Archer completes first phase of Hawthorne Airport acquisition, gains control of LA real estate

Archer Aviation Inc.

Acquired master lease from City of Hawthorne and associated subleases, gaining control of 80-acre airport real estate.
Airport near LAX, SoFi Stadium, Intuit Dome; to serve as hub for LA air taxi network and LA28 Olympics.
Second phase planned for 2026 to acquire FBO and passenger terminal for full operational control.
Filed prospectus for resale of 1.17M shares issued for Overair intellectual property acquisition.

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