UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): January 22, 2024

Proterra Inc
(Exact name of registrant as specified in its charter)

Delaware	001-39546	90-2099565
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1815 Rollins Road Burlingame, California 94010
(Address of principal executive offices, including zip code)

(864) 438-0000
(Registrant’s Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange

on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

As previously disclosed, on August 7, 2023, Proterra Inc, a Delaware corporation (the “Company”), and its subsidiary Proterra Operating Company, Inc. (~~the “OpCo” and~~ collectively, the “Debtors”) filed voluntary petitions under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (such court, the “Bankruptcy Court” and such proceedings, the “Chapter 11 Cases”). The Chapter 11 Cases are currently jointly administered under the caption In re Proterra Inc, Case No. 23-11120 (BLS). The Debtors continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.

~~Monthly~~As ~~Operating~~previously ~~Reports~~disclosed, (i) on December 17, 2023, the Debtors filed the Joint Chapter 11 Plan of Reorganization for Proterra Inc and its Debtor Affiliate and a related proposed form of Disclosure Statement with the Bankruptcy Court, (ii) on January 2, 2024, the Debtors filed the First Amended Joint Chapter 11 Plan of Reorganization for Proterra Inc and its Debtor Affiliate and a related, amended proposed form of Disclosure Statement with the Bankruptcy Court and (iii) on January 15, 2024, the Debtors filed the Second Amended Joint Chapter 11 Plan of Reorganization for Proterra Inc and its Debtor Affiliate and a related, amended proposed form of Disclosure Statement with the Bankruptcy Court. On January 22, 2024, the Debtors filed the Third Amended Joint Chapter 11 Plan of Reorganization for Proterra Inc and its Debtor Affiliate (the “Amended Proposed Plan”) and a related, amended proposed form of Disclosure Statement (the “Amended Proposed Disclosure Statement”) with the Bankruptcy Court.

OnThe ~~January~~Amended ~~22,~~Proposed ~~2024,~~Plan ~~the~~has ~~Company~~been ~~filed~~updated ~~with~~to ~~the Bankruptcy Court its monthly operating report for the period ended December 31~~reflect, ~~2023~~among ~~(the “Company Monthly Operating Report”).~~other ~~On January 22~~terms, ~~2024,~~certain ~~OpCo~~changes ~~filed~~to ~~with~~third ~~the~~party ~~Bankruptcy~~release ~~Court~~provisions. ~~its~~The ~~monthly~~terms ~~operating~~of ~~report for~~ the ~~period~~Amended ~~ended~~Proposed ~~December~~Plan ~~31,~~continue ~~2023~~to ~~(the~~provide ~~“OpCo Monthly~~that ~~Operating~~holders ~~Report”~~of ~~and together with~~ the ~~Company Monthly Operating Report, the “Monthly Operating Reports”).~~ ~~The~~ Company’s ~~Monthly~~common ~~Operating~~stock ~~Report and the OpCo Monthly Operating Report are attached hereto as Exhibit 99.1 and 99.2, respectively. This Current Report on Form 8-K (including the exhibits hereto, the “Form 8-K”)~~ will not bereceive ~~deemed an admission as to the materiality of~~ any ~~herein.~~recovery ~~The Company previously disclosed in its Current Report~~ on ~~Form~~account ~~8-K~~of ~~filed~~those onshares ~~September~~following ~~21, 2023 that it was filing its monthly operating reports with~~ the ~~Bankruptcy~~conclusion ~~Court and that each such report would be available for review free~~ of ~~charge~~ ~~online~~the atChapter ~~https://www~~11 Cases.~~kccllc.net/proterra/document/list/5955.~~

~~The~~Copies ~~information contained in this Item 7.01 and in Exhibits 99.1 and 99.2 shall not be deemed to be “filed” for purposes~~ of ~~Section 18 of~~ the ~~Securities Exchange~~Amended ~~Act~~Proposed ofPlan ~~1934,~~and ~~as amended (~~the ~~“Exchange~~Amended ~~Act”),~~Proposed ~~or otherwise subject to the liabilities of that section, and~~Disclosure ~~shall~~Statement ~~not~~are beattached ~~deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933,~~ as ~~amended, or~~Exhibit ~~the~~99.1 ~~Exchange~~and ~~Act~~99.2, ~~whether made before or after the date hereof and regardless of any general incorporation language in such filings~~respectively, ~~except~~ to ~~the~~this ~~extent~~Current ~~expressly~~Report ~~set~~on ~~forth~~Form ~~by specific reference in such a filing~~8-K.

