actc merger with proterra

12:07 AM ET 03/23/2021, Reuters - A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". The SPAC (special purpose acquisition company) raised about $250 … Proterra battery-electric buses feature zero tailpipe emissions, saving approximately 230,000 pounds of greenhouse gases annually when replacing diesel buses. Jan 12, 2021 12:11 PM EST Electric-vehicle-technology company Proterra said Tuesday it would go public through a merger with ArcLight Clean Transition (ACTC). 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 according to this post and the SEC website. On January 11, 2021, Proterra entered into a merger agreement with ArcLight Clean Transition Corp. (ACTC) , a special purpose acquisition company. Orange highlights = new items since last week. Under the terms of the merger agreement, ACTC will acquire Proterra through a reverse merger that will result in Proterra becoming a public company. Share your opinion and gain insight from other stock traders and investors. Proterra recently entered into a merger agreement with ArcLight Clean Transition Corp. (ACTC) , a special purpose acquisition company. Today’s company is Proterra, a $3.8 billion commercial EV maker that has announced its intention to go public through a SPAC merger with ArcLight Clean … This is my overview of Proterra which is going public via the SPAC ACTC stock. Bulls … On January 11, 2021, Proterra entered into a merger agreement with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW), a special purpose acquisition company. "Proterra is proud to support more than 130 customers across North America including transit agencies, airports, universities, and commercial operators that are delivering an essential service to riders. ArcLight has filed with the SEC a Registration Statement on Form S-4 (as amended, the "Registration Statement"), which includes a preliminary proxy statement/prospectus of ArcLight, in connection with the proposed merger transaction (the "Business Combination") involving ArcLight and Proterra. Valuing ACTC / Proterra. In 2020, Proterra introduced its fifth-generation battery-electric transit vehicle, the Proterra ZX5. That includes $278 million held in trust at ArcLight and another $415 million from a private investment in public equity (PIPE). Press question mark to learn the rest of the keyboard shortcuts. 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 company is an established EV maker of batteries and storage systems that have specialized in powering bus fleets and other public transit vehicles with its EV technology in the last decade. Commercial electric vehicle maker Proterra is set to merge with blank-check company ArcLight Clean Transition Corp. as the SPAC craze continues in 2021. Proterra was chosen to help streamline local transit agencies' access to vehicles that best meet their specific transit system needs. ... (ACTC… The … Press down arrow for suggestions, or Escape to return to entry field. Press J to jump to the feed. Pro forma implied equity value of approximately $1.6 billion. BURLINGAME, Calif. Proterra was chosen to help streamline local transit agencies' access to vehicles that best meet their ... Proterra Selected In Electric Bus Contract By Washington State Department of Enterprise Services When the merger with Proterra was announced in early February, the stock went to $31 and should trend upwards to that at least that mark when the merger date is announced. A dds details on the deal, background. Proterra is going public via a SPAC merger ticker ACTC. ArcLight, Proterra and their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of ArcLight's shareholders in connection with the Business Combination. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp. (ACTC), 200 Clarendon Street, 55th Floor, Boston, MA 02116. The Proterra Powered team helps OEMs seamlessly integrate complete high-voltage systems for any vehicle architecture or chassis, including components such as Junction Boxes, Thermal Management Systems, Telematics Gateways, and Charge Controllers. Proterra is a SPAC merger with PIPE backing by the SPAC King, Chamath Palihapitiya. Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp. Jan 12 (Reuters) - Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp ACTC.O, in … Today we're taking a look at Proterra's pro-forma valuation, yet another EV SPAC play. A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". 8:00 AM ET 02/25/2021, BRIEF-Arclight Clean Transition Corp II Announces Pricing Of Upsized $275 Mln IPO, Proterra to supply batteries for Lightning eMotors' commercial electric vans, Montgomery County Public Schools Approves the Nation’s Largest Procurement of Electric School Buses With Highland Electric Transportation. On January 11, 2021, Proterra entered into a merger agreement with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW), a special … Pheonix Merger Sub, a Delaware Corporation and wholly-owned direct subsidiary of ArcLight Clean Transition (ACTC) +80% plans to merge with Proterra… Earlier this month, ArcLight Clean Transition (NASDAQ:ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks … Merger Transaction Details. We look forward to helping even more customers throughout the country accelerate the switch to 100% clean transportation for all," said John Walsh, Proterra Senior Vice President. Find the latest ArcLight Clean Transition Corp. (ACTC) stock discussion in Yahoo Finance's forum. Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. After the Registration Statement is declared effective, ArcLight will mail a definitive proxy statement/prospectus and other relevant documents to stockholders of ArcLight as of a record date to be established for voting on the Business Combination. The purpose-built electric buses further offer a quieter ride for reduced noise pollution, greater efficiency, and lower operating costs than combustion engine vehicles. Over the longer term, electric bus maker Proterra should do very well. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Transit agencies, universities, and other commercial operators can now purchase Proterra battery-electric buses as well as Proterra charging infrastructure through the Washington State Cooperating Purchasing program's pre-established contract. 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 … Proterra is going public via a SPAC merger ticker ACTC. About ProterraProterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Proterra, a $3.8 billion commercial EV maker, has announced its intention to go public through a SPAC merger with ArcLight Clean Transition Corp. (ACTC… The Proterra ZX5 electric transit bus features a new streamlined vehicle design and maximizes the amount of energy that can be stored on board the vehicle to increase power and range. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Electric-Bus maker Proterra is gearing up to go public through a reverse merger with ArcLight Clean Transition Corp. In addition to its transit products, Proterra Energy fleet solutions offers a turn-key approach to delivering the complete energy ecosystem for heavy-duty electric fleets, including charging infrastructure design, build, financing, operations, maintenance and energy optimization. Whether you want to play the merger hype or long on the company, not much better time to jump into ACTC and be a future stock owner of Proterra (PTRA)! A press statement released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". Here's my analysis on Proterra which will be going public when it merges with Arclight Clean Transition (ACTC)! 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. Proterra ACTC merger. 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 according to this post and the SEC website. 8:00 AM ET 03/18/2021, Business Wire - BURLINGAME, Calif. and BOSTON, Mass., January 12, 2021 – Proterra Inc. (the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that it will become publicly listed through a transaction with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW) (“ArcLight”), a publicly traded special purpose acquisition company. BURLINGAME, Calif., April 13, 2021 /PRNewswire/ -- Proterra Inc ("Proterra"), a leading innovator in commercial vehicle electrification technology, today announced that it has been selected by the Washington State Department of Enterprise Services as a vendor to supply zero-emission battery-electric transit buses and charging infrastructure under the state's regional Cooperative Purchasing Contract. On January 11, 2021, Proterra entered into a merger agreement with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW), a special purpose acquisition company. View original content to download multimedia:http://www.prnewswire.com/news-releases/proterra-selected-in-electric-bus-contract-by-washington-state-department-of-enterprise-services-301267256.html, Content and data provided by various third parties and Fidelity −. Shares of Proterra will trade as PTRA on the Nasdaq after the merger. The transaction represents an enterprise value of $1.6 billion for Proterra. The Proterra ZX5 is available to customers today as a 35-foot and 40-foot bus and in models featuring 450 kWh and 225 kWh of energy storage capacity. . ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021. For more information, see https://arclightclean.com/. Green highlights = merger meetings this week - INAQ 2/9, MCAC 2/9, PANA 2/9, SBE 2/11, LGVW 2/12 Proterra is set to gain $648 million in cash from the merger. But, due to the impact of the novel coronavirus pandemic, I would not recommend buying ArcLight (NASDAQ: ACTC) stock … Arclight and Proterra merger is a hot topic on Stocktwits Arclight’s deal to merge with Proterra has brought significant attention to ACTC stock on the online investor forum Stocktwits. Discussion. Current ArcLight shareholders will own 11.6% of Proterra after the merger. Proterra is going public via a SPAC merger ticker ACTC. SPAC Merger status update as of 2/6/21. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the ACTC … Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of ArcLight's directors and officers, and Proterra's directors and executive officers, in ArcLight's filings with the SEC, including the Registration Statement. The 40-foot Proterra ZX5 can be equipped with 675 kWh of energy storage to deliver up to 329 miles of drive range, which represents the most energy storage and longest drive range of any 40-foot electric bus available in the market today. About Proterra Inc. ArcLight Clean Transition Corp. (NASDAQ: ACTC), a SPAC has announced a merger with electric bus automaker Proterra Inc. Reuters - ArcLight's stockholders and other interested persons are advised to read, the preliminary proxy statement/prospectus, and amendments thereto, and, when available, the definitive proxy statement/prospectus in connection with ArcLight's solicitation of proxies for its stockholders' meeting to be held to approve the Business Combination because the proxy statement/prospectus will contain important information about ArcLight, Proterra and the Business Combination. 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