Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

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Proterra to Go Public via SPAC Merger

By
Ross Matican
· · Source: The Information

Electric bus maker Proterra announced Tuesday it will go public by merging with a special purpose acquisition company. When Proterra merges with ArcLight Clean Transition Corp., it will be valued at $1.6 billion. That compares to the $1.1 billion at which Proterra was valued in August 2019, data from PitchBook shows. The deal will leave Proterra with up to $825 million in cash to help the...

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