other material
confidence high
sentiment neutral
materiality 0.55
Archer Aviation issues 12.3M shares to Stellantis at $5.68 for $70M gross proceeds
Archer Aviation Inc.
- Issued 12,313,234 shares of Class A common stock to Stellantis N.V. on October 16, 2023.
- Price per share $5.68; gross proceeds approximately $70 million.
- Drawdown under Milestone 2 of Forward Purchase Agreement dated January 3, 2023.
- Issuance exempt from registration under Section 4(a)(2) of the Securities Act of 1933.