Return to Home

Proterra Inc.

PTRAQ

Find Out if You Qualify for a Financial Reward by filling out the form below.

Lead Plaintiff Deadline:
September 12, 2023

Days Left:
-393

calendar

Proterra Inc. Form












Securities Fraud News does not share your information with others. There is no cost or obligation for you to submit.

Allegations

According to the filed complaint, on March 15, 2023, Proterra announced their quarterly earnings. In that announcement, the Company stated they were in violation of a liquidity clause in their secured convertible notes and that they may have to qualify an audit report with a “going concern” clause. The financial issues stemmed from an increase in cash burn because of a decrease in gross margin and an increase in accounts receivable during the relevant quarter. In response to the announcement, Proterra’s stock price substantially dropped from $2.51 per share to $1.16 per share, eliminating approximately $118 million in market capitalization in one day. The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company repeatedly stated the $523 on their balance sheet meant the company had abundant liquidity and financial stability; and, (ii) the new factory in Greer, South Carolina would continue to improve production efficiency and gross margins.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Proterra purchased or acquired during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Proterra during the relevant time frame, you have until September 12, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Find More Cases

Ticker Symbol Company Name Join Deadline
CXM Sprinklr, Inc. October 15, 2024 Join
STLA Stellantis N.V. October 15, 2024 Join
SYM Symbotic Inc. October 15, 2024 Join
EXTR Extreme Networks, Inc. October 15, 2024 Join
PDD PDD Holdings Inc. f/k/a Pinduoduo Inc. October 15, 2024 Join
ARDX Ardelyx, Inc. October 15, 2024 Join
OFIX Orthofix Medical Inc. October 21, 2024 Join
DXCM DexCom, Inc. October 21, 2024 Join
SPIR Spire Global, Inc. October 21, 2024 Join
STM STMicroelectronics N.V. October 22, 2024 Join
DAVA Endava plc October 25, 2024 Join
MEI Methode Electronics, Inc. October 25, 2024 Join
SAGE Sage Therapeutics, Inc. October 28, 2024 Join
VERV Verve Therapeutics, Inc. October 28, 2024 Join
SBUX Starbucks Corporation October 28, 2024 Join
OM Outset Medical, Inc. October 28, 2024 Join
SMCI Super Micro Computer, Inc. October 29, 2024 Join
ZI ZoomInfo Technologies Inc. November 04, 2024 Join
WBTN WEBTOON Entertainment Inc. November 04, 2024 Join
GTLB GitLab Inc. November 04, 2024 Join
GTLB GitLab Inc. November 04, 2024 Join
AGEN Agenus Inc. November 05, 2024 Join
NFE New Fortress Energy Inc. November 18, 2024 Join
MGX Metagenomi, Inc. November 25, 2024 Join
BMBL Bumble Inc. November 25, 2024 Join