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Proterra Inc. - $PTRAQ STOCK NEWS

Welcome to our dedicated page for Proterra news (Ticker: $PTRAQ), a resource for investors and traders seeking the latest updates and insights on Proterra stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Proterra's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Proterra's position in the market.

News
Proterra Receives Court Approval for Sale of Proterra Transit Business Line
Rhea-AI Summary
Proterra Inc (PTRAQ) has received approval from the U.S. Bankruptcy Court for the sale of its Proterra Transit business line to Phoenix Motor, Inc. This sale marks a significant development in the commercial vehicle electrification technology industry, positioning Proterra as a key player in the North American public transportation market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.13%
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News
Proterra Receives Court Approval for Sale of Proterra Powered Business Line
Rhea-AI Summary
Proterra Inc (OTC: PTRAQ) has received final approval for the sale of the Proterra Powered business line to Volvo Battery Solutions LLC and the sale of the Proterra Transit business line to Phoenix Motor, Inc. The sale of the Proterra Energy business line to a group of private funds controlled by Cowen Equity will be consummated through a Chapter 11 Plan of Reorganization upon exit from bankruptcy. The sale hearing for the Proterra Transit business line has been scheduled for December 12, 2023, and the transaction close date is expected to occur in Q1 of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Proterra Announces Results of Chapter 11 Sale of the Proterra Transit and Energy Business Lines
Rhea-AI Summary
Proterra Inc (OTC: PTRAQ) has announced that Phoenix Motor, Inc. and CSI GP I LLC, among others, have been selected as winning bidders to acquire the Proterra Transit and Proterra Energy business lines, respectively, through a Chapter 11 sales process. The acquisitions are subject to bankruptcy court and regulatory approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-44.29%
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none
News
Proterra Announces Results of Chapter 11 Sale of the Proterra Powered Business Line
Rhea-AI Summary
Proterra Inc (OTC: PTRAQ) has announced that Volvo Battery Solutions LLC is the winning bidder to acquire the Proterra Powered business line as part of the Chapter 11 sales process. The acquisition is subject to approval from the bankruptcy court and regulatory authorities. Proterra CEO Gareth Joyce expressed optimism about maximizing the potential of their product lines through this important step.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-56.67%
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Proterra Inc.

OTC:PTRAQ

PTRAQ Rankings

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PTRAQ Stock Data

2.75M
206.81M
1.53%
6.97%
8.49%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
Greenville

About PTRAQ

proterra is a leader in the design and manufacture of zero-emission heavy-duty vehicles, enabling bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to local communities across the united states. with more than 480 vehicles sold to 60 different municipal, university, airport and commercial transit agencies in 25 states, proterra is committed to providing state of the art, high performance vehicles to meet today’s growing market demand. the company’s configurable catalyst platform is capable of serving the full daily mileage needs of nearly every u.s. transit route on a single charge. with unmatched durability and energy efficiency based on rigorous u.s. certification testing, proterra products are proudly designed, engineered and manufactured in america, with offices in silicon valley, south carolina, and los angeles. for more information, visit: http://www.proterra.com and follow us on twitter @proterra_inc.