Benzinga | Jan 12, 2021 08:01AM EST

Proterra To Become Publicly Listed Through Transaction With ArcLight Clean Transition Corp.

BURLINGAME, Calif. and BOSTON, Jan. 12, 2021 /PRNewswire/ -- Proterra Inc (the "Company"), a leading innovator in commercial vehicle electrification technology, today announced that it will become publicly listed through a transaction with ArcLight Clean Transition Corp. (NASDAQ:ACTCU, ACTC and ACTW))))) ("ArcLight"), a publicly traded special purpose acquisition company. Upon closing, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The transaction represents an enterprise value of $1.6 billion for Proterra.