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good morning good evening good day wherever you may be hope you're having a good one i'm not sure this year kids and more kids problems and another problems but that navy blessed manufacturer proterra to go public through arch light spec ticker name actc in a 1.6 billion dollar spec deal proterra an electric bus and battery manufacturer expanding its commercial vehicles into commercial vehicles should say the merging work arch light clean transition corp you know you've seen this already but again we're gonna do more details later gotta get connected to the hospital and check on another one that's awesome to do back and forth for kids uh hospital hospital anyway this transaction would will generate 648 million dollars in cash with 415 million dollars in from additional investments it reached pretty good there you know apart from that going on there they have investors different investors investors from down marrow the trucking industry and franklin tim button fidelity management and funds management by black rock ticker blk uh after the merger will list with the symbol ticker ptr8 unless something changes sometime in 2021 um i think i put it off the piling form this will allow petra to help with their advancing e v technology the chairman and ceo jack allen says bringing the world's best performing commercial i mean you can bike and guess what it says they said vehicles to the market i didn't say that petrol shareholders agreed to convert 100 of their shares into the new company they were owned more than 60 percent of the new company when the deal is closed i'm going to read more on that one and look into that one there's some stuff another reaches right uh that was founded in 2004 including colorado engineer petrol has roughly 500 trans transit bushes buses deployed with 120 customers in the united states and kind of logging more than 14 million miles of service customers a picture and that they're there see thomas built bus manhood bus tech and optimal eve that's some of the ones that are running this stuff right now the vehicle produces zero tailpipe emissions and decreases dependencies on fossil fuels this is one of the biggest investments in climate change this is uh because it helped with chapman so p h a l r p h i t r y a my glasses on ain't gonna try to say that either i'm guessing i just don't think i misspelled it because you can't see it memory and memory does not help any more time oh you know time what time it is all right light clean transition court merged with the commercial ev maker proterra they should close in 2021.
so first half is what they're saying that could be changed though press release patera has produced and delivered more than 300 mega watt hours of battery systems more than 550 heavy duty electric transition bus and installed 54 megawatts of charging systems some of the stuff i've been working on not with them or somebody else yeah well right now i've been in the hospital my daughter and another everybody else seemed to go to hospital sometimes so they recently now announced the opening of the new battery production line company located in this electric transition bus manufacturer facility in los angeles county so you might want to look at them closer to the opening and expanding even without what they're doing patera expected revenue is of 193 million dollars in 2020 that's the revenue is 2020.
that one is there is 750 million dollars in existing owners and back loans and 6 26 gross margin expansion of the last three years so they want to see why they want to go public and the platform they got going for that bus is actually pretty genius but anyway if you haven't did a good day good evening good night or whatever it is there must occur mother's dad the sun and back to the hospital with my daughter so y'all have fun somebody does needs to more on this later there's a lot to put out on it when i get to know you'll have a wonderful day
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