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13 Jan
11:21

Proterra to go public with ArcLight merger

Electric vehicle (EV) technology developer Proterra is to list on the Nasdaq Stock Exchange following a merger with ArcLight Clean Transition Corp., Kallanish reports. In a statement published on Tuesday, Proterra announced its merger with special purpose acquisition company (SPAC) ArcLight, valuing the company at an initial enterprise value of $1.6 billion. Upon completion of the deal, Proterra stock is expected to trade on Nasdaq under the ticker symbol PTRA. An…
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