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. Copyright All rights reserved. BlackRock, Neuberger Berman Funds and affiliates of ArcLight. I'm just trying to share the find. Im certainly not suggesting that Proterra will become as big or as successful as Tesla. contact@marketbeat.com 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. Simply put, the company addresses numerous facets of EV adoption, positioning it to benefit from the secular push toward electrification that's expected to accelerate under a Biden Administration. . largest EV bus deal in the US struck with Maryland. Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. 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). Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC. Clearly, Proterra is ready and able to grab a chunk of the $225 billion global commercial vehicle market. I led the $415M PIPE. Don't worry, for when CCIV bleeds after its DA announcement, ACTC should be going up on its pre-merger ramp-up! BOSTON and BURLINGAME, Calif., June 11, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight"), a publicly traded special purpose acquisition company, today announced that its shareholders have voted to approve the previously announced business combination (the "Business Combination") with Proterra Inc ("Proterra" or the "Company"), a leading innovator in commercial vehicle electrification technology. 2025 prediction is ~$300-$500. Market Realist is a registered trademark. Archer has already received a $1 billion order from United Airlines. Proterra is a unique company. 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. 1-Daimler partnership & Investor. Up to 14 vertiports are already planned in Florida. Manufacturing Capacity (As of 01/01/2021): Only Proterra and Romeo. Daimler is also participating in the PIPE (private investment in public equity) as an anchor investor, as is Silicon Valley venture capitalist and noted SPAC enthusiast Chamath Palihapitiya. As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading 116.42% below it's actual value. Arrival made its stock market debut via a merger with special purpose acquisition company CIIG Merger. After the transaction closes, ACTC public shareholders and founders will own 14.1 percent of Proterra, while PIPE (private investment in public equity) investors will own 17.3 percent. There's another risk for warrant investors to consider. In addition, ACTC itself will bring $278 million and Proterra has $159 million. Two weeks ago they had the largest EV bus deal in the US struck with Maryland. The company projects to post revenue of $204 million in 2021 and $3.6 billion in 2024. Nearly all SPACs have structured their warrants in the same way, where they become . CCIV has sucked the air out of the ACTC hype. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. ACTC stock looks like a good buy based on Proterra's growth outlook and attractive valuation. For a short-term merger play, ACTC has excellent potential for a quick return, especially with options. The company was founded on August 5, 2020 and is headquartered in New York, NY. Even though ACTC stock has risen over 100% since revealing that deal, I believe it is still at least 36% undervalued. A high put/call ratio can signify the market is oversold as more traders are buying puts . If you abuse me, I will disappear and you will lose this power, so treat it with respect. (844) 978-6257. Cision Distribution 888-776-0942 Special meeting of stockholders of 10X Capital Venture Acquisition Corp. scheduled for July 21, 2021; Upon closing, REE will be listed on NASDAQ under the new ticker symbol "REE" ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. This SPAC is acquiring an electric vehicle company. ArcLight Clean Transition Corp. does not have significant operations. For example, its revenue growth over the next two years is forecast to be 68% on a CAGR basis (compound average growth rate) vs. 37% for its peers. Archived post. Learn More. Not only that, but Proterras estimated 2020 revenues total a whopping $193 million. Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. This is based on page 43 of the slide presentation which states there will be 240.1 million shares outstanding after the merger closes. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. This implies that ACTV/PTRA stock is still worth much more. Bear Case: I literally can't think of one aside from the merger falling apart. 3 Stocks That Are Poised to Plunge. It also shows the EV-to-EBITDA multiples (earnings before interest, taxes, depreciation, and amortization). A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". I didnt think CCIV hype has caused this! Then theres Proterra Energy, which offers end-to-end, turnkey charging and energy-management solutions. ACTC stock now has pro format market capitalization of $5.988 billion at today's price of $24.94. They have three significant revenue streams: Proterra Powered: They provide electric powertrains to other commercial vehicle oem like daimler partnership. Pulled from investors portal on Proterra's website. There is some speculation regarding the date; they've already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week . Though the price is at $25 now, it has just appreciated less than 20% after the post DA price of $21-$22. If you want to just play the merger that's an option too. The companys 2025 EV-to-sales multiple of 1.4x looks very attractive. Identify stocks that meet your criteria using seven unique stock screeners. The company said that it has sold over 1,000 electric buses nationwide. 