ArcLight Clean Transition Corp.
General Information | |
Business: | We are a newly organized 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 (the International Energy Agency). 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 (“ArcLight”), one of the leading private equity firms focused on energy infrastructure investments in North America. Since inception, ArcLight has been at the forefront of the energy transition, investing $23 billion in 110 platform investments across the energy infrastructure landscape, including approximately 5 gigawatts of renewable generation as well as critical assets within the U.S. electric grid. |
Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2020 |
Contact Information | |
Address | 200 Clarendon Street, 55th Floor Boston, Massachusetts 02116 |
Phone Number | 617-531-6300 |
Web Address | |
View Prospectus: | ArcLight Clean Transition Corp. |
Financial Information | |
Market Cap | $375.0mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | ACTCU |
Exchange | NASDAQ |
Shares (millions): | 25.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $250.0 mil |
Manager / Joint Managers | Citigroup/ Barclays |
CO-Managers | |
Expected To Trade: | 9/23/2020 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |