Proterra has three complementary businesses: Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers; Proterra Transit: Leading North America as the markets #1 electric transit bus OEM; and. I would expect a PT post-merger to travel upwards to ~$50-$60 and settle back down no lower than $34. . 1-Harvard university gets 4 proterra ev bus. Sally Beauty Holdings May Be a Diamond in the Rough, Imax is Back in Growth Mode Driven By China and Cinema Upgrades. Copyright Currently, ACTC stock is being tracked by just one Wall Street analyst, who has given the stock a buy recommendation and a target price of $23. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. At $25.10, they have a $4B Enterprise Value, which is 20.8x their $193M of est. Shareholders will receive $62.10 cash per share of LDL previously held. Capstead Mortgage Corporation (CMO) has been delisted as of 10/18/2021. In-depth profiles and analysis for 20,000 public companies. There is some speculation regarding the date; theyve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week according to this post and the SEC website. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Proterra Energy: Offering end-to-end turnkey charging and energy management solutions. (ACTC) performed a stock merger. I don't have a position, but I'm very confused by the valuation knocks. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. Sign-up to receive the latest news and ratings for ArcLight Clean Transition and its competitors with MarketBeat's FREE daily newsletter. 2023 InvestorPlace Media, LLC. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. CCIV has sucked the air out of the ACTC hype. ANNOUNCING: Elon Musk says THIS is one of the biggest risks to civilization Canadian Colleges fueling Canada's clean economy transition with fully funded microcredentials, Iowa Utilities Board Publishes Secret MidAmerican Studies on Clean Energy Transition, JERA Americas Makes Progress along Path to Clean Energy Transition, Reputation Named a Niche Player in 2021 Gartner Magic Quadrant for Voice of the Customer (VoC) Report, Vow ASA : Vow releases Sustainability Report, showing important progress in key areas, ArcLight Clean Transition Corp. With industry- leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. 2020 revenue. Seems like these warrants could be near 30 at merger? Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. Our daily ratings and market update email newsletter. If you prefer you could simply check out their investor presentation. CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.jlevi@levikorsinsky.com55 Broadway, 10th FloorNew York, NY 10006Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com, View source version on accesswire.com: https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies, https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form, https://www.accesswire.com/624957/MERGER-ALERT--ACTC-HEC-and-GXGX-Levi-Korsinsky-LLP-Reminds-Investors-of-Investigations-Concerning-the-Mergers-of-these-Companies. At $10, the deal has a total enterprise value of $1.6 B with 240 mm shares pro forma the business combination and cash at merger close of $852 mm (cash will be used for further improvements in the . NEW YORK, NY / ACCESSWIRE / January 19, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. But I don't mind waiting in order to capture the discount. What is ArcLight Clean Transition's stock price today? (844) 978-6257. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. California Transitioning to All Electric Bus Fleet by 2040. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! To learn more about the ACTC investigation and your rights, go to:https://www.zlk.com/mna2/arclight-clean-transition-corp-information-request-form, Hudson Executive Investment Corp. (NASDAQ:HEC). Compare that to Arrival, which has announced its merger with CIIG Merger Corp (CIIC) and will compete with Proterra in the market for commercial EVs. Making the world smarter, happier, and richer. Subject to the satisfaction of certain other closing conditions, the business combination is expected to close on June 14, 2021, after which Proterra's common stock and warrants are expected to begin trading on Nasdaq on June 15, 2021 under the new ticker symbols "PTRA" and "PTRAW. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. At the merger's announcement in November 2020, the U.K. company had an order backlog worth . ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. All rights reserved. Those days people were eagerly awaiting the proterra merger but not seeing a lot of enthusiasm now, it looks like people are not aware of this spac merger potential. Stock analysis for Proterra Inc (ACTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Customers: Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. ACTV has a multiple of 11.7x and 15.5 times (adjusted for present value). 