---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-000649"
form_type: "8-K"
ticker: null
cik: "0001820630"
company_name: "Proterra Inc"
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:43:27.487986+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Bankruptcy court confirms Proterra's reorganization plan; common stock canceled, SEC reporting to cease

## Summary
- Court confirmed Fifth Amended Joint Chapter 11 Plan on March 6, 2024; existing equity interests canceled with no distribution.
- Second Lien Convertible Noteholders to receive ~1,000,000 shares of New Common Stock; other classes paid in cash or reinstated.
- Company intends to file Form 15 to deregister common stock and immediately suspend all SEC reporting obligations.
- As of March 7, 2024, Proterra had 228,167,279 shares outstanding; all to be canceled upon emergence.
- New Common Stock not expected to be listed on any exchange; equity holders receive no recovery.

## SEC filing metadata
- accession: 0000950142-24-000649
- form_type: 8-K
- cik: 0001820630
- company_name: Proterra Inc
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820630/000095014224000649/0000950142-24-000649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820630/000095014224000649/eh240455703_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-000649
- JSON: https://secwatch.observer/filing/0000950142-24-000649.json
- Plain text: https://secwatch.observer/filing/0000950142-24-000649.txt

## Key facts
- Distress & Bankruptcy
  Proterra Inc entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-08-07).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-08-07
  source text: As previously reported, on August 7, 2023, Proterra Inc (the "Company"), and its subsidiary Proterra Operating Company, Inc. ("OpCo" and, collectively, the "Debtors") filed voluntary petitions under Chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (such court, the "Bankruptcy Court" and such proceedings, the "Chapter 11 Cases"). The Chapter 11 Cases were currently jointly administered under the caption In re Proterra Inc, Case No. 23-11120 (BLS).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820630/000095014224000649/0000950142-24-000649-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.