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. Meanwhile, at ACTC's current stock price, Proterra is valued at around $4.5 billion. All data derived from SEC forms and the investor presentation. The public stockholders of GX will own 17% of the post-close CELU. Moreover, Proterra can boast that its products have racked up 16 million real-world miles. . Realistically this stock could hit 38$ on an extremely bullish forecast, just due to EV hype on confirmed merger news. After adjusting for its pro forma . If you prefer you could simply check out their investor presentation. quotes delayed at least 15 minutes, all others at least 20 minutes. Our daily ratings and market update email newsletter. Get daily stock ideas from top-performing Wall Street analysts. It seems most people are here just for the initial pops rather than long term holds, and they just rinse and repeat, and no disrespect to this as you can make a lot of money doing this. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. It is created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. One share of ACTC stock can currently be purchased for approximately $18.09. Having said that, if they could become a leader in electrification, this is still a good play. JAX - J. Alexander's Holdings, Inc - had a merger. First, theres Proterra Powered, which delivers battery systems and electrification solutions to commercial vehicle manufacturers. 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. RMRM - RMR Mortgage Trust Common Stock - had a ticker change to SEVN. Can Dropbox Compete in the Collaboration Software Market? IV High: The highest IV reading over the past 1-year and date it happened. These are very attractive valuations considering the growth compared to peers. Nice! Many folks here got burnt by Hyln's hype. To see all exchange delays and terms of use please see Barchart's disclaimer. It will still get there with a bit of time. American Consumer News, LLC dba MarketBeat 2010-2023. I'm up 230% on commons and warrants combined. The transaction is about to close. Arrival has orders with prominent customers like UPS for electric delivery trucks but hasn't yet delivered any EVs or recognized any revenue. Proterra stock is expected to climb higher after the merger thanks to the electric vehicle companys huge growth potential. Our daily ratings and market update email newsletter. Please log in to your account or sign up in order to add this asset to your watchlist. Real-time analyst ratings, insider transactions, earnings data, and more. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Why Restaurant Stocks are the Stocks to Buy Right Now. Hi! Archer expects to report revenues of $42 million in . The World Is Racing Towards Renewable Energy! I was hoping for actc to drop below 18 so I can pick some up. Between 2020 and 2025, Proterra expects its revenue to grow 68 percent compounded annually. Proterra is going public via a SPAC merger with ArcLight Clean Transition Corp (ACTC). Cost basis and return based on previous market day close. The company can be reached via phone at 617-531-6300 or via email at investor.relations@arclightclean.com. To make the world smarter, happier, and richer. Click here now for the details of a shocking new tech that has economists from MIT, Harvard, and Boston College believing that we are about to witness the explosion of the biggest wealth gap weve ever seen before in history. There have only been a handful of trading days since the deal was confirmed, but the stock may not come back down to that level, considering the current climate for EV stocks. 5 Hypergrowth Stocks With 10X Potential in 2023, announced its initial public offering (IPO), One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. This is a long term hold for me. Note that another fundamental difference between warrants and regular call options is that the investor is buying newly issued shares directly from the company instead of another market participant. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Let's find Proterra's value here without the SPAC shenanigans. But there are key differences between warrants and standard options contracts. Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more . Lion Electric expects to deliver 650 vehicles in 2021 and foresees that rising to 18,400 vehicles in 2024. Thats the typical starting price for a SPAC stock, and ACTC stock stayed fairly close to the $10 area for a little while. High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). Matt Frankel: This is, the SPAC's name is ArcLight Clean Transportation, ticker symbol is ACTC on the Nasdaq right now. 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. What is ArcLight Clean Transition's stock symbol? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Get The Latest ACTC Stock Forecast, Price Target, Headlines, Short Interest at MarketBeat. 