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:
-253

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
EVLV Evolv Technologies Holdings, Inc. May 24, 2024 Join
BLUE bluebird bio, Inc. May 28, 2024 Join
LUNA Luna Innovations Incorporated May 31, 2024 Join
HRT HireRight Holdings Corporation June 03, 2024 Join
VFS VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. June 11, 2024 Join
QDEL QuidelOrtho Corporation f/k/a Quidel Corporation June 11, 2024 Join
PERI Perion Network Ltd. June 17, 2024 Join
ASTS AST SpaceMobile, Inc. June 17, 2024 Join
RIVN Rivian Automotive, Inc. June 18, 2024 Join
SHCR Sharecare, Inc. June 18, 2024 Join
SHCR Sharecare, Inc. June 18, 2024 Join
GDRX GoodRx Holdings, Inc. June 21, 2024 Join
LNC Lincoln National Corporation June 24, 2024 Join
CMP Compass Minerals International, Inc. June 24, 2024 Join
ADSK Autodesk, Inc. June 24, 2024 Join
AKRO Akero Therapeutics, Inc. June 25, 2024 Join
MBUU Malibu Boats, Inc. June 28, 2024 Join
GL Globe Life Inc. f/k/a Torchmark Corporation July 01, 2024 Join
EQIX Equinix, Inc. July 01, 2024 Join
ALT Altimmune, Inc. July 05, 2024 Join
AXTI AXT, Inc. July 05, 2024 Join
LI Li Auto Inc. July 09, 2024 Join
SPT Sprout Social, Inc. July 12, 2024 Join
NARI Inari Medical, Inc. July 12, 2024 Join
UNH UnitedHealth Group Inc. July 15, 2024 Join
TDOC Teladoc Health, Inc. July 16, 2024 Join