March 05, 2024
A Delaware bankruptcy judge on Tuesday approved the reorganization plan of commercial electric vehicle technology company Proterra, which entered Chapter 11 to overhaul nearly $200 million in funded debt, overruling a handful of remaining objections.
February 29, 2024
The Office of the U.S. Trustee objected Thursday to the Chapter 11 plan of electric bus maker Proterra Inc., saying it includes exculpation provisions that would cover actions after it emerges from bankruptcy, and interferes with the payment of required quarterly fees to the trustee's office.
January 23, 2024
A Delaware bankruptcy judge Tuesday told electric-bus maker Proterra Inc. it will need to give its shareholders the choice to opt into the third-party claims releases in its Chapter 11 plan, rather than require them to opt out.
January 08, 2024
A Delaware bankruptcy judge on Monday approved electric-bus maker Proterra Inc.'s plan to sell its manufacturing unit and battery leases to Phoenix Motor Inc. for $10 million, allowing the debtor to close the transaction this week and preserve jobs for some 300 workers.
November 28, 2023
A Delaware bankruptcy judge Tuesday gave electric-bus maker Proterra Inc. the go-ahead to sell its battery business to Volvo for $210 million after being told the bid was the best offer on the table.
November 27, 2023
Electric bus company Proterra told a Delaware bankruptcy court it is delaying a hearing on the sale of its bus-building business in the wake of complaints that its chosen buyer doesn't have the ability to fulfill its customer contracts.