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.

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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 Greer, SC.

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

"Blank-check" ArcLight Clean Transition Corp. is set to merge with commercial electric vehicle company Proterra in what Chamath Palihapitiya calls his "biggest investment in climate change." On Tuesday, Palihapitiya announced via Twitter that the special purpose acquisition company ArcLight Clean Transition Corp. will merge with Proterra, taking the clean-tech commercial EV leader public.

Chamath Palihapitiya's "biggest investment in climate change": ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra (ACTC)

New York, New York--(Newsfile Corp. - January 12, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased ArcLight Clean Transition Corp. ("ArcLight" or the "Company") (NASDAQ: ACTC) stock prior to January 12, 2021.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of ArcLight Clean Transition Corp. with Proterra Inc

Electric-bus maker Proterra Inc. said Tuesday it will go public through a deal with ArcLight Clean Transition Corp. , a special purpose acquisition company. Proterra's stock is expected to trade on the Nasdaq under the ticker symbol PTRA.

Electric-bus maker Proterra to go public via blank-check company merger

The transaction will generate $648 million in cash and an additional $415 million in investments from a group that includes Daimler Trucks, Franklin Templeton, Fidelity Management and funds managed by BlackRock.

Electric Bus Maker Proterra To Go Public In $1.6 Billion SPAC Deal

ArcLight (ACTC) stock is soaring higher on Tuesday following news that the SPAC plans to take Proterra public via a merger. The post ACTC Stock: 15 Things to Know About ArcLight and the Proterra SPAC Merger appeared first on InvestorPlace.

ACTC Stock: 15 Things to Know About ArcLight and the Proterra SPAC Merger

News for Arclight Clean Transition Stock (ACTC)