Proterra (PTRAQ) has released an update to notify the public and investors about a regulation fd disclosure.
Proterra Inc and its subsidiary, operating as debtors-in-possession, filed for Chapter 11 bankruptcy and have submitted multiple amended reorganization plans to the Bankruptcy Court, with the latest reflecting changes to third-party release provisions and stipulating that common stockholders will not recover investment post-bankruptcy. The company cautions that trading its stock is highly speculative and risky, as shares may become valueless after the bankruptcy process. The Amended Proposed Plan’s acceptance is uncertain and the disclosure statement is yet to be approved by the court.
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