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PTRA News

Buy the Unit, Sell the News: Recent SPAC Merger Announcements Show Safety with Upside

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It's no wonder SPACs have become hedge funds' new favorite investment. Of the 178 SPACs that have announced merger agreements since 2018, the shares of 174 (98%) finished at or above the IPO price at the time of the announcement, with the worst performer...read more

US IPO Weekly Recap: Health and tech dominate the calendar in an 11 IPO week

GDRX

September activity remained high as 11 IPOs and eight SPACs went public this past week. The IPO market shows no signs of slowing with eight IPOs and 18 SPACS submitting initial filings. Prescription drug price comparison platform GoodRx...read more

Renewable energy SPAC ArcLight Clean Transition Corp. prices $250 million IPO at $10

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ArcLight Clean Transition Corp., a blank check company formed by ArcLight Capital Partners targeting a renewable energy business, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant,...read more

Renewable energy SPAC ArcLight Clean Transition lowers proposed deal size by 17% ahead of $250 million IPO

Proterra (ArcLight Clean Transition) logo

ArcLight Clean Transition Corp., a blank check company formed by ArcLight Capital Partners targeting a renewable energy business, lowered the proposed deal size for its upcoming IPO on Monday. The Boston, MA-based company now plans to raise $250 million by...read more