Page 19 - ஆர்க்லைட் சுத்தமான மாற்றம் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Proterra, commercial electric vehicle Technology Leader, is publicly disclosed through a transaction with ArcLight Clean Transition Corp

Proterra, commercial electric vehicle Technology Leader, is publicly disclosed through a transaction with ArcLight Clean Transition Corp. News Highlights: Proterra, commercial electric vehicle Technology Leader, is publicly disclosed through a transaction with ArcLight Clean Transition Corp. BURLINGAME, California and BOSTON, Massachusetts – Proterra Inc. (the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that it will go public through a transaction with ArcLight Clean Transition Corp. (Nasdaq: ACTCU), ACTC and ACTW) (“ArcLight”), a publicly traded specialty acquisition company. At closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The transaction represents an enterprise value of $ 1.6 billion for Proterra.

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ArcLight-Backed SPAC Connects With E-Bus Maker Proterra

Jan. 12, 2021 7:45 pm ET A blank-check company backed by energy investment firm ArcLight Capital Partners agreed to acquire and take public electric vehicle company Proterra Inc. in a deal that gives it an enterprise value of about $1.6 billion. ArcLight Clean Transition Corp. , the special-purpose acquisition company, will use $278 million raised through an initial public offering in September as well as $415 million being raised in a private investment in public securities transaction to help finance the deal, regulatory filings show. The deal is expected to close in the first half of the year. Shares of the blank-check company, which priced its IPO at $10 a share and closed Monday at $12.19 each, more than doubled on Tuesday on news of the deal, closing at $25.20.

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The Brief: Jigar Shah on infrastructure (podcast), financing clinics in Africa, electric fleet flurry, special-ed tech, return to Paris

The Brief: Jigar Shah on infrastructure (podcast), financing clinics in Africa, electric fleet flurry, special-ed tech, return to Paris
impactalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from impactalpha.com Daily Mail and Mail on Sunday newspapers.

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VentureSouth partner Proterra goes public

Share VentureSouth portfolio company Proterra will become a publicly traded company through the acquisition of ArcLight Clean Transition Corp., the investment company announced today. The special purpose acquisition values the electric vehicle manufacturing company at $1.6 billion and boosts its resources for additional growth, according to a news release. After the merger closes, which is expected in 2021’s second quarter, Proterra’s stock will be traded on the Nasdaq under the ticker symbol PTRA. Proterra is based in Silicon Valley, but Greenville serves as its East Coast operations and manufacturing base. VentureSouth first invested in the company when Proterra moved to Greenville from Colorado in 2011 as local investors partnered with the Upstate Carolina Angel Network, the predecessor to Venture South, and SCRA.

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MERGER ALERT - ACTC, VIH, and GXGX: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies

MERGER ALERT - ACTC, VIH, and GXGX: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies
newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.

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