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XL Fleet Expands XLP™ Plug-in Hybrid Electric Drive SystemXL Fleet Expands XLP™ Plug-in Hybrid Electric Drive System For Use in Multiple GM Fleet Applications The platform is expected to begin shipping on select configurations of the Chevrolet and GMC Silverado / Sierra 2500 HD and 3500 HD pickup trucks in the first quarter of 2021, and on Chevrolet and GMC 3500 and 4500 cutaway chassis in the second quarter of 2021. The Company’s newest product offering expands its growing lineup of plug-in hybrid electric drive systems, which can improve fuel economy by increasing miles per gallon by up to 50% and reducing CO2 emissions by approximately one-third compared to traditional gas-powered vehicles. XL’s ability to electrify a wide range of commercial applications from the world’s leading vehicle manufacturers allows us to immediately serve this market with proven, high performance vehicles that are already designed and specified for the rigorous duty cycles of fleets." By leveraging our experience with over 200 customers and utilizing proprietary data from nearly 140 million customer miles driven, we are uniquely positioned to quickly and efficiently develop solutions for applications with significant demand XL remains on track to complete its previously announced merger agreement with Pivotal Investment Corporation II (NYSE: PIC), a publicly traded special purpose acquisition company, in the fourth quarter of 2020. Upon closing, the combined company will be named XL Fleet Corp. and is expected to remain listed on the New York Stock Exchange under a new ticker symbol, "XL". finance.yahoo.com
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by AlenCiken
2
XL Fleet to List on NYSE Through Merger With Pivotal InvestmentXL Fleet, a Commercial Vehicle Electrification Solutions Leader, to List on NYSE Through Merger With Pivotal Investment Corporation • XL is a leading provider of electrified powertrain solutions for U.S. and Canadian commercial fleet vehicles built by Ford, Chevrolet, GMC, and Isuzu • Thousands of XL units already on the road and over 130 million miles driven by its more than 200 customers, including FedEx, The Coca-Cola Company, PepsiCo, Verizon, the City of Boston, Seattle Fire Department, Yale University, and Harvard University • XL has strong demand momentum with a $220 million 12-month sales pipeline and forecasted revenue of over $21 million in 2020 and $75 million in 2021 • Pro forma implied enterprise value of the combined company of $1 billion; combined company is expected to have approximately $350 million in net cash at closing, which includes an upsized $150 million fully committed PIPE backed by new and existing strategic and institutional investors • All XL shareholders, including Constellation Technology Ventures, and management will retain 100% of their equity in the combined company • Upon closing, the combined company will be named XL Fleet and is expected to remain listed on the New York Stock Exchange under a new ticker symbol, "XL", with an anticipated implied enterprise value of approximately $1 billion and no material debt expected to be outstanding. • The Company’s rapidly deployable technology solutions position it for long-term growth in a total addressable market that is greater than $1 trillion, which incorporates the money spent on energy consumption and vehicle costs for commercial fleets globally. • XL’s revenues are expected to more than triple in 2021, cementing its status as the leading provider of vehicle electrification solutions for commercial and municipal fleet vehicles." • Pivotal and XL Boards of Directors have unanimously approved the proposed merger and the related transactions, which are expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by Pivotal’s and XL’s stockholders of the proposed merger and satisfaction or waiver of other customary closing conditions. finance.yahoo.com
PLong
by AlenCiken
Momentus to Become Public Through Merger With SRACMomentus to Become Public Through Merger With Stable Road Acquisition Corp. Merger to create the first publicly traded space infrastructure company at the forefront of the new space economy Momentus partners and customers include SpaceX, Lockheed Martin, and NASA Combined company will have an estimated enterprise value of approximately $1.2 billion and will become listed on Nasdaq under the ticker symbol "MNTS" following expected transaction close in early 2021 Pro forma for the transaction, Momentus will have approximately $310 million in cash on the balance sheet, to be funded by Stable Road’s $172.5 million of cash held in trust (assuming no redemptions) and $175.0 million from a fully committed common stock PIPE at $10.00 per share, including investments from private equity growth investors, family offices and select top tier public institutional investors The current size of the global space economy is expected to grow from an estimated $415 billion to $1.4 trillion by 2030 driving demand for transportation and infrastructure services in space. finance.yahoo.com
SLong
by AlenCiken