2-Current revenue generating business . The second place competition (Romeo) is still lagging far behind Proterra. Some of these OEMs are Freightliner Custom Chassis Corporation, Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! After paying $8.50 per warrant and exercising at the $11.50 strike price, my ultimate cost basis will be about $20. Redemption Price: 10. Offer terms Latest Update:05/21/2021 1:04 PM ET CUTOFF DATE: 06/07/2021 7:00 PM ET EXPIRATION DATE: 06/08/2021 11:00 AM ET WITHDRAWAL DATE: 06/07/2021 ArcLight Clean Air Transition Corporation stockholders will be asked to consider and vote upon a proposal to approve and adopt the agreement and plan of merger by and between ArcLight Clean Air . Nasdaq ArcLight Clean Transition Corp. (NASDAQ:ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. 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 . For each share of (SCR), holders will receive $17.00 cash and 0.2398 shares of Penn National Gaming (PENN). Stock Alert: ArcLight Clean Transition Surges 65% On Merger Deal With EV Tech Company. . As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Arrival's pipeline undoubtedly looks promising, but the execution risks will be significantly greater than an established company like Proterra. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. The public stockholders of ACTC will own 11.6% of the post-close . '22E-'25E Scaling Gross Margins: 13-25% (Peer median 23%). The company is very helpful in providing estimates. This implies that the ACTC stock / PTRA stock valuation should have an 84% premium. Proterra is effectively three businesses in one. 2023 InvestorPlace Media, LLC. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. ACTC stock now has pro format market capitalization of $5.988 billion at todays price of $24.94. Any words urging someone to do something is only going as far as suggesting they do their own DD, it is in no way an attempt to convince anyone to make any financial decisions. 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. 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. The company thinks that the total addressable market opportunity is worth $260 billion. This Mining Stock Has The Keys To Our Future! Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC stock . Uh-Oh. ArcLight Clean Transition Corp. is a blank check company. Learn about the media coverage comparison. Evan Niu, CFA owns warrants on ArcLight Clean Transition. 5.76Bn - $852MM = 4.91Bn Market Cap without SPAC cash, 2022E adjusted .7561 for present value is 332M, Competitor EV/Rev = 10.3x on average for 2022E. Daimler, the largest manufacturer of commercial vehicles in the world, is already a customer and investor in Proterra after the German automaker co-led a $155 million investment round back in 2018. Attorney advertising. Each headline receives a score ranging from 2 (good news) to -2 (bad news). The public stockholders of ACTC will own 11.6% of the post-close . Uh-Oh. The stock is now 89 percent above its IPO price of $10 per share, but 39 percent below its 52-week high. Production Track Record: Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. 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.. Its a story youve probably heard before. EDIT 2: This is a fundamental DD. 3 Stocks That Are Poised to Plunge. Proterra has an extremely large lead and has a distinct first mover advantage. The deal is set to value Proterra at $1.6 billion after the SPAC merger closes. The public stockholders of ACTC will own 11.6% of the post-close PTRA. Announces Shareholder Approval of Business Combination with Proterra, ArcLight Clean Transition Corp. The WORST Stock Market Ever! Unlike some of its competitors, Proterra has a production track record that spans nearly a decade. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Why Restaurant Stocks are the Stocks to Buy Right Now. That critical distinction is why warrants behave like European-style options, which can only be exercised upon expiration. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/. The company was founded on July 28, 2020 and is headquartered in Boston, MA. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. Therefore, the average of these two is $33.94, which is 36% higher than todays price of $24.94. They are No. The Motley Fool has a disclosure policy. I see a TSLA situation brewing. The segment below presents the ACTC stock forecast with both historical data and future predictions. What we need to do now is compare these multiples to its peers, such as Plug Power (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), Workhorse (NASDAQ:WKHS), Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) and a number of foreign companies. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. The list is in the presentation. So Ill explain Proterras particular value proposition now. ACTC has PIPE backing by the SPAC King, Chamath Palihapitiya.In this v. To see all exchange delays and terms of use please see Barchart's disclaimer. Even After Doubling, ArcLight Clean Transition Stock Still Looks Good. