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Proterra (ArcLight Clean Transition) Priced, Nasdaq: PTRA

Blank check company formed by ArcLight Capital Partners targeting a renewable energy business (completed 6/11/2021).

Industry: SPAC

First Day Return: -0.2%

Industry: SPAC

ArcLight Clean Transition Corp. is a newly incorporated blank check company. We intend to pursue opportunities created by the accelerating transition toward sustainable use of energy and natural resources. The renewable energy sector has emerged from a niche source of electricity to be the key driver of growth in the industry, with an estimated $1.5 trillion invested globally between 2015 through 2019 according to IEA. Our sponsor has been a leader in identifying this trend and making investments in the renewable energy sector. Our primary areas of focus include products, equipment, services and technologies enabling the continued decarbonization of the economy. We plan to target companies that serve rapidly growing segments in the clean energy ecosystem, including renewable power generation, energy storage, the distributed electrical grid, zero-emission transportation, renewable fuels, carbon capture, utilization and storage, zero/low-carbon industrial applications and sustainable manufacturing. We believe that market leaders within these high-impact segments can deliver superior long-term returns to equity investors. Our sponsor is an affiliate of ArcLight Capital Partners, LLC, one of the leading firms focused on energy infrastructure investments in North America.
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IPO Data
IPO File Date 09/04/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/22/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $250
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Boston, MA, United States
Founded 2020
Employees at IPO 3
Website www.arclight.com

Proterra (ArcLight Clean Transition) (PTRA) Performance