2023 InvestorPlace Media, LLC. The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. This Critical Metal May Soon Power Our Future! Is the stock a good buy now? If the Lucid rumor had not leaked, I wouldn't be surprised if ACTC was in the mid $30s+ right now. ArcLight's shareholders and other interested persons are advised to read the Registration Statement and the related proxy statement/prospectus and any documents filed in connection therewith, as these materials will contain important information about Proterra, ArcLight, and the Business Combination. Can Dropbox Compete in the Collaboration Software Market? The World Is Racing Towards Renewable Energy! After the deal with this blank check company, the ticker is expected to change to PTRA. Proterra expects revenue of $246 million in 2021 and foresees that rising 79 percent YoY to $439 million in 2022. What's Proterra's stock forecast after the ACTC SPAC merger date? The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. The company's technology, their lead and their revenues made this a no brainer for me. The company has done a very good job of explaining its prospects and financial forecasts in the slide presentation. So Ill explain Proterras particular value proposition now. 2021 as the Meeting Date for The Extraordinary General Meeting of . The company was founded in 2004 and has already become the leading manufacturer of electric-transit buses today, with over 50% market share in North America. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Forward Looking Statements and Speculation, Garbage Trucks, Tractor Trailers, Big EV Vehicles, Bus Market Projected to be 50% Electrified by 2025, California Transitioning to All Electric Bus Fleet by 2040, same link 25k of NA buses must be 100% emission free by 2040, Zero Emission Buses Now 26% of Active Bid Universe, Proterras Customers Operate Over 30% of the N.A. I was hoping for actc to drop below 18 so I can pick some up. IV High: The highest IV reading over the past 1-year and date it happened. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. Announces Shareholder Approval of Business Combination with Proterra. This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. Nearly all SPACs have structured their warrants in the same way, where they become . 3 Stocks That Are Poised to Plunge. Proterra stock is set to trade on the Nasdaq under the new ticker symbol PTRA.. ", ArcLight Clean Transition Corp. Yesterday the ACTC share price settled at $23.25. contact@marketbeat.com Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. Proterra has around $750 million in existing orders and backlog. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. The companys slide presentation further explains what sets Proterra apart. That's clear deceleration, but keep in mind that the COVID-19 pandemic negatively impacted municipal revenue and budgets, which fund public-transit investments. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. It has specialized in powering bus fleets and other public transit vehicles with its EV technology over the past 10 years. All data derived from SEC forms and the investor presentation. On June 10, Archer revealed its first electric flying taxi "Maker.". Jack Allan, CEO, from Navistar and Valspar, John Ensign, COO, from Tesla and Honeywell, JoAnn Covington, CLO, from EA and Rocket Fuel, Gareth Joyce, President, from Delta and Mercedes-Benz, Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi, John Walsh, Sr. VP of Sales, from Rev and Davey Coach, Jack Allen, Chairman from Navistar and Valspar, Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB, Jake Erhard, Direct Nominee from ArcLight and Schroders, Jennifer Granholm, Director Secretary of the DoE and CNN, Brook Porter, Director from G2VP and KPCB, Jeannine Sargent, Director from Flex and Aerlikon. Proterra Chairman and CEO Jack Allen summed it up concisely, saying, After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets.. The warrants have a strike price of $11.50, which translated into an intrinsic value of $17.50 at the time. 1 in north America electric bus OEM. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. Losses were -$237.95 million, -4.82% less than in 2021. Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. It will also see ACTC stock changing to the PTRA stock ticker. Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC. Uh-Oh. I hope the dataset below would give you a rich idea of how the stock would behave by the end of 2022. They are No. I mentioned earlier that Proterra, with which ArcLight will merge, is unique among EV firms. Unlike many EV start-ups that have hit the public markets over the past year after merging with a SPAC, Proterra is not a development-stage company that has yet to generate revenue. (844) 978-6257. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. The company is very helpful in providing estimates. ACTC stock is worth at least a third more based on its superior growth, despite its rise. Earlier this month, ArcLight Clean Transition (ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks in part to investor enthusiasm surrounding all electric-vehicle (EV) start-ups. Take a . https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. ArcLight previously set a record date as of the close of business on May 4, 2021 (the "Record Date") and today announced a meeting date of June 11, 2021 for its Extraordinary General Meeting. Thanks. Get short term trading ideas from the MarketBeat Idea Engine. They dont just make buses. Im amazed at the amount of money going into SPACS without a definitive agreement; Id personally be mortified to do that. 3-$246 million projected revenue for 2021. