{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-008535","form_type":"8-K","ticker":null,"cik":"0001820630","company_name":"Proterra Inc","filed_at":"2023-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.777730+00:00","generated_at":"2026-06-17T23:07:48.290621+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Proterra agrees to amend $150M Cowen notes: extends maturity to 2028, 12% coupon, lower conversion prices","bullets":["Binding letter of intent with Cowen parties to amend $150M convertible notes; maturity extended to Aug 2028.","Interest rate increased to 12% (5% cash, 7% PIK); PIK default rate 9%.","Minimum liquidity covenant waived through May 2024; $125M minimum liquidity required.","Waived going concern qualification requirement for FY2022 and FY2023 audit opinions.","Conversion prices set at $4, $5, $6 per share; mandatory conversion triggers at VWAP of $15 or $12."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-008535","json":"https://secwatch.observer/filing/0001628280-23-008535.json","markdown":"https://secwatch.observer/filing/0001628280-23-008535.md","text":"https://secwatch.observer/filing/0001628280-23-008535.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023008535/0001628280-23-008535-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023008535/ptra-20230319.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T23:07:48.290621+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":"c20707b72946151ad5056a17019228912999cafd","claim":"Proterra Inc incurred convertible notes of $200 million with CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP at 12.0% per annum, consisting of 5.0% in cash and 7.0% payment-in-kind maturing August 4, 2028.","evidence_excerpt":"party thereto and CSI GP I LLC, as collateral agent (the “Collateral Agent”) pursuant to which secured convertible promissory notes in the initial aggregate principal amount of $200 million were issued (the “Existing Notes”), as well as the amendment of certain provisions to the Existing Notes held by the Cowen Parties in the aggregate principal amount of $150","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023008535/0001628280-23-008535-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP"},{"label":"Rate","value":"12.0% per annum, consisting of 5.0% in cash and 7.0% payment-in-kind"},{"label":"Maturity","value":"August 4, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"92efb95c0e9f25b79cc9601870308d5ed1e365dd","claim":"Proterra Inc amended Binding Letter of Intent with CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP (collectively, the \"Cowen Parties\") valued at $150 million (effective 2023-03-19).","evidence_excerpt":"On March 19, 2023, Proterra Operating Company, Inc. (“Proterra OpCo”), a wholly owned subsidiary of Proterra Inc (the “Company” or “Proterra”) entered into a binding letter of intent (the “Binding Letter of Intent”) with CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC and CSI PRTA Co-Investment LP (collectively, the “Cowen Parties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820630/000162828023008535/0001628280-23-008535-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP (collectively, the \"Cowen Parties\")"},{"label":"Value","value":"$150 million"},{"label":"Effective","value":"2023-03-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}