{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-001334","form_type":"8-K","ticker":null,"cik":"0001820630","company_name":"Proterra Inc","filed_at":"2023-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.776597+00:00","generated_at":"2026-06-20T12:37:14.503930+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Proterra to cut ~25% of workforce (300 roles), close City of Industry plant by end of 2023","bullets":["Workforce reduction of approx. 25% affecting ~300 employees; separation benefits offered.","Closing City of Industry facility; transit bus production ends Q1 2023, battery by Q3 2023; vacate by end of 2023.","Estimated restructuring costs: $6M-$10M severance cash; $4M-$5M facility closure charges.","Manufacturing to consolidate into South Carolina facilities (Greenville, Greer) to improve efficiency.","CEO Gareth Joyce cites need for financial discipline toward sustainable growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-001334","json":"https://secwatch.observer/filing/0001628280-23-001334.json","markdown":"https://secwatch.observer/filing/0001628280-23-001334.md","text":"https://secwatch.observer/filing/0001628280-23-001334.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023001334/0001628280-23-001334-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023001334/ptra-20230113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T12:37:14.503930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cf8542d68acefe5c5a740c42cd8737a100b321d7","claim":"Proterra Inc announced a restructuring with charges of restructuring charges, of between $6 million and $10 million attributable to net cash payments primarily for severance benefits to employees, and $4 million to affecting City of Industry facility (approximately 300 employees).","evidence_excerpt":"Closure and Workforce Restructuring will not be known until all related activities have been completed. The Company currently expects to incur restructuring charges, of between $6 million and $10 million attributable to net cash payments primarily for severance benefits to employees, and $4 million to $5 million in facility closure costs primarily consisting of","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023001334/0001628280-23-001334-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"restructuring charges, of between $6 million and $10 million attributable to net cash payments primarily for severance benefits to employees, and $4 million to"},{"label":"Affected area","value":"City of Industry facility"},{"label":"Headcount","value":"approximately 300 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}