secwatch.observer — SEC 8-K summary
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Issuer:     Proterra Inc (—)
CIK:        0001820630
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0000950142-24-000649
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820630/000095014224000649/0000950142-24-000649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820630/000095014224000649/eh240455703_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-000649

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