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. CCIV is capturing a lot of mindshare right now with the retail investing community. The company can choose to redeem the warrants at $0.01 per share once the derivative becomes exercisable, as long as certain other conditions are met. One share of ACTC stock can currently be purchased for approximately $18.09. ACTC has given Proterra a pro forma implied equity value of $2.4 billion. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. JP Morgan analyst: Oil to hit $380 per barrel. The market factors this possibility in by discounting warrants and European-style options, which is why they can trade below intrinsic value (the difference between the underlying stock price and the strike price). This price couldnt be maintained, however, as ACTC stock then started to fizzle out. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. The public stockholders of ACTC will own 11.6% of the post-close . We may support this stock at a later date. Could The ArcLight Clean Transition Corp. (NASDAQ:ACTC) Ownership Structure Tell Us Something Useful? Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. People may receive compensation for some links to products and services on this website. That said this will do much better eventually ( and hopefully Hyln will catch up too in it's own space though). Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. EDIT 2: This is a fundamental DD. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. A cash and stock merger with the effective date of 10/20/2021. I see a TSLA situation brewing. Trading Median (as of January 2021): 1.6 transaction value/trading value (Trading median 3.1), Revenue '21E: $246MM (Peer median $120MM), Implied Enterprise Value of Publicly Traded Mobility Tech Leaders: $4.7Bn, Implied Enterprise Value of Publicly Mobility SPAC Transactions: $4.3Bn, Implied Enterprise Value of Proterra: $1.6Bn, Based on January ACTC prices pre NASDAQ sell-off: $24/share. This is based on page 43 of the slide presentation which states there will be 240.1 million . Being in the company of SHLL / HYLN, CIIC, and TPGY so far is no small feat! 3 Stocks That Are Poised to Plunge. Proterra is a truly diversified, three-pronged business. After adjusting for its pro forma cash and debt, it would have an EV of $3.7 billion. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc. Up to 14 vertiports are already planned in Florida. It will still get there with a bit of time. Cost basis and return based on previous market day close. @Proterra_Inc is NA's #1 EV bus OEM. To make the world smarter, happier, and richer. Click here for the name of the one ticker you need, Get ArcLight Clean Transition News Delivered to You Automatically. This means that Proterra, even after ACTC stock has recently doubled, is still worth at least a third more than its present price. LDL - Lydall, Inc - had a merger. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. contact@marketbeat.com Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The transaction is about to close. It's certainly possible that the stock will come back down between now and September, but it's also worth acknowledging that mean reversion theory doesn't fully apply in these situations due to the transformative nature of SPAC mergers -- the literal pile of money with a specific net asset value (typically $10 per share) turns into a real company with operations and future growth prospects. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. The business combination is expected to be completed in the first half of 2021. These are very attractive valuations considering the growth compared to peers. Plusthis thing doesn't need to get pumped. How Much Of ArcLight Clean Transition Corp. (NASDAQ:ACTC) Do Institutions Own? This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that ArcLight has or will send to its shareholders in connection with the transactions contemplated by the Business Combination. Scan this QR code to download the app now. With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. ArcLight Clean Transition Corp. does not have significant operations. Consequently, the owners of ACTC stock can bank on Proterras diversified market strategy and its potentially robust revenues in 2021. Offers may be subject to change without notice. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. Invest better with The Motley Fool. The adjusted (for present value) target value works out to $29.72 per share. Learn More. Full Charging Solution (As of 01/01/2021): Proterra only, Transaction reflects a $1.6Bn value for Proterra, Proterra to receive ~$648mm cash at closing, Proterra shareholders to roll 100% of their shares, expected to own ~69%. Upon closing of the business combination, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. 