Archer Aviation issues 17.4M shares to Stellantis for $55M gross proceeds

Archer Aviation Inc.

Drew remaining $55.0M under Forward Purchase Agreement with Stellantis dated Jan 3, 2023.
Issued 17,401,153 shares of Class A common stock at $3.16071 per share on July 1, 2024.
Issuance exempt from registration under Section 4(a)(2) of the Securities Act.
Proceeds support general corporate purposes; Stellantis is existing strategic partner.

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