Archer Aviation to issue up to $5M in Class A common stock for legal services

Archer Aviation Inc.

Up to $5,000,000 of Class A common stock to be issued to a service provider for services rendered.
Legal fee and retainer letter signed on September 16, 2024, triggering the Vendor Shares arrangement.
Number of shares determined by 5-day VWAP ending on last trading day before each payment date.
Issuance under effective shelf registration (Form S-3, File 333-279289); Fenwick & West opinion filed.
Shares will be issued in satisfaction of payment; total issuance limited to $5M.

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