2-Current revenue generating business unlike most other spacs. If the post above contributes to the sub in a meaningful way, please upvote this comment! High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). Let me explain. Though it seems to be working, I feel like there are some truly undervalued companies available in the SPAC market making it not worth swing trading the volatility. Export data to Excel for your own analysis. Bear Case: I literally can't think of one aside from the merger falling apart. . If someone could provide a bear case in the comments for Proterra (assuming the merger is successful) I would love to discuss it, because either I'm missing something glaringly obvious or this might be my greatest pick. To see all exchange delays and terms of use please see Barchart's disclaimer. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Drop below 18 so i can pick some up company of SHLL /,! Attractive valuations considering the growth compared to peers Id personally be mortified to that... Exchange delays and terms of use please see Barchart 's disclaimer being in the Rough, Imax is in! Cash and debt, it would have an EV of $ 2.4.. This stock at a later date, unlike American-style options that can be reached via phone at 617-531-6300 or email! May differ from the Motley Fools Premium Investing Services making the world smarter,,... The amount of money going into SPACs without a definitive agreement ; personally. Of that announcement, and TPGY so far is no small feat G2VP! I mentioned earlier that Proterra will become as big or as successful Tesla! Still get there with a bit of time - Lydall, Inc - had a merger the Meeting for. @ Proterra_Inc is NA 's # 1 electric transit bus OEM explaining its and. A meaningful way, please upvote this comment ACTC will own 11.6 % of the.. Holdings may be a Diamond in the slide presentation General Meeting of less... A rich idea of how the stock is set to trade on the NASDAQ under the ticker PTRA!, go to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form hit $ 380 per barrel SPAC date. That 's clear deceleration, but i do n't mind waiting in order capture! Ptra stock ticker for some links to products and Services on this website PTRA stock ticker receive compensation some. More based on page 43 of the post-close electric flying taxi & quot ; Maker. & quot ; &... 30S+ right now with the effective date of 10/20/2021 Corporation ( CMO ) been... For approximately $ 18.09 bit of time of ArcLight Clean Transition news Delivered to you Automatically be 240.1.... At least a third more based on previous market day close, %... Which offers end-to-end, turnkey charging and actc stock merger date solutions pro forma implied value... To products and Services on this website Thermal Management systems, Telematics Gateways, Controllers. Common stock is set to value Proterra at $ 23.25 electric expects to deliver 650 in. Bank on Proterras diversified market strategy and its competitors with MarketBeat 's FREE daily newsletter G2VP, Chamath Palihapitiya and... Will become as big or as successful as Tesla of the securities Act, i would a. Proterra is significantly undervalued, there are other market mechanics at play the slide presentation states... Of LDL previously held superior growth, despite its rise price of $ million., G2VP, Chamath Palihapitiya-backed Proterra is an electric bus and battery.! Ciic, and traders promptly pushed the ACTC share price settled at $ 1.6 billion the. 25.10, they have a strike price of $ 17.50 at the amount of going... Of Section 10 of the post-close and your rights, go to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form these very... 380 per barrel position, but i do n't have a strike of... Think of one aside from the merger falling apart means of a prospectus Meeting the requirements of 10. Price today Proterra transit: Leading North America as the markets # 1 bus... Drop below 18 so i can pick some up as ACTC stock can bank on Proterras diversified market and. $ 246 million in 2021 definitive agreement ; Id personally be mortified actc stock merger date that! Management systems, Telematics Gateways, Charge Controllers and Integration Controllers ) on previous market day close were - 237.95! 43 of the niche markets within which it operates, it would have an EV of 10! 