Ticker LaunchSPAC · Merger completed
ArcLight Clean Transition Corp.
Business combination with Proterra Inc
ArcLight Clean Transition Corp. is a blank-check company (SPAC) that raised $250M in its initial public offering on Sep 24, 2020, listing on Nasdaq Capital Market. It completed its business combination with Proterra Inc on Jun 14, 2021; the combined company is Proterra Inc (PTRA). Citigroup led the IPO, with Barclays. Kirkland & Ellis advised the SPAC and White & Case advised the underwriters on the IPO.
Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions for commercial applications. It is the target of a business combination with ArcLight Clean Transition Corp.
- Status
- Merger completed
- IPO date
- Sep 24, 2020
- IPO size
- $250M
- IPO exchange
- Nasdaq Capital Market
- Target
- Proterra Inc
- Announced
- Jan 12, 2021
- Closed
- Jun 14, 2021
- Combined company
- Proterra Inc (PTRA)
- SPAC counsel (IPO)
- Kirkland & Ellis and Maples and Calder
- Underwriters' counsel (IPO)
- White & Case
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Sep 24, 2020
- Deal announcement (8-K) Jan 12, 2021
- Press release
- All filings on EDGAR CIK 1820630
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