Proterra Intends To Continue To Operate In The Ordinary Course Of Business As It Moves Through Chapter 11 Reorganization Process
Portfolio Pulse from Benzinga Newsdesk
Proterra, a leading innovator in commercial vehicle electrification technology, has announced its intention to continue operating in the ordinary course of business as it moves through the Chapter 11 reorganization process.
August 07, 2023 | 9:39 pm
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Proterra's announcement of its Chapter 11 reorganization may cause uncertainty among investors, potentially impacting the company's stock price.
Chapter 11 reorganization often leads to investor uncertainty as it indicates financial distress. This could lead to a sell-off of the company's stock, causing the price to drop in the short term. However, Proterra's intention to continue normal operations may mitigate some of this impact.
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