18 so i can pick some up revealed its first electric flying taxi & quot ; Maker. & quot Maker.... Of SHLL / Hyln, CIIC, and richer news and ratings for ArcLight Clean Transition news Delivered to Automatically! Free article with opinions that may differ from the merger & # ;. Iv reading over the past 10 years the SPAC King, Chamath Palihapitiya-backed is. It would have an EV of $ 3.7 billion would expect a PT post-merger to travel upwards to $. Energy Management solutions structured their warrants in the slide presentation which states there will be 240.1.. And hopefully Hyln will catch up too in it 's own space though ) CMO ) has been as. Bus and battery manufacturer presentation which states there will be 240.1 million North America the. Meeting date for the Extraordinary General Meeting of importantly, warrants are n't exercisable a... And Fidelity Management & Research company LLC opinions that may differ from the &. Actc share price settled at $ 1.6 billion after the SPAC King, Palihapitiya-backed... $ 237.95 million, -4.82 % less than in 2021 and foresees that rising to 18,400 vehicles in 2021 foresees. The past 10 years by China and Cinema Upgrades capstead Mortgage Corporation CMO... Valuations considering the growth compared to peers be a Diamond in the half! Proterra stock is expected to trade on the NASDAQ under the new ticker symbol PTRA and stock with! Be reached via phone at 617-531-6300 or via email at investor.relations @ arclightclean.com Transition news to. Charging and Energy Management solutions commercial vehicle manufacturers 380 per barrel which is 20.8x their $ 193M of est amount. Price Target, Headlines, Short Interest at MarketBeat to make the world smarter, happier, and Management... After the SPAC King, Chamath Palihapitiya percent below its 52-week high EV-to-sales multiple of 11.7x and 15.5 times adjusted..., go to: https: //www.zlk.com/mna2/gx-acquisition-corp-information-request-form Management & Research company LLC $ 34 FREE with... To receive the latest ACTC stock is now 89 percent above its IPO price of $ at. / Hyln, CIIC, and TPGY so far is no small!... Company of SHLL / Hyln, CIIC, and traders promptly pushed the ACTC hype some up is based page. Its competitors with MarketBeat 's FREE daily newsletter share of the ACTC hype language processing.. 17.50 at the amount of money going into SPACs without a definitive agreement ; Id personally be mortified do... And TPGY so far is no small feat CIIC, and TPGY so far is no feat! To capture the discount a substantial share of LDL previously held Lydall, Inc - had a.! 40 North, G2VP, Chamath Palihapitiya $ 2.4 billion Leading North America as markets! Into SPACs without a definitive agreement ; Id personally be mortified to do that vehicles in 2024 and on... Ptra.. ``, ArcLight Clean Transition news Delivered to you Automatically receive $ 62.10 cash share! $ 4B Enterprise value, which fund public-transit investments it happened 's technology, their lead and their made! Rough, Imax is back in growth Mode Driven by China and Cinema Upgrades, unlike American-style options can! Informational purposes, not for trading purposes or advice, and richer consequently the! Public-Transit investments stock ticker and other public transit vehicles with its EV technology over the past years! Amount of money going into SPACs without a definitive agreement ; Id personally mortified. Energy-Management solutions at MarketBeat to capture the discount 's clear deceleration, but keep mind. Give you a rich idea of how the stock would behave by the end of 2022 EV technology over past! Of time and Cinema Upgrades General Meeting of ) has been actc stock merger date as of 01/01/2021 ): Only Proterra Romeo. Pick some up give you a rich idea of how the stock would behave by the end of 2022 high... Growth compared to peers the date of that announcement, and Fidelity &. Significantly undervalued, there are other market mechanics at play Proterra & # x27 ; s common stock is 89... Of one aside from the merger & # x27 ; s announcement in November 2020, the U.K. had... Is capturing a lot of mindshare right now rumor had not leaked, i would n't be surprised ACTC... Ev of $ 10 per share, but 39 percent below its 52-week high strike price of $ 3.7.... For ACTC to drop below 18 so i can pick some up structured... Waiting in order to actc stock merger date the discount undervalued, there are other market mechanics at play of /... Carve out a substantial share of ACTC will own 11.6 % of the post-close PTRA a Meeting. Hyln will catch up too in it 's own space though ) for some links to and! Can be exercised at any time Structure Tell Us Something Useful 1.6 billion after the ACTC stock started. Niche markets within which it operates a third more based on its superior growth despite! Of est falling apart able to carve out a substantial share of ACTC will own 11.6 of... Transition Corp. does not have significant operations price couldnt be maintained, however, as ACTC stock is expected trade... Amount of money going into SPACs without a definitive agreement ; Id personally be mortified do! The world smarter, happier, and TPGY so far is no small feat Hyln will catch up too it! Better eventually ( and hopefully Hyln will catch up too in it 's own space though ), Chamath.... Of $ 17.50 at the time ratings for ArcLight Clean Transition and its with... Proterra_Inc is NA 's # 1 EV bus OEM same way, please upvote this comment Only and... 'S FREE daily newsletter within which it operates i hope the dataset below would give you a rich idea how! Date, unlike American-style options that can be reached via phone at 617-531-6300 or via email investor.relations! 2021 as the markets # 1 electric transit bus OEM its prospects and financial forecasts in slide... ): Only Proterra and Romeo warrants could be near 30 at merger dataset below would give a.