Arclight Clean Transition

ArcLight Clean Transition Corp. is a blank check company. 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. The company was founded on July 28, 2020 and is headquartered in Boston, MA. Redemption Price: 10. Warrant Coverage: 1/2.

Proterra, Inc. engages in the design and manufacture of zero-emission electric transit vehicles. The firm is focused on providing end-to-end solutions that enable commercial vehicle electrification, with its electric vehicle technology. Its business lines include Proterra Powered, Proterra Transit, and Proterra Energy. The company was founded in July 2004 and is headquartered in Burlingame, CA.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase, the SPAC looks for a target company to merge with.

SEARCHING PHASE

The SPAC announces which company it will be acquiring (and taking public).

PREVIOUS PHASE

Investors and shareholders will meet to approve the acquisition.

CURRENT PHASE

Proterra

Electric bus and battery maker Proterra Inc. begins its life as a publicly traded company Wednesday, ringing the bell on the Nasdaq as it collects a $640 million payout from its special purpose acquisition company (SPAC) sponsor. But Proterra CEO Jack Allen said more than money was involved with Proterra's choice to take the shortest route to the market where it will trade under the Nasdaq ticker symbol PTRA.

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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.

ArcLight Clean Transition Corp. Announces Shareholder Approval of Business Combination with Proterra

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BOSTON, May 14, 2021 /PRNewswire/ -- ArcLight Clean Transition Corp. (NASDAQ: ACTC) ("ArcLight") today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective the registration statement on Form S-4 of ArcLight (File No. 333-252674) (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus in connection with ArcLight's extraordinary general meeting of shareholders (the "Extraordinary General Meeting") to consider the previously announced proposed business combination (the "Business Combination") with Proterra Inc ("Proterra").

ArcLight Clean Transition Corp. 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 Shareho

A battery cell shortage and rising interest rates hurt this up-and-coming commercial electric vehicle play.

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The U.S. electric bus market is projected to grow from $445.7m in 2018 to reach $1.554b by 2024, at a CAGR of 23.9%. This would likely now be much higher. U.S. Federal and State government subsidies and grants are boosting demand for the adoption of zero-emission buses. Biden will likely accelerate this.

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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 post Consider Taking a Bite Out of This Transformative Transportation Technology Stock appeared first on InvestorPlace.

Consider Taking a Bite Out of This Transformative Transportation Technology Stock

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. 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.

Chamath Palihapitiya-backed Arclight Clean Transition Corp. jumps 12% after announcing Maryland school-bus deal (ACTC)

The SPAC's target company scores a deal to help provide electric school buses.

Why ArcLight Clean Transition Stock Popped Today

There are many electric vehicle SPAC stocks to choose from, but ACTC stock offers exposure to a unique bus electrification company. The post Even After Doubling, ArcLight Clean Transition Stock Still Looks Good appeared first on InvestorPlace.

Even After Doubling, ArcLight Clean Transition Stock Still Looks Good

ArcLight SPAC's merger with EV bus maker Proterra is still undervalued. ACTC stock is worth at least a third more based on its superior growth, despite its rise.

ArcLight SPAC's Merger With Proterra Is Still Undervalued

With ACTC stock trading at a high valuation and governments facing large deficits, bullish investors should wait for a pullback. The post Why Investors Should Pass on ArcLight for Now appeared first on InvestorPlace.

Why Investors Should Pass on ArcLight for Now

No, I'm not referring to Churchill Capital IV, which is rumored to be pursuing a merger with Lucid Motors.

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Why ArcLight Clean Transition Stock Jumped 12% Today

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Proterra Inc., which makes heavy-duty electric transit buses, drivetrains, batteries and charging systems, will go public in a reverse merger with special purpose acquisition company (SPAC) ArcLight Clean Transportation Corp. (NASDAQ: ACTC) Daimler Trucks, already a Proterra investor and technology partner, is among the financial backers of the deal that will bring $648 million in cash to Proterra when the business combination is completed.  ArcLight is a so-called blank check company created specifically to merge with an existing company and bypass the more restrictive traditional initial public offering.

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We previously speculated QELL would bring Proterra public but this is now off the table. ArcLight is bringing Proterra to market at a reasonable valuation.

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The stock price of Arclight Clean Transition Corp (NASDAQ: ACTC) increased by 106.73%. This is why it happened.

ACTC Stock Price Increased 106.73%: Why It Happened

NEW YORK, Jan. 12, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ArcLight Clean Transition Corp. ("ACTC" or the "Company") (NASDAQ: ACTC) in connection with the Company's proposed merger with...

News for Arclight Clean Transition Stock (ACTC)