ACTCU
ArcLight Clean Transition Corp. Unit
stock NASDAQ

" Boston, Massachusetts, Nov. 10, 2020 **(**[GLOBE NEWSWIRE](https://www.globenewswire.com/news-release/2020/11/10/2124167/0/en/ArcLight-Clean-Transition-Corp-Announces-the-Separate-Trading-of-its-Class-A-Ordinary-Shares-and-Warrants-Commencing-November-13-2020.html)**) --** ArcLight Clean Transition Corp. (Nasdaq: ACTCU) (the “Company”) announced today that, commencing November 13, 2020, holders of the units sold in the Company’s initial public offering of 25,000,000 units, completed on September 25, 2020, and the subsequent sale of an additional 2,750,000 units upon partial-exercise of the underwriters’ over-allotment option, on September 29, 2020,  may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “ACTCU,” and the Class A ordinary shares and warrants that are separated will trade on the Nasdaq under the symbols “ACTC” and “ACTCW,” respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants."
[https://www.globenewswire.com/news-release/2020/11/10/2124167/0/en/ArcLight-Clean-Transition-Corp-Announces-the-Separate-Trading-of-its-Class-A-Ordinary-Shares-and-Warrants-Commencing-November-13-2020.html](https://www.globenewswire.com/news-release/2020/11/10/2124167/0/en/ArcLight-Clean-Transition-Corp-Announces-the-Separate-Trading-of-its-Class-A-Ordinary-Shares-and-Warrants-Commencing-November-13-2020.html)   
" **Each Unit consists of one Class A ordinary share**, $0.0001 par value per share (the “Class A Ordinary Shares”), **and one-half of one redeemable warrant** (the “Public Warrants”), **each whole Public Warrant entitling the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share.** The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $250,000,000. "
[https://www.sec.gov/Archives/edgar/data/1820630/000121390020028725/ea127471-8k\_arclightclean.htm](https://www.sec.gov/Archives/edgar/data/1820630/000121390020028725/ea127471-8k_arclightclean.htm)
" On September 29, 2020, the Company issued an additional 2,750,000 units (the “Over-Allotment Units”) pursuant to the partial exercise by the underwriters of their over-allotment option in connection with the IPO. The Over-Allotment Units were priced at $10.00 per unit, generating total gross proceeds of $27,500,000. Concurrently, the Sponsor also purchased an additional 550,000 private placement warrants for $550,000. Of the proceeds received from the consummation of the IPO, the private placement purchases by the Sponsor and the sale of the Over-Allotment Units, **$277,750,000** (or $10.00 per unit sold in the public offering) **was deposited in the Company’s trust account.** "
[https://www.sec.gov/Archives/edgar/data/1820630/000121390020029517/ea127535-8k\_arclightclean.htm](https://www.sec.gov/Archives/edgar/data/1820630/000121390020029517/ea127535-8k_arclightclean.htm)
" 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. 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. "
Prospectus:
[https://www.sec.gov/Archives/edgar/data/1820630/000121390020028262/f424b40920\_arclight.htm](https://www.sec.gov/Archives/edgar/data/1820630/000121390020028262/f424b40920_arclight.htm)