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Record Date for Stockholders Eligible to Vote on MergerRMG Acquisition Corp. Announces Record Date for Stockholders Eligible to Vote on Merger ------------------------------------------------------------- • Announced that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation ("Romeo Power"). • On October 5, 2020, Romeo Power and the Company announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company. • A proxy statement, once final, will be mailed together with a proxy card to the Company’s stockholders. The final proxy statement will include the date, time and location of the special meeting. ----------------------------------------------------------------------------------------------------------- About Romeo Power Romeo Power, founded in 2016 in California by Michael Patterson, is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. finance.yahoo.com
RLong
by AlenCiken
Nuvve To Become Publicly Listed Company through NABC "Spac"1. Nuvve To Become Publicly Listed Company to Accelerate Worldwide Commercialization of Its Vehicle-to-Grid (V2G) Technology -------------------------------------------------------------------------------------------- Nuvve transforms electric vehicles into reliable, dispatchable and monetizable assets, which lowers the cost of electric vehicle (EV) ownership while supporting the integration of renewable energy for a scalable and sustainable green society. -- Company projects revenue growth to outpace the EV charging industry. -- Institutional investors commit to invest approximately $18 million in aggregate via a PIPE and bridge financing. TRANSACTION DETAIL: -Newborn is combining with Nuvve at a transaction value of approximately $102 million, subject to closing adjustments. - 10.17 million shares will be issued or reserved for issuance to existing Nuvve stockholders and option holders, based on a value of $10.00 per share. - Newborn has signed definitive agreements for the sale of approximately $14 million in equity to institutional investors in a PIPE. The PIPE investors will acquire Nuvve Holding shares at $10.00 per share. - For each share bought, the PIPE investors will receive 1.9 warrants; each whole warrant is exercisable for ½ of a Nuvve Holding share. The warrants are exercisable at $11.50 per whole share and have terms identical to the warrants that were sold as part of Newborn's IPO. - Nuvve also completed a $4 million bridge financing with an institutional investor in connection with the business combination. The investor in the bridge financing received a senior secured convertible debenture that will convert into equity immediately prior to the closing of the business combination. - pro forma equity value of the combined company will be approximately $202 million. - Pro forma net cash available to Nuvve at closing after estimated fees and expenses is expected to be approximately $70 million, made up of approximately $57.5 million in Newborn's trust account (assuming no redemptions), net proceeds of $18 million PIPE and bridge financing, and cash on Nuvve's balance sheet. - Assuming no debt outstanding, the combined company's pro forma enterprise value is expected to be approximately $132 million. Proceeds from the transaction will be used for general working capital, growth purposes and retirement of 0.6 million shares from legacy Nuvve shareholders. - Existing Nuvve stockholders have agreed to a one-year lock-up from merger close, subject to a partial release if after the 6 month anniversary of the merger close the VWAP of the Nuvve Holding shares is at or above $12.50 for 20 out of any 30 consecutive trading days. - Existing Nuvve stockholders will also be entitled to receive an earnout of 4 million newly issued Nuvve Holding shares if Nuvve's 2021 revenue exceeds $30 million as reported in its 2021 audited financial statements. - It is currently anticipated that the business combination will close in the first quarter of 2021. 2. V2G technology leader and leading electric heavy-duty vehicle manufacturer partner to provide V2G-enabled electric school buses and trucks -------------------------------------------------------------------------------------------- collaboration on launching vehicle-to-grid (V2G) technology as a standard feature of their zero-emission school buses. Lion's buses and Nuvve's V2G technology will be fully integrated, which will enable the batteries of Lion vehicles to dynamically store and discharge energy when plugged in and controlled by Nuvve's software platform. finance.yahoo.com finance.yahoo.com
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by AlenCiken
GLJ Research Upgrades US Steel (X) to BuyGLJ Research analyst Gordon Johnson upgraded US Steel (NYSE: X) from Hold to Buy with a price target of $17.30. -Foreseeing a revival of car demand in the U.S., and a revival of "high-end auto steel markets" alongside it, GLJ says it is currently seeing the "most bullish setup we've seen for the US steel sector since mid-2019. -Global steel prices surging, This is happening at the same time as the U.S. steel market is enduring "acute shortages" in supply. -GLJ sees "massive ... liquidity" from government stimulus efforts, and more coming down the pike from a "stimulus-friendly Biden Administration." - In GLJ's view, U.S. Steel, which cost $11 and change yesterday could conceivably soar as high as $17.30 over the next 12 months www.fool.com www.streetinsider.com
NYSE:X
by AlenCiken
OPTT Expands Commercial Team With Southern Europe-Based RepOPTT Expands Commercial Team With Southern Europe-Based Representative - Jorge Franco has joined the Company as Regional Sales Representative based in Spain. - Southern Europe offers opportunities for OPT’s offshore power and communications solutions, particularly in the oil and gas industry - Jorge has significant relationships within leading companies operating in the region, and we believe his experience will be beneficial to serving OPT’s existing and prospective customers. - He has more than 20 years of experience in multinational technical companies selling products and services for offshore operations finance.yahoo.com
