Archer raises $650M equity, posts Q3 net loss of $129.9M, acquires Hawthorne Airport for $126M

Archer Aviation Inc.

Registered direct offering of 81.25M shares at $8.00 for $650M gross proceeds; expected close Nov 10.
Q3 net loss $129.9M ($0.20 loss per share); adjusted EBITDA loss $116.1M; operating expenses $174.8M.
Cash & short-term investments $1,641.3M; Q4 2025 adjusted EBITDA guidance loss $110-140M.
Signed definitive agreement to acquire Hawthorne Airport for $126M; $171M of offering proceeds allocated.
Midnight aircraft flew >50 miles, >10,000 ft; partnerships with Korean Air and Soracle (Japan) announced.

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