Proterra Files for Chapter 11, Offers Reorganization Plan

Proterra (PTRAQ) has released an update to notify the public and investors about a regulation fd disclosure.

Proterra Inc and its subsidiary filed for Chapter 11 bankruptcy and are operating as debtors-in-possession. They filed multiple amended reorganization plans, the latest being the Third Amended Joint Chapter 11 Plan with an associated disclosure statement. This plan outlines the reorganization terms and anticipates no recovery for common stockholders post-bankruptcy. The plan and statement were filed with the Bankruptcy Court and are included in their current report but are not considered filed under the Securities Exchange Act.

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