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Proterra announced last week that it plans to go public through a merger with a special-purpose acquisition company, or SPAC, called ArcLight Clean Transition. The deal is expected to close in the first half of 2021, subject to approval from ArcLight’s shareholders, according to a statement. The company’s shares are expected to trade on the Nasdaq.
Representatives from the Biden transition team and Proterra did not respond to a request for comment. No matter when Granholm ultimately decides to divest, she has agreed to recuse herself from any matters that she knows involve Proterra for the first year after she is confirmed.
Tech RIDE - Lordstown Motors is a better EV company IMO, just saying
Tech This is a fair and healthy criticism.
Clickbait! Do better
Michigan hates this woman
Fix your headline before you stir up controversy
Makes her money off energy products
Tech You’re creating controversy. She’s disclosed all of this and is resigning from the board and will sell her stock.
So she is financially smart and able to buy stock, I bought stock too👏🏽👏🏽👏🏽👏🏽.
The department of energy is about a lot more than just electricity, they actually run the nuclear strategy of the country. Plus, isn't it better that she has familiarity with the subjects she will be leading and advocating for rather than none or worse, a disdain for them?
An expert in a field is bound this have investments in it.