Archer raises $430M in equity and partners with Anduril for military VTOL aircraft

Archer Aviation Inc.

Raised $430M in private placement at $6.65/sh; $5M subject to stockholder approval; total capital nearly $2B.
Investors include Stellantis, United Airlines, Wellington Management, and Abu Dhabi's 2PointZero.
Exclusive partnership with Anduril to develop hybrid VTOL aircraft targeting a U.S. DoD program of record.
Archer Defense led by Joseph Pantalone (ex-Lockheed Martin/Sikorsky); initial term through May 2026.
Cash and equivalents at Q3'24 were $502M; company says well-capitalized with no near-term financing needs.

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