ArcLight Clean Transition shareholders are set to vote June 11 on the SPAC’s proposed merger with electric bus maker Proterra.
Announced in January, the deal is set to value Proterra at $1.6 billion after closing. The SEC declared the prospectus effective last month.
Proterra would gain $648 million in cash from the merger, including $278 million held in trust by ArcLight and a $415 million PIPE. Read more.
