secwatch.observer — SEC 8-K summary
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Issuer:     Archer Aviation Inc. (ACHR)
CIK:        0001824502
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001628280-23-034727
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Archer Aviation issues 12.3M shares to Stellantis at $5.68 for $70M gross proceeds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824502/000162828023034727/0001628280-23-034727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824502/000162828023034727/achr-20231016.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034727

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