pic.twitter.com/Lv1Q6zkQwj. Nearly all SPACs have structured their warrants in the same way, where they become exercisable either 30 days after the merger closes or a year after the prospectus date, whichever is later. contact@marketbeat.com In addition, ACTC itself will bring $278 million and Proterra has $159 million. This implies that ACTV/PTRA stock is still worth much more. IV Low: The lowest IV reading over the past 1-year and date it happened. 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. ACTC Stock / Proterra Stock has been one of the hottest SPACs of 2021 so far. Get short term trading ideas from the MarketBeat Idea Engine. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. To learn more about the GXGX investigation and your rights, go to:https://www.zlk.com/mna2/gx-acquisition-corp-information-request-form. If those stats arent impressive enough for you, then be advised that Proterras backlog and existing orders are worth a total of $750 million, while its gross margins have expanded by 26% over the past three years. businessinsider.com - January 13 at 5:19 AM. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya. I can't be the only one who plays post DA strategy right? What's Proterra's stock forecast after the ACTC SPAC merger date? Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. Proterra has been in production for ~10 years. See what's happening in the market right now with MarketBeat's real-time news feed. Amyris May be Oversold, but is it Worth Fighting the Shorts? Transaction Details: Upon closing of the business combination, the combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". The merger deal represents an . 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. The present ACTC stock price, which is on April 21, 2022, is USD $ 16.490. Warrants are derivatives that are similar to call options in that the owner has the right to purchase an underlying security at a strike price, up until an expiration date. The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. Pulled from investors portal on Proterra's website. The firm was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination. About Property Solutions Acquisition Corp. Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar . The public stockholders of Hudson will own 25% of the post-close TALK. Get daily stock ideas from top-performing Wall Street analysts. However, if we multiply Proterras 83.8% premium by the market average of 10.3, the target EV multiple to sales should be 18.9x. The company said that it has sold over 1,000 electric buses nationwide. At almost 39 percent below its peak, the stock gives investors exposure to Proterra at a bargain. 2020 revenue. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Most importantly, warrants aren't exercisable until a later date, unlike American-style options that can be exercised at any time. In the case of ArcLight Clean Transition, I paid approximately $8.50 per warrant, while the stock was trading at $29. October 19, 2021. This Mining Stock Has The Keys To Our Future! Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. ArcLight Capital Partners, LLC. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. When typing in this field, a list of search results will appear and be automatically updated as you type. Proterra generated $193mm. TL;DR: Fundamental's alone show this company is already 116.42% undervalued, factor in hype, forward-thinking, IPO, etc. JAX - J. Alexander's Holdings, Inc - had a merger. Thats good news for anyone whos looking for an electric-vehicle SPAC stock that stands apart from the rest. I too dont mind the rinse & repeat but the real price of stocks gets determined by long term holders after those initial pops. Proterra has around $750 million in existing orders and backlog. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareholders. Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. Create an account to follow your favorite communities and start taking part in conversations. Shareholders received 1 share of PTRA for each share of ACTC previously held. Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. Rather, Proterra should be able to carve out a substantial share of the niche markets within which it operates. Let's find Proterra's value here without the SPAC shenanigans. Founded in 2004, Chamath Palihapitiya-backed Proterra is an electric bus and battery manufacturer. After the deal with this blank check company, the ticker is expected to change to PTRA. The business combination is expected to be completed in the first half of 2021. The official website for the company is arclightclean.com. Proterra Transit: Leading North America as the markets #1 electric transit bus OEM. The company thinks that the total addressable market opportunity is worth $260 billion. Proterra is set to gain $648 million in cash from the . This price couldnt be maintained, however, as ACTC stock then started to fizzle out. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. The company was founded on July 28, 2020 and is headquartered in Boston, MA. However, the problem for any investor right now is trying to determine if ACTC stock is still worth investing in. How does this compare with forecast sales and earnings? Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. 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. EDIT 3: Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. I was hoping for actc to drop below 18 so I can pick some up. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. 1-pager attached. Is ACTC stock still undervalued? 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Proterra has an extremely large lead and has a distinct first mover advantage. I am long on this with my shares. Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. Press question mark to learn the rest of the keyboard shortcuts, https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude. This battery production line was established within a year and demonstrates Proterras ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). Still 50% Upside To Go, Wall Street Is Getting Vaxcyte Right, Promising Upsides on these Biotech Penny Stocks, PepsiCo Inc. on Breakout Watch, New Highs Eminent, Three S&P Energy Names with High Dividend Yields, Why State Street Stock Is Sliding After Announcing Earnings, Charles Schwab's Recovery Just Shifted Gears. Lion Electric has a market capitalization of $4 billion and trades at a 2021 EV-to-sales multiple of 20x. ArcLight Clean Transition (NASDAQ:ACTC) has a market capitalization of $627.51 million. Real World Miles Driven: Proterra has driven over 16mm real world miles, no other competition has driven any. stock forecast after the ACTC SPAC merger. ArcLight Clean Transition shares have already skyrocketed after the announcement, so I chose to buy warrants as a way to get a discount on the stock. American Consumer News, LLC dba MarketBeat 2010-2023. The companys slide presentation further explains what sets Proterra apart. The company forecasts its gross margin expanding to 25 percent by 2025 from 4 percent in 2021. View which stocks are hot on social media with MarketBeat's trending stocks report. 1 in north America electric bus OEM. Proterra is effectively three businesses in one. To make the world smarter, happier, and richer. INMD - InMode Ltd - had a 2 for 1 forward split. EOY my prediction is ~$70-$80. 1-Daimler partnership & Investor. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows. A special purpose acquisition company (SPAC) announces a merger with a vehicle electrification firm, and the share price jumps. (844) 978-6257. Attorney advertising. The public stockholders of GX will own 17% of the post-close CELU. Recent news after the DA announcement. The adjusted (for present value) target value works out to $29.72 per share. I recommend you read. After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. 3 Hyper-growth Stocks to Buy Before it's Too Late 2 Stocks to Sell Short in 2023 1 Tech Stock You Can Buy Now and Hold for 20 Years REVISED: 2023 Stock Market Outlook View All Top Stories If you abuse me, I will disappear and you will lose this power, so treat it with respect. Forward-Looking Statements and Speculation. California Transitioning to All Electric Bus Fleet by 2040. Get Out Now. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. 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