Archer Aviation's Class B stock auto-converts to Class A as 10% threshold triggered

Archer Aviation Inc.

On Dec 31, 2024, all outstanding Class B Common Stock automatically converted to Class A Common Stock because Class B shares fell below 10% of total outstanding shares.
Former Class B shares (10 votes each) became Class A shares (1 vote each); dual-class voting structure eliminated.
Outstanding options and RSUs previously denominated in Class B now represent rights to receive Class A shares.
No new shares issued; total share count unchanged but all shares now have equal voting rights.

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