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FTI Consulting serves as the financial advisor to Proterra, the electric vehicle parts supplier, that declared Chapter 11 on Aug. 7.
The Burlingame, CA company chalked up a $244M Q1 loss on $80M in revenues. With the reorganization, Proterra canceled its Aug. 9 earnings call.
CEO Gareth Joyce said while Proterra’s “best-in-class EV and battery technologies set an industry standard, we have faced various market and macroeconomic headwinds that have impacted our ability to efficiently scale all of our opportunities simultaneously.”
The Chapter 11 process will enable Proterra to separate each production line to maximize its independent potential, he said.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
