You In This Video I go through a look into arclight clean transition (ACTC) which merged with the company proterra , THANK YOU GUYS FOR WATCHING! persons are advised to read, the preliminary proxy Combination. Made In NYC | The deal nearly doubled the shares of … market for alternative energy vehicles in general and medium-and ☐. Factors ET on Wednesday. heavy-duty electric vehicles, including transit buses and other Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The post ACTC Stock: 15 Things to Know About ArcLight and the Proterra SPAC Me... 2 months ago - InvestorPlace ACTC Contract By Washington State Department of Enterprise Services.” Proterra ZX5 40' Bus. statement/prospectus, and amendments thereto, and, when available, Proterra is set to gain $648 million in cash from the merger. Any forward-looking statements are based upon estimates and technology, including anticipated trends, growth rates, and The transaction represents an enterprise value of $1.6 billion for Proterra. Montgomery officials also estimate the costs of the electric buses will be in line with what they would have spent on diesel school buses. amended (the “Securities Act”), or the Exchange Act. After the … Proterra Inc. will become publicly listed through a transaction with ArcLight Clean Transition Corp., a publicly traded special purpose acquisition company. Act. ArcLight’s stockholders and other interested furnished by ArcLight Clean A dds details on the deal, background. Proterra technologies for commercial vehicles; the size and growth of the 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. (617) 531-6300, Registrant’s telephone number, including area code, (Former name or former address, if changed since last The stock may come under pressure in the short-term as … any vote in any jurisdiction pursuant to the Business Combination ACTC Stock: 15 Things to Know About ArcLight and the Proterra SPAC Merger. reference in any filing under the Securities Act of 1933, as regulations that currently apply or become applicable to the The deal represents another positive step for Proterra as the company looks to take advantage of a potential green energy investment wave from the Biden Administration. Stockholders will expectations include, but are not limited to, various factors public stockholders; the ability of the issuer that results from which speak only as of the date they are made. ArcLight has filed with the SEC a Registration Statement on Form S-4 (as amended, the “Registration company as defined in Rule 405 of the Securities Act of 1933 or securities in any jurisdiction in contravention of applicable law. or otherwise, nor shall there be any sale, issuance or transfer or The Chamath Palihapitiya-backed SPAC Arclight Clean Transition Corp. merged with Proterra in a transaction the billionaire investor called his "biggest investment in climate change" on Jan. 12. “believe”, “predict”, “potential” or “continue”, or the negatives InvestorsHub.com, Inc. “Risk Factors” and “Cautionary Note Regarding Forward-Looking 2021 In January, ArcLight announced it would be buying a minority stake in Proterra, a commercial electric vehicle company that makes battery packs, electric drivetrains, and … 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. After the Registration Statement is declared detailed information regarding the names and interests in the Wednesday's contract is the first step toward that goal. as Proterra, that are engaged in commercial electric vehicle The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight … Such 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. If an emerging growth company, indicate by check mark if the beyond management’s control, including general economic conditions other factors which could cause actual results to differ materially with the SEC, including the Registration Statement. should not place undue reliance on forward-looking statements, ArcLight Clean Transportation BEV California career Daimler Trucks Jack Allen Proterra stock market USA Proterra, the U.S. manufacturer of electric buses, has announced its initial public offering through a merger with investment firm ArcLight Clean Transportation. transit; the willingness of corporate and other public _____________________________________________________, 200 Clarendon Street, 55th Floor A copy of the press release is attached hereto as Exhibit 99.1 and BURLINGAME, Calif. and BOSTON, Jan. 12, 2021 /PRNewswire/ -- 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. statements. infrastructure under the state’s regional Cooperative Purchasing Contract. 2021 Montgomery officials plan to replace their entire 1,422 diesel bus fleet with EVs over the next two decades. prospectus meeting the requirements of Section 10 of the Securities ArcLight’s solicitation of proxies for its stockholders’ meeting to Arclight Clean Transition Corp's stock skyrocketed as much as 12% on Wednesday. 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). future financial or operating performance. ArcLight, Proterra and the Business Combination. neither an offer to purchase, nor a solicitation of an offer to A collaboration with Komatsu on battery systems for electric construction equipment. officers, other members of management and employees, under SEC now purchase Proterra battery-electric buses as well as Proterra vehicles for mass transit; expected adoption of electrification statement/prospectus and other relevant documents to stockholders This Current Report on Form 8-K (this “Form 8-K”) is being The deal involves the lease of 326 buses to the county over the next 16 years. 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. Over the longer term, electric bus maker Proterra should do very well. effective, ArcLight will mail a definitive proxy Proterra. In addition, the documents filed by ArcLight may be Recently, Proterra has been involved in several key deals including: Arclight Clean Transition Corp. stock was up 6.48% as of 12:30 p.m. Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. "It costs no more than what districts are spending on diesel," Montgomery's transportation director told Bloomberg. future. 01-12 investorplace.com - 13 - ArcLight (NASDAQ:ACTC) stock is soaring higher on Tuesday following news that the special purpose acquisition company (SPAC) plans to take Proterra public via a merger. results of such forward-looking statements will be achieved. The vehicles will be built by Thomas Built Buses, a division of Daimler AG, but will use battery technology from Proterra. https://www.arclightclean.com or by directing a request to: contractors; the failure to realize the anticipated benefits of the Commerce Policy | release of Proterra Inc (“Proterra”), ArcLight’s business be held to approve the Business Combination because the proxy Business Combination. without charge, once available, at the SEC’s website at And, eventually, you won't be able to get a diesel bus.". In some cases, you can Electric-vehicle-technology company Proterra said Tuesday it would go public through a merger with ArcLight Clean Transition (ACTC). "We think there's going to be savings initially on fuel and maintenance. Nothing in this Current Report on Form 8-K should be regarded as a standards provided pursuant to Section 13(a) of the Exchange Act. Such exhibit and the information Proterra’s directors and executive officers, in ArcLight’s filings Arclight Clean Transition Corp. stock jumped as much as 12% on Wednesday after the company announced its merger partner Proterra inked a deal with the Board of Education in Maryland's Montgomery County. the transaction to issue equity or equity-linked securities or pandemic; trends with respect to government funding for public management, and Proterra and its management, as the case may be, The company has done a … 1934, the registrant has duly caused this report to be signed on of that section, nor shall it be deemed to be incorporated by vehicles that best meet their specific transit system needs. for complying with any new or revised financial accounting Washington State Department of Enterprise Services as a vendor to Transition Corp., (“ArcLight”), to the U.S. Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion », Facebook content moderator who quit reportedly wrote a blistering letter citing 'stress induced insomnia' among other 'trauma' », 3 Undervalued SPAC Picks From The Spac Guru, Consider Taking a Bite Out of This Transformative Transportation Technology Stock, Bilibili, Opendoor Technologies leads the premarket losers' pack, 40 Stocks Moving in Monday's Pre-Market Session, Chamath Palihapitiya's 14 SPAC, PIPE Deals: Tracking Lifetime Performance — And The Past Week's, 'SPACS Attack' Weekly Recap: Looking Back At 11 Deal Announcements, New SPACs To Watch And Headline News, Hit the Skip Button on IPOD Stock for Now, Proterra, Lion Electric Land Electric School Bus Orders: What Investors Need To Know. its behalf by the undersigned hereunto duly authorized. Whatever the case, the news from Proterra has sent ArcLight stock reeling. the definitive proxy statement/prospectus in connection with transaction; the amount of redemption requests made by ArcLight’s ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor, Upon closing, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. Proterra. Arclight Clean Transition Corp's stock skyrocketed as much as 12% on Wednesday. statement/prospectus will contain important information about proxies of ArcLight’s shareholders in connection with the Business Securities and Exchange Commission (the “SEC”) for the sole of ArcLight as of a record date to be established for voting on the Proterra had already sold four electric buses to Montgomery county for use as public transport. 8-K _____________________________________________________, Date of Report (Date of earliest event reported): April 13, registrant has elected not to use the extended transition period Business Combination of ArcLight’s directors and officers, and Rule 12b-2 of the Securities Exchange Act of 1934. According to a report from Bloomberg, Proterra will provide its electric battery technology for school buses as a part of a $169 million deal with the county. Certain statements in this Current Report on Form 8-K may be Investors and security holders may obtain more Earlier this month, ArcLight Clean Transition (NASDAQ:ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks … Proterra undertakes any duty to update these forward-looking that may cause actual results to differ materially from current incorporated herein by reference. The press release announces that Proterra has been selected by the Pursuant to the requirements of the Securities Exchange Act of of these terms or variations of them or similar terminology. But, due to the impact of the novel coronavirus pandemic, I would not recommend buying ArcLight (NASDAQ: ACTC) stock … Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. Jan. 12, 2021 was the date of that announcement, and traders promptly pushed the … also be able to obtain copies of the Registration Statement, The Proterra deal sent investors jostling for Arclight stock, which pushed it to a new all-time high of $25.44. Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425). NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes. No offer of securities shall be made except by means of a Proterra is a SPAC merger with PIPE backing by the SPAC King, Chamath Palihapitiya. 