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by AlenCiken
Ideanomics Increases Its Stake in e-Tractor Company Solectrac- Electric tractors are poised to disrupt the $75 billion global agricultural tractor industry NEW YORK, Nov. 23, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million. This additional investment reflects investment interest in Solectrac by ESG funds which is expected to close in the coming weeks. As a reminder, on October 22, 2020, the Company announced that it acquired 14.7% of Solectrac, Inc. for the consideration of $1.3 million. Since this announcement, Solectrac experienced an increase in product and investment inquiries. This recent investment increases Ideanomics ownership to 24%, which will reduce to approximately 22% post-money once the additional third-party investment is finalized. The new investment by Ideanomics allows Ideanomics to increase its share of ownership sufficiently to recognize its stake in Solectrac under the equity method for US GAAP accounting purposes. We believe Solectrac has enormous potential and, given the uptick in both product inquiries and investment interest they are seeing, we exercised our rights to increase our stake so we can help Solectrac scale to meet anticipated market demand ," said Alf Poor, CEO of Ideanomics. Solectrac develops, assembles and distributes 100% battery-powered electric tractors—an alternative to diesel tractors—for agriculture and utility operations. finance.yahoo.com
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by AlenCiken
DPW Shares rises on Plan to Put EV Chargers at Fast-Food OutletsDPW Holdings’ Coolisys® Power Electronics Business to Test ACECool™ EV Chargers Targeting National Fast-Food Franchise Networks ("Coolisys®"), has established a program targeting both national and regional fast-food franchisees to install the ACECool™ electric vehicle ("EV") chargers as a part of a revenue sharing program. The program initially will be funded from the Company’s recent capital raising activities. The program is expected to be launched in California, Nevada and Canada. While the Company is excited about Coolisys’ new franchise program, there is no assurance that the program will be successful. the program will allow franchise owners and operators to install the ACECool™ EV chargers and share in the net revenue from advertising and network usage. Coolisys expects to launch its program with a national fast-food network franchisee that forms a part of a network with over 1,000 locations. Coolisys expects to announce other network partners in the first quarter of 2021. Global EV sales rose a dramatic 65% from 2017 to 2018, for a total of 2.1 million vehicles, with sales figures steady through 2019. EV demand is again expected to rise according to a study by Bloomberg New Energy Finance, which sees improved batteries, more readily available charging infrastructure, new markets and price parity with internal combustion engine vehicles as the major growth drivers. finance.yahoo.com
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by AlenCiken
Arrival to list on NASDAQ through merger with CIIG Merger Corp.-Arrival, the company creating electric vehicles (“EVs”) with its game-changing technologies, has entered into a definitive business combination agreement with CIIG Merger Corp. (NASDAQ: CIIC); and the newly combined company will be listed on the NASDAQ under the new ticker symbol “ARVL” -The transaction values the combined company at an enterprise value of US $5.4 billion and is expected to provide approximately US $660 million in gross cash proceeds to the Company. -As part of the transaction, CIIG raised a US $400 million fully committed common stock PIPE that was anchored by Fidelity Management & Research Company LLC, Wellington Management, BNP Paribas Asset Management Energy Transition Fund, and funds and accounts managed by BlackRock -Arrival is producing EVs competitive in price with fossil fuel alternatives and substantially lower than comparable EVs -Arrival has developed a new method of designing and producing zero-emission vehicles using its proprietary hardware, software and robotics technologies and low cost Microfactories -Arrival has signed contracts with total order value up to US $1.2 billion and its first products are planned for production in Q4 2021 -Arrival has previously received investment from strategic partners Hyundai, Kia, UPS, Winter Capital, and funds and accounts managed by BlackRock -The combined company will add Peter Cuneo, CIIG’s Chairman and CEO, as Non-Executive Chairman to its post-closing Board of Directors www.globenewswire.com
CLong
by AlenCiken
5
$AMGN - NR Picks Nov 22Amgen se dedica a descubrir, desarrollar, fabricar y ofrecer terapias humanas en todo el mundo. Se centra en las áreas de inflamación, oncología / hematología, salud ósea, enfermedades cardiovasculares, nefrología y neurociencia. La compañía tuvo una reacción positiva a inicios de mes cuando presentó una actualización de su fármaco para la psoriasis, durante el mes el precio de la acción fue cayendo hasta estar cerca a los niveles pre-reacción. Este retroceso se ve como una oportunidad para Amgen , recordemos que esta compañía es una de las mas importantes del sector. Creemos que el interés de los inversores durante el mes ha cambiado a compañías que están brindando actualizaciones sobre el desarrollo de la vacuna contra el COVID-19.
