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...
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