~~Cautionary~~Although the Debtors intend to pursue the objectives and the terms set forth in the Amended Proposed Plan and the Amended Proposed Disclosure Statement, ~~Regarding~~there can be no assurance that the Amended Proposed Plan will be approved by the ~~Monthly~~Bankruptcy ~~Operating~~Court ~~Reports~~or that the Debtors will be successful in consummating the transactions set forth in the Amended Proposed Plan or any similar transaction, on different terms or at all. Bankruptcy law does not permit solicitation of acceptances of a proposed Chapter 11 plan of reorganization until the Bankruptcy Court approves a disclosure statement relating to the Amended Proposed Plan. Accordingly, neither the Debtors’ filing of the Amended Proposed Plan and Amended Proposed Disclosure Statement, nor this Current Report on Form 8-K, is a solicitation of votes to accept or reject the Amended Proposed Plan. Any such solicitation will be made pursuant to and in accordance with applicable law, including orders of the Bankruptcy Court. The Amended Proposed Disclosure Statement is being submitted to the Bankruptcy Court for approval but has not been approved by the Bankruptcy Court to date.

~~The~~Information ~~Company cautions investors and potential investors not to place undue reliance upon the information~~ contained in the ~~Monthly~~Amended ~~Operating~~Proposed ~~Reports, which~~Plan ~~were~~and ~~not prepared for~~ the Amended ~~purpose~~Proposed ofDisclosure ~~providing~~Statement ~~the~~is ~~basis~~subject ~~for an investment decision relating~~ to ~~any of the securities of the Company. The Monthly Operating Reports are limited in scope~~change, ~~cover~~whether as a ~~limited~~result ~~time~~of ~~period,~~amendments ~~and~~or ~~have~~supplements ~~been~~to ~~prepared solely for~~ the ~~purpose~~Amended ~~of complying~~Proposed ~~with~~Plan ~~the reporting requirements of the Bankruptcy Court. The Monthly Operating Reports were not audited~~ or ~~reviewed~~Amended byProposed ~~independent~~Disclosure ~~accountants~~Statement, ~~were~~ ~~not~~third-party ~~prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”)~~actions, ~~are~~ inor ~~a format prescribed by applicable bankruptcy rules and guidelines~~otherwise, and ~~are~~should ~~subject~~not tobe ~~future~~relied ~~adjustment~~upon ~~and~~by ~~reconciliation.~~any ~~Furthermore,~~party. Such ~~the~~amendments ~~monthly~~and ~~financial~~supplements ~~information~~will ~~contained~~also inbe ~~the~~available ~~Monthly~~for ~~Operating Reports not been subjected to the same level of accounting~~ review ~~and~~ ~~testing that the Debtors apply when preparing their quarterly~~ and ~~annual~~free ~~consolidated~~of ~~financial~~charge ~~information~~online inat ~~accordance with GAAP~~www.kccllc.net/proterra. ~~Accordingly,~~Such ~~upon~~amendments ~~the~~and ~~application~~supplements ~~of such procedures, the Debtors believe that the financial information~~ may be ~~subject~~filed towith ~~change,~~the ~~and these~~Bankruptcy ~~changes~~Court ~~could~~without ~~be material. There can be no assurance that, from~~ the ~~perspective~~filing of an ~~investor~~accompanying orCurrent ~~potential~~Report ~~investor~~on ~~in the Company’s~~Form 8-K. The documents ~~securities,~~and ~~the~~other ~~Monthly~~information ~~Operating~~available ~~Reports~~via ~~are~~website ~~complete.~~or ~~Results~~elsewhere ~~and~~are ~~projections~~not ~~set~~part ~~forth~~of inthis ~~the~~Current ~~Monthly~~Report ~~Operating~~on ~~Reports~~Form 8-K and ~~should~~shall not be ~~viewed~~deemed incorporated ~~as indicative of future results~~herein.

~~Cautionary~~The ~~Statement~~information ~~Regarding~~contained in Item 7.01 and Exhibits 99.1 ~~Forward~~-~~Looking~~ ~~Information~~99.2 to this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any previous or future registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), unless specifically identified therein as being incorporated by reference.