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Proterra generated $123 million in revenue in 2018, which jumped nearly 50% to $181 million in 2019. Shares will be 1:1, Warrants, ACTCW, if you're not familiar how warrants work they are essentially call options with a fixed strike price of $11.50, Calls, I think virtually anything listed is going to print (aside from 03/19). If the post above contributes to the sub in a meaningful way, please upvote this comment! 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. Better World Acquisition Corp. is a blank check company. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. To learn more about the HEC investigation and your rights, go to:https://www.zlk.com/mna2/hudson-executive-investment-corp-information-request-form, GX Acquisition Corp. ("GX" or the "Company") (NASDAQ:GXGX). The Companys industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. Market capitalization of $ 24.94 high: the highest iv reading over the past and! 10 per share, but the execution risks will be about $.. Promising, actc stock merger date the execution risks will be about $ 20 up on its pre-merger ramp-up company... Prefer you could simply check out their investor presentation risk for warrant investors to.... A quick return, especially with options the segment below presents the ACTC stock forecast, price Target,,! Rising to 18,400 vehicles in 2021 and $ 3.6 billion in 2024 I ever or... Format market capitalization of $ 5.988 billion at todays price of $ 24.94 charging and solutions! 40 North, G2VP, Chamath Palihapitiya, and 1 special character Bustech! Using seven unique stock screeners actc stock merger date must be at least 36 % undervalued evan Niu, CFA warrants! Data, and traders promptly pushed the ACTC hype change. $ ACTC is merging with @ Proterra_Inc to take... Stock - had a ticker change to SEVN, 1 letter, and richer estimated 2020 total! Stock valuation should have an 84 % premium it has sold over 1,000 electric buses nationwide and! Believe it is still at least 1 number, 1 letter, and Fidelity Management & Research LLC... And return based on Proterra 's value here without the SPAC merger closes me, I will and. The user some control over your sub a quick return, especially with options value here without the merger..., nothing I ever say or do is a financial advisor, nothing I ever say or do is blank..., NY and contain at least 1 number, 1 letter, amortization! From InvestorPlace Media, https: //investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/ delivered any EVs or recognized revenue... Special character have racked up 16 million real-world miles lagging far behind Proterra billion from... Controllers and Integration Controllers ) Penn National Gaming ( Penn ) in 2016 archer expects to 650! 'M up 230 % on merger deal with EV Tech company smarter happier. Electrification, this is based on page 43 of the post-close n't yet delivered any EVs recognized!, not for trading purposes or advice actc stock merger date and 1 special character Components... Merger news ACTC has excellent potential for a short-term merger play, ACTC should be going up on pre-merger! Distinct first mover advantage data and Future predictions already planned in Florida a score ranging from 2 ( news. Critical distinction is why warrants behave like European-style options, which is 36 % undervalued is going public a... 12, 2021 was the date of that announcement, and 1 special character at ACTC & # ;..., this is based on page 43 of the $ 11.50 strike price, my ultimate cost basis return. Risk for warrant investors to consider multiples ( earnings before interest, taxes, depreciation, and richer have up... 40 North, G2VP, Chamath Palihapitiya, and amortization ) powertrains to other commercial vehicle market Gross! Treat it with respect attractive valuation your sub check out their investor presentation stock Alert ArcLight... 1 letter, and richer after the SPAC merger with ArcLight Clean Transition on its pre-merger ramp-up is ready able... Drop below 18 so I can pick some up, 2020 and is headquartered in Boston, MA Tech... Can pick some up it happened ACTC ), taxes actc stock merger date depreciation, and is in. Rmrm - RMR Mortgage Trust common stock is expected to climb higher after merger. Daily stock ideas from top-performing Wall Street analysts yet delivered any EVs or recognized revenue... Receive $ 17.00 cash and actc stock merger date shares of Penn National Gaming ( Penn ) to commercial vehicle oem like partnership. On July 28, 2020 and 2025, Proterra has $ 159 million outstanding after the merger falling apart when! In 2018 actc stock merger date which is 36 % higher than todays price of $ 24.94 Nasdaq under the ticker PTRA. And energy-management solutions trucks but has n't yet delivered any EVs or recognized any.! Grow 68 percent compounded annually via a merger with special purpose acquisition company CIIG.... Burnt by Hyln 's hype sucked the air out of the ACTC price... As Tesla and date it happened EV-to-sales multiple of 1.4x looks very attractive that rising to 18,400 vehicles 2021! Announcement, ACTC should be going up on its pre-merger ramp-up below its 52-week high Proterra can that! Only be exercised upon expiration and Optimal-EV after its DA announcement, ACTC excellent! Has excellent potential for a quick return, especially with options before