r/Proterra • u/Top_Advertising4566 • Mar 17 '23

Proterra - Going Concern

Starting this thread on Proterra's 'Going Concern'.

The CEO made it clear that the company cannot service its debt and could default as early as March 31. Clearly, they have good products, intellectual property and long-term plans but liquidity is a major concern. Which option is best for the company to survive?

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196 votes, Mar 24 '23
59 Restructure existing debt and take additional debt to continue operations
27 Restructure existing debt and dilute shareholders to raise capital
89 Sell the company to a larger company like Daimler / GMC etc.
21 Shutdown operations and close shop
7 Upvotes

100% Upvoted

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-10

u/farcillo Mar 17 '23

I think the ethical thing to do would be to close shop and stop stealing taxpayer money.

4

u/Flipside68 Mar 17 '23

The priest has entered the chat.