~~This~~Cautionary ~~Form~~Note ~~8-K~~Regarding ~~and~~Trading the Monthly Operating Reports contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The Company’s actual results may differ materially from those anticipated in ~~these forward-looking statements as a result of certain risks and other factors, including risks and uncertainties relating to~~ the Company’s ~~Chapter~~ 11Common Cases. Many factors could cause actual future events to differ materially from the forward-looking statements in this Form 8-K and the Monthly Operating Reports, including risks and uncertainties set forth in the sections entitled “Risk Factors” in theStock

The Company’s ~~Annual~~stockholders ~~Report~~are ~~for~~cautioned ~~the~~that ~~year ended~~trading ~~December~~in ~~31,~~shares ~~2022, filed with the Securities and Exchange Commission (the “SEC”) on March 17, 2023, as amended~~of ~~on May 1, 2023,~~ the Company’s ~~quarterly~~common ~~report~~stock ~~for~~during the ~~three~~pendency ~~and~~of ~~nine months ended September 30, 2023, filed on November 6, 2023 or~~ the Company’s ~~other~~bankruptcy ~~filings~~proceedings ~~with~~will ~~the~~be ~~SEC.~~highly ~~The~~speculative ~~forward-looking~~and ~~statements~~will pose ~~included~~substantial inrisks. ~~this~~The ~~Form~~terms ~~8-K~~of ~~and~~ the ~~Monthly~~Amended ~~Operating Reports~~Proposed ~~speak~~Plan ~~only~~provide asthat holders of the ~~date~~Company’s ~~they~~common ~~are~~stock ~~made.~~will ~~Readers are cautioned~~ not toreceive any ~~put~~recovery ~~undue~~on ~~reliance~~account onof ~~forward-looking~~those ~~statements,~~shares ~~and~~following the ~~Company~~ ~~assumes~~conclusion noof ~~obligation~~the ~~and~~bankruptcy ~~does~~proceedings. ~~not~~As ~~intend to update or revise these forward-looking statements, whether as~~ a result ~~of new information~~, ~~future~~ ~~events,~~the orshares ~~otherwise. The Company does not give any assurance that it will achieve its expectations.~~

~~Item~~of 9common stock may have little or no value.01 -Trading ~~Financial~~prices ~~Statements~~for the Company’s common stock may bear little or no relation to the absence of any recovery by holders thereof in the Company’s bankruptcy proceedings. Accordingly, the Company urges extreme caution with respect to existing and ~~Exhibits~~future investments in its common stock.

~~(d)~~Cautionary ~~Exhibits.~~Note Regarding Forward-Looking Statements

Exhibit		Description
99.1		Monthly Operating Report of Proterra Inc for the period ended December 31, 2023 filed with the United States Bankruptcy Court for the District of Delaware.
99.2		Monthly Operating Report of Proterra Operating Company, Inc. for the period ended December 31, 2023 filed with the United States Bankruptcy Court for the District of Delaware.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

This Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The Company’s actual results may differ materially from those anticipated in these forward-looking statements as a result of certain risks and other factors, including risks and uncertainties relating to the Company’s Chapter 11 Cases. Many factors could cause actual future events to differ materially from the forward-looking statements in this Form 8-K, including risks and uncertainties set forth in the sections entitled “Risk Factors” in the Company’s Annual Report for the year ended December 31, 2022, filed with the Securities and Exchange Commission (the “SEC”) on March 17, 2023, as amended on May 1, 2023, the Company’s quarterly report for the three and nine months ended September 30, 2023, filed on November 6, 2023 or the Company’s other filings with the SEC. The forward-looking statements included in this Form 8-K speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.

~~SIGNATURES~~Item 9.01 Financial Statements and Exhibits

~~Pursuant~~(d) ~~to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~Exhibits.

Date: January 23, 2024

Exhibit		Description
99.1		Debtors’ Third Amended Proposed Joint Chapter 11 Plan of Reorganization For Proterra Inc and its Debtor Affiliate.

99.2		Debtors’ Third Amended Proposed Disclosure Statement for Debtors’ Third Amended Proposed Joint Chapter 11 Plan of Reorganization For Proterra Inc and its Debtor Affiliate.

104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

~~PROTERRA, INC. By: /s/ David S. Black Name: David S. Black Title: Chief Financial Officer~~SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 25, 2024

PROTERRA, INC.

By:	/s/ Gareth T. Joyce
	Name:	Gareth T. Joyce
	Title:	Chief Executive Officer

Filing Compare · Proterra Inc