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    PTRA   US74374T1097

PROTERRA INC.

(PTRA)
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PROTERRA INC : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

10/12/2021 | 05:17pm EST

Item 7.01 Regulation FD Disclosure.


On October 12, 2021, Proterra Inc, a Delaware corporation (the "Company"),
issued a press release announcing the "Redemption Fair Market Value" in
connection with its previously announced redemption of its outstanding warrants.
A copy of the press release is furnished as Exhibit 99.1 hereto and is
incorporated herein by reference.
On September 27, 2021, the Company announced it was redeeming all of its
outstanding public warrants (the "Public Warrants") and private placement
warrants (the "Private Placement Warrants" and, together with the Public
Warrants, the "Warrants") to purchase shares of the Company's common stock (the
"Common Stock") that are governed by the Amended and Restated Warrant Agreement,
dated June 14, 2021, by and among the Company, Computershare Trust Company,
N.A., a federally chartered trust company, and Computershare Inc., a Delaware
corporation (collectively, "Computershare"), as warrant agent and transfer agent
(the "Warrant Agreement"). In connection with the redemption, Computershare
previously delivered a redemption notice (the "Redemption Notice") on the
Company's behalf, and the Company committed to inform holders of Warrants of the
calculation of the Redemption Fair Market Value (as defined in the Warrant
Agreement). The Redemption Notice was previously filed as Exhibit 99.2 to the
Company's Current Report on Form 8-K filed on September 27, 2021.
Further to the above, Computershare, in its capacity as warrant agent, has
delivered a notice (the "Redemption Fair Market Value Notice") to each of the
registered holders of the outstanding Warrants on behalf of the Company
informing holders:
a.that the Redemption Fair Market Value is $9.8542; and
b.as a result, holders who exercise their Warrants on "cashless basis" will be
entitled to receive 0.253 shares of Common Stock per Warrant.
A copy of the Redemption Fair Market Value Notice delivered by Computershare on
behalf of the Company is furnished as Exhibit 99.2 hereto and is incorporated
herein by reference. None of this Current Report on Form 8-K, the press release
attached hereto as Exhibit 99.1 nor the Redemption Fair Market Value Notice
attached hereto as Exhibit 99.2 constitutes an offer to sell or the solicitation
of an offer to buy any Company securities, and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offering, solicitation or
sale would be unlawful.
The information in this Current Report and Exhibits 99.1 and 99.2 attached
hereto shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by
reference in any filing under the Securities Act of 1933 as amended (the
"Securities Act"), except as shall be expressly set forth by specific reference
in such a filing.


Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number                   Exhibit Description
99.1                               Press Release, dated October 12, 2021
99.2                               Redemption Fair Market Value Notice, dated October 12, 2021
104                              Inline XBRL for the cover page of this Current Report on Form 8-K.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 242 M - -
Net income 2021 -180 M - -
Net cash 2021 556 M - -
P/E ratio 2021 -9,43x
Yield 2021 -
Capitalization 2 059 M 2 059 M -
EV / Sales 2021 6,21x
EV / Sales 2022 4,05x
Nbr of Employees 816
Free-Float 94,5%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 9,43 $
Average target price 13,25 $
Spread / Average Target 40,5%
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Managers and Directors
Jack J. Allen Chairman & Chief Executive Officer
Gareth T. Joyce President
Andrew J. Cederoth Chief Financial Officer
Dustin Grace Chief Technology Officer
Richard Huibregtse Senior Vice President-Engineering
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