Archer Aviation raises $301.75M in direct offering of 35.5M shares at $8.50

Archer Aviation Inc.

Gross proceeds of $301.75M from sale of 35.5M shares of Class A common stock at $8.50 per share.
Offered to institutional investors under a securities purchase agreement dated February 11, 2025.
Offering made pursuant to shelf registration statement on Form S-3ASR (File No. 333-284812).
Proceeds net of placement fees and offering expenses; legal opinion from Fenwick & West LLP filed.

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