NASDAQ:AMGNLong
by NewroadTrader
Butterfly Network to merge with SPAC Longview in $1.5 billionButterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview Acquisition Corp. Butterfly iQ is the only ultrasound transducer that can perform "whole-body imaging" with a single handheld probe using semiconductor technology. Connected to a mobile phone or tablet, it is powered by Butterfly's proprietary Ultrasound-on-Chip™ technology and harnesses the advantages of AI to deliver advanced imaging that we believe is easy-to-use, improves patient outcomes and lowers cost of care. - The Pro Forma enterprise value of the merger is $1.5 billion, with the combined company expected to have an estimated $584 million in cash after closing. - 100% of the equity of existing Butterfly Network investors, including Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited, will convert into shares of the combined company. There will be no selling stockholders in the transaction. - The business combination is expected to be completed by the end of the first quarter of 2021, and the combined company will be listed on the NYSE under ticker symbol "BFLY." finance.yahoo.com
LLong
by AlenCiken
Luminar has struck a deal with Mobileye, an Intel company!Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, which is currently in the process of becoming a public company through its expected merger with Gores Metropoulos, Inc. (Nasdaq: GMHI, GMHIU, GMHIW), a special purpose acquisition company, has struck a deal with Mobileye, an Intel company, to supply Luminar lidar for the company’s Autonomous Vehicle (AV) Series solution in its next phase of driverless car development and testing. As part of the agreement, Mobileye will collaborate with Luminar to use its lidar for the first generation of its level 4 Mobility-as-a-Service (MaaS) pilot and driverless fleet in key markets around the world Luminar’s technology will be used to enable Mobileye’s TRUE REDUNDANCY™ solution which is uniquely comprised of multiple self-contained sensor systems to enable uncompromised safety and validation for level 4 driving. By processing completely independent streams of data from 360-surround view cameras, lidar, and radar, the solution ensures significantly greater perception accuracy and eliminates the impact of disruptions to an individual sensor. Austin Russell, Founder and CEO of Luminar Technologies said that“Mobileye disrupted the auto industry to become the undisputed king of ADAS, and with the right partner is uniquely positioned to enable autonomy at an unprecedented scale.” “After collaborating with Mobileye for over a year, we’re excited to formalize this deal and work towards a shared vision of making autonomy safe and ubiquitous.” Luminar has secured a total of 50 commercial partners across passenger vehicle, trucking, and robo-taxi verticals, representing approximately 75% of major players in the targeted customer ecosystem. Luminar’s accelerating commercial traction has resulted in opportunities to convert 12 of its OEM programs and engagements from development stage into production. Key 2020 achievements across its three key verticals include: Passenger Vehicle – Luminar has secured the industry’s first series production deal for consumer vehicles starting in 2022. Luminar remains on schedule with the first Iris sensors now running live on vehicles. Luminar is partnered with seven of the top 10 largest automakers at various development stages, with timelines to series production landing between 2022-2025. Trucking – Luminar is partnered with the largest global truck OEM to commercialize Level 4 autonomous trucks for long-haul highway use cases; Luminar is now also powering all other major autonomous trucking programs globally. Mobility-as-a-service – Luminar is now working with a number of major next-generation autonomous robo-taxi programs, with particular focus on those closer to series production, including Mobileye’s internal Mobility-as-a-Service program. www.businesswire.com
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by AlenCiken
8
3 Reasons Why You Should TradeNow before I started, you may have thought my top reasons were probably things like: You can trade anywhere, you can do it anytime, and you will have a lot of free time and money. Yes, all of these are good reasons, but I wanted to give you my top three reasons why I think that you should trade. Reason Number Three: Trading Can Make You Money & Money Buys Happiness I’m a firm believer that money CAN buy happiness. Now, I know that this is controversial because people say, “Money can’t buy you happiness.” Based on my experience, they are wrong. I will prove it to you. If you’re an avid reader of this blog, a subscriber to my YouTube channel, or are a member of Rockwell Trading, you know I’m always about the facts. I have multiple trading accounts, and recently I was trading a small account live on my YouTube channel using a trading strategy called The Wheel. Many of you are already trading this strategy as well. On this account up to this point, I