3 Firms Guide Proterra's $1.6B Go-Public Deal

Law360 (January 12, 2021, 5:03 PM EST) -- Electric bus manufacturer Proterra said Tuesday it's going public through a merger with blank-check company ArcLight in a deal valued at $1.6 billion and led by Latham & Watkins LLP, Fenwick & West LLP and Kirkland & Ellis LLP.

Burlingame, California-based Proterra Inc. said in a joint statement with ArcLight Clean Transition Corp. that the deal will deliver about $648 million when it closes, giving the business up to $825 million in total cash to help fund its growth, research and development and improve battery performance.

"This transaction enables Proterra to take the next step towards our mission of advancing [electric...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!