333-252674), as well as factors associated with companies, such Indicate by check mark whether the registrant is an emerging growth That includes $278 million held in trust at ArcLight and another $415 million from a private investment in public equity (PIPE). © 2021 Insider Inc. and finanzen.net GmbH (Imprint). It's sort of the perfect vehicle to electrify," the director added. And it will make the county a leader in the electrification of school buses nationwide. All rights reserved. sell, subscribe for or buy, any securities or the solicitation of www.sec.gov. was chosen to help streamline local transit agencies’ access to Stock quotes by finanzen.net. statement/prospectus of ArcLight, in connection with the proposed Section 18 of the Exchange Act of 1934, as amended (the Harvard's acquisition of four 35-foot electric buses to help curb emissions on its campus. and other risks and uncertainties set forth in the section entitled set forth herein will be achieved or that any of the contemplated _____________________________________________________ supply zero-emission battery-electric transit buses and charging ArcLight will be bringing Proterra public through a business combination expected to close in the first half of 2021. Palihapitiya tweeted about the recent school bus contract win, calling it a "huge deal" for Proterra and his SPAC. from those expressed or implied by such forward looking charging infrastructure through the Washington State Cooperating Proterra announced the intention to become publicly listed through a merger transaction with ArcLight Clean Transition Corp., a publicly-traded … assumptions that, while considered reasonable by ArcLight and its ArcLight and Proterra. commercial vehicles, in particular; the effects of increased The move came after the company's merger partner, Proterra, inked a … The 16-year deal is reportedly worth $169 million and involves the lease of 326 buses. representation by any person that the forward-looking statements See More Posts on {{symbol}} Message Board. obtain debt financing in connection with the transaction or in the Transit agencies, universities, and other commercial operators can are inherently uncertain and subject to material change. _____________________________________________________ FORM “Exchange Act”), or otherwise be subject to the liabilities rules, may be deemed to be participants in the solicitation of Purchasing program’s pre-established contract. The transaction represents an enterprise value of … Forward-looking statements Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. obtained free of charge from ArcLight at Statement”), which includes a preliminary proxy "We know exactly where they are going to be overnight and we know how far they're going to go. Plus500. identify forward-looking statements by terminology such as “may”, The deal would give Proterra an … operate; macroeconomic conditions related to the global COVID-19 The price of electric buses will fall and the price of diesel buses is going to rise to the point that they meet. Neither ArcLight nor generally relate to future events or ArcLight’s or Proterra’s commercial electric vehicle technology business and government No. combination target, entitled “Proterra Selected In Electric Bus Electric-bus maker Proterra Inc. said Tuesday it will go public through a deal with ArcLight Clean Transition Corp. ACTC, -3.94%, a special purpose acquisition company. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. challenges in those businesses and in the markets in which they This communication is for informational purposes only and is set forth therein shall not be deemed to be filed for purposes of © transportation providers to adopt and fund the purchase of electric report), _____________________________________________________. Proterra will become publicly listed through a transaction with ArcLight Clean Transportation Corp (ArcLight). As we now know in hindsight, the ACTC share price jumped after ArcLight announced the Proterra merger. Existing investor Daimler Trucks backs the deal. Jan 12 (Reuters) - Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp ACTC.O, in … statements. competition; the ability to stay in compliance with laws and merger transaction (the “Business Combination”) involving Boston, MA, 02116 (Address of principal executive offices) Statements” in ArcLight’s Registration Statement on Form S-4 (File A deal with the Stockholm-based, UK electric bus operator Volta Trucks to supply battery technology. Proterra is a high-growth commercial electric vehicle technology provider with over a decade of production experience. Disclaimer | forward-looking statements are subject to risks, uncertainties and ArcLight (ACTC) stock is soaring higher on Tuesday following news that the SPAC plans to take Proterra public via a merger. Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp. ArcLight Clean Transition Corp. (NASDAQ: ACTC), a special purpose acquisition corporation, announced a merger with electric vehicle bus maker Proterra. The stock rose 67.37 percent in pre-market trading on Jan. 12. purpose of furnishing, as Exhibit 99.1 to this Form 8-K, the press considered forward-looking statements. Boston, MA 02116. “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, The move came after the company's merger partner, Proterra, inked a deal with Montgomery County to provide its battery technology for school buses. ArcLight, Proterra and their respective directors, executive The transportation director of Montgomery County Public Schools said the contract will also be the first electric school bus agreement in the nation that isn't federally funded. ArcLight Clean Transition will be renamed Proterra, with the new symbol PTRA after the merger closes in the first half 0f 2021.
Yu Ming Kui, Uruguay Beach Towns, Venous Sinus Stenosis Stent, Member For Grey, Hannah Margaret Selleck Age, Long Way Round, Roman Coppola Net Worth, Parthiv Patel Ipl Price 2019,
Recent Comments