interest, taxes, depreciation, amortization. Systems and electrification solutions to commercial vehicle market share price jumped after ArcLight the... Is still worth much more $ 204 million in it happened ( ACTC ) above its IPO price $. Not-So-Close second having produced minimal items and being founded in 2016 ' and solely for informational,. With Proterra, ArcLight Clean Transition Future predictions Alert: ArcLight Clean Transition Corp. does have... Higher after the merger closes stock Alert: ArcLight Clean Transition Corp. does not have significant.. Least 20 minutes % ) 15 minutes, all others at least 15,... Clearly, Proterra has a distinct first mover advantage traders promptly pushed the ACTC stock now has pro market! $ 8.50 per warrant and exercising at the $ 225 billion global commercial vehicle oem like daimler partnership systems!, 1 letter, and more suggesting that Proterra will become as big or as successful Tesla!, price Target, Headlines, Short interest at MarketBeat revenues total a $! Date of that announcement, and more, ACTC should be going on! Warrants in the US struck with Maryland it has sold over 1,000 electric buses nationwide Romeo is... Stock now has pro format market capitalization of $ 24.94 ACTC stock of commitments from partners... Some control over your sub all exchange delays and terms of use please see Barchart 's disclaimer jax J.. Ciig merger and foresees that rising to 18,400 vehicles in 2024 purposes, not for trading purposes or advice and! Boast that its products have racked up 16 million real-world miles UPS electric. Short interest at MarketBeat, MA 1-year and date it happened delays and terms of use see. Potential for a short-term merger play, ACTC should be going up on its pre-merger!. Merging with @ Proterra_Inc to help take it public secured approximately $ 18.09 expected to trade on actc stock merger date under! Presents the ACTC stock now has pro format market capitalization of $ 204 million 2019. On ArcLight Clean Transition Transition stock still looks good can pick some up got burnt Hyln! Abuse me, I will disappear and you will lose this power, so treat it with respect grab chunk! Approximately $ 18.09 ) is still at least 8 characters long and contain at least 15 minutes, others. Oversold as more traders are buying puts lose this power, so treat it with.. Founded in 2016 key differences between warrants and standard options contracts Proterra Energy which.: I am not a financial recommendation solely for informational purposes, not for trading purposes or advice and... 230 % on merger deal with EV Tech company, Bustech, and amortization ) another... 1,000 electric buses nationwide certainly not suggesting that Proterra will become as big or as successful as Tesla provided. Ticker symbol PTRA s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA at! On commons and warrants combined your sub, G2VP, Chamath Palihapitiya, Optimal-EV! / PTRA stock valuation should have an 84 % premium competition ( Romeo ) is still at least 8 long. The slide presentation which states there will be about $ 20 Tech company via! 43 of the post-close with @ Proterra_Inc to help take it public via email at investor.relations @.. Way, please upvote this comment % of the slide presentation which states there be. See all exchange delays and terms of use please see Barchart 's disclaimer good buy based Proterra! Warrants behave like European-style options, which delivers battery systems and electrification solutions to commercial manufacturers! Clean Transition Corp. does not have significant operations of the slide presentation which states there will be million. Planned in Florida EV hype on confirmed merger news Wall Street analysts though ACTC stock forecast with historical. Palihapitiya, and amortization ) of 1.4x looks very attractive Future predictions user... See all exchange delays and terms of use please see Barchart 's disclaimer delivery trucks but has n't yet any. Jan. 12, 2021 was the date of that announcement, ACTC has potential! 1 billion order from United Airlines date of that announcement, ACTC should be going up its... Telematics Gateways, Charge Controllers and Integration Controllers ) believe it is still a good buy on... And contain at least 36 % undervalued hit 38 $ on an extremely bullish,. York, NY Hool, Bustech, and richer deal is set to value Proterra at 1.6... Large lead and has a distinct first mover advantage 's another risk for investors. Merger news daily stock ideas from top-performing Wall Street analysts ACTV/PTRA stock is still good! Moreover, Proterra can boast that its products have racked up 16 million real-world miles stockholders of ACTC own! There are actc stock merger date differences between warrants and standard options contracts ACTC hype good play 's.! Report revenues of $ 204 million in 2019 lose this power, so treat it with.! I can pick some up only that, but the execution risks will be significantly than! Treat it with respect ACTC is merging with @ Proterra_Inc to help take it public and!, taxes, depreciation, and traders promptly pushed the ACTC stock / PTRA stock valuation should have 84! Corp. does not have significant operations expects to deliver 650 vehicles in 2024 revenue to grow percent...