have made $3,204, in a month. Even though this isn’t my main account, and is one of my smaller ones, $3,200 is not too bad. Let me prove to you how money can buy happiness. Let me ask you, do know somebody who is in a tough spot right now with everything that we have going on in the world? Do you know someone who got laid off and couldn’t pay their rent? Someone who got sick and couldn’t afford to buy the needed medication? What about somebody whose car broke down, and didn’t have money to fix it making transportation difficult? So so let me ask you this. What if you could have given them $3,204? Do you think that this could have changed that person’s life? Making $3,000 for me is nice, but it doesn’t change my life. But maybe you know somebody whose life we can change with this. Very recently, I decided to give away that month’s worth of profits to a few people in need. I had our members and viewers nominate someone they knew, who was currently having a tough time. We received so many applications, and I reviewed the (heart-wrenching) submissions. I picked the two candidates who I felt could use it the most, and I split the profits from this trading account and sent them a check. It helped them out a great deal, and it meant the world to them. So for me, this was very solid proof that money CAN buy happiness, and can change your life for the better. I believe we have a responsibility to make more money to help not just ourselves, but others. Money buys happiness and this is why I will keep doing it. I’m doing this information out there because I want you to succeed. I want you to make money to give back. There are so many people in need that you could help. Here is an example of one of the nominations for the recipient of the trading profits we gave away. This nominee is a single mother of four children. Her son had a needed surgery a while back and she got stuck with a $9,000 bill. She’s getting garnished for this by taking $150 from each of her paychecks. She’s a nursing assistant and doesn’t receive all that much. She wasn’t one of the recipients that I chose as the final two, but I decided to send her the money that she needed anyway. Now doesn’t have to worry about her paychecks getting garnished for a whole year. Here is an email that I received over the weekend, and it’s from a man named Robert, and it read, “Markus, thank you for being you, brother! Could go into a long story about how ironic it is that I’ve been a Rockwell member for almost four years and finally started applying your trading rules in August of 2020, and had one of my best months ever." "But that’s not what this is all about. I would like to donate an additional $300 to whoever you decide to give the money to. I feel very blessed and just want to pay it forward. Let me know the best method to get the money to you." "Thanks for your persistence and all you do.” Why I’m showing you this e-mail? This is exactly what happens when we start making money together. I know that people are probably telling you, “You can’t make money with trading.” Well, you know what? Prove them wrong. You can make money with trading. Is it easy? No, because you need three things: You need the right strategy, the right tools, and the right mindset. Together we can make a difference Money buys happiness. I believe we have a moral obligation to make as much money as we possibly can to be like Robert. I know that many of you are already donating. I mean, you have told me in these emails and I’m so, so proud of you for what you’re doing already. Together we can make a difference. This is what this blog is all about, and this is what this message is all about.
NASDAQ:TSLA
by rockwelltrading
3
The inescapable Financial Collapse; A 4-Dimensional analysisThis is the SP500 / Gold / the US Dollar / a G10 Composite Currency Index / Time / Price, all of it, all at once! - Lets call it: Universal Value. - Shall we... This is a 2-Dimensional projection (being on a flat computer screen, after all :-) of a 3-Dimensional "Slice" of a 4-Dimensional space. - So try to visualize it. (Not as difficult as it first may seem.) Envision a box with only 4 sides - i.e.: a tunnel - which constitutes the entire Universe, in which everything exists, and the only option for interaction with said universe is to twist the walls freely, into any desired configuration, along the tunnel's principal axis - in this case the horizontal, Time axis. This is a broad-strokes, yet, reasonably accurate depiction of the concept of: Value. - In this case, projected onto the SP500 Index. "How does one escape such a tunnel where one's options are duly limited (mathematically and physically) to only twist the walls of such a tunnel?" - You ask... It is literarily impossible, so good luck with that! Thus, cheer on, trade the hell out of it and take every last fool for everything they got! (Then run. :-) ... and just in case: There is no "Plan B"! Here is a likely better - not "shifted" - view, ... ... of the "financial Universe" projected onto the SP500.
TVC:SPXShort
by Nemo_Confidat
18