ArcLight Clean Transition Corp.

Merged
CIK: 1820630•Ticker: ACTC•Merged Ticker: PTRA
Successfully merged with Proterra Inc • Now trading as PTRA

SPAC Overview

$250M
IPO Size
$278M
Trust (as of 2021-03-31)
Completed
Current Status
2020
IPO Year

Timeline Progress

About

ArcLight Clean Transition Corp. is a blank-check company formed to acquire an unidentified business, with a stated emphasis on companies enabling decarbonization and the transition to sustainable energy and natural resources. Its target areas include renewable power, storage, grid infrastructure, zero-emission transportation, renewable fuels, carbon capture and sustainable manufacturing.

Investment Focus

Renewable Energy, Energy, Infrastructure, Transportation, Industrial, Manufacturing

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Leadership

Daniel R. Revers
Chairman of the Board of Directors
John J. Allen
Chairman of the Board of Directors, Chairperson of the Board and Former President and Chief Executive Officer, Chairperson of the Board of Directors, Chief Executive Officer, President, President and Chief Executive Officer
Gareth T. Joyce
Chief Executive Officer, Director, President, President and Chief Executive Officer, President, Proterra Powered and Energy, Proterra Powered and Energy
Jake F. Erhard
Chief Executive Officer, Director, President
Ryan Popple
Director, Former Chief Executive Officer
Christopher L. Bailey
President, President, Proterra Powered & Energy, Proterra Powered & Energy
John Walsh
Chief Commercial Officer, Senior Vice President of Sales
Joshua P. Ensign
Chief Operating Officer, Former President, Proterra Transit
Kelly Scheib
Human Resources, Vice President
Richard Huibregtse
Engineering, Senior Vice President
Amy E. Ard
Chief Financial Officer, Former Chief Financial Officer
Andrew J. Cederoth
Former Interim Chief Financial Officer
Karina F. Padilla
Chief Financial Officer
Marco F. Gatti
Chief Financial Officer
Christine M. Miller
General Counsel
Dustin Grace
Chief Technology Officer
Joann Covington
Chief Legal Officer, Chief Legal Officer, Head of Government Relations and Secretary, Head of Government Relations, Secretary
Rick S. Knauth
Chief Operating Officer
Arno Harris
Director
Brian Goncher
Director
Brook F. Porter
Director
Constance Ellen Skidmore
Director
Ja-Chin Lee
Director
Jeannine P. Sargent
Director, Lead Independent Director
Joan Robinson-Berry
Director
Jochen M. Goetz
Director
John Frederick Erhard
Director
Mary L. Krakauer
Director
Michael David Smith
Director
Roger M. Nielsen
Director
Steven Berkenfeld
Director

Extended Team Information

The management team includes energy and private-equity professionals from ArcLight, with experience in energy finance, renewables, infrastructure, M&A and company operations. The sponsor’s operating partner CAMS is also expected to support target identification and diligence.

Key Information

IPO Date
September 24, 2020
Total Redemptions
$152K
PIPE
$415M
State of Incorporation
DE
SIC
6770
Completion Date
June 11, 2021
Merger Target
Proterra Inc
SPAC Ticker
ACTC
Merged Ticker
PTRA