Harsh Rungta
On March 31, 2025, Archer Aviation Inc. (the “Company”) announced the appointment of Harsh Rungta as its Senior Vice President, Finance and Chief Accounting Officer, effective immediately.
Highest-materiality recent filing
Archer Aviation files prospectus for 3.27M resale shares; to issue up to $8M vendor stock on May 19
On May 14, 2026, filed prospectus supplement for resale of 3,266,870 shares of Class A common stock issued under stock purchase agreements dated May 13.
Archer Q1 2026: record FAA cert progress, ~$1.8B cash, but no revenue or EPS disclosed
First eVTOL company to close Phase 3 of FAA's 4-phase Type Certification process for Midnight aircraft.
Archer Aviation chief administrative officer Tosha Perkins transitions to senior advisor role
Tosha Perkins steps down as CAO and becomes senior advisor effective April 17, 2026.
Counterclaim in NDCA alleges unfair competition and false advertising by Joby.
Archer files for resale of 5.3M shares and vendor share issuance up to $8M
Filed prospectus supplement for resale of 5,325,440 Class A common shares held by selling stockholders.
Archer Q4/FY2025: FAA 100% Means of Compliance accepted; liquidity ~$2B
Ended FY 2025 with ~$2.0B liquidity, a record; met Adjusted EBITDA loss guidance.
Filed on Feb 23, 2026 in Eastern District of Texas alleging Vertical's Valo aircraft infringes multiple Archer patents.
Archer Aviation files motion to dismiss lawsuit filed by Joby Aero
On January 23, 2026, Archer filed a motion to dismiss the complaint previously disclosed on November 21, 2025.
Archer Aviation files resale registration for 341,984 shares issued in business acquisition
Filed prospectus supplement for resale of 341,984 Class A shares issued to selling stockholders.
Archer completes first phase of Hawthorne Airport acquisition, gains control of LA real estate
Acquired master lease from City of Hawthorne and associated subleases, gaining control of 80-acre airport real estate.
Exclusive access to Karem's tiltrotor technology validated by U.S. Army for Archer's next-gen hybrid VTOL aircraft.
Archer issues 1.5M shares to licensor under license agreement
Issued 1,517,618 shares of Class A common stock on Nov 26, 2025, to a Licensor under a license agreement dated Nov 24, 2025.
Joby sues Archer for trade-secret misappropriation over hiring of former Joby employee
Joby Aero filed complaint on Nov 18, 2025 in Santa Cruz County Superior Court against Archer and one employee.
Archer files prospectus for resale of 1.1M shares issued under stock retainer agreement
Prospectus supplement filed Nov. 19, 2025, covers resale of 1,095,321 shares of Class A common stock.
Acquisition of Master Lease (through 2055) and Subleases at Hawthorne Airport for $126M in cash; closing expected by end of 2025.
Archer raises $650M equity, posts Q3 net loss of $129.9M, acquires Hawthorne Airport for $126M
Registered direct offering of 81.25M shares at $8.00 for $650M gross proceeds; expected close Nov 10.
Archer wins bid to acquire Lilium's eVTOL patent portfolio for €18M
Acquires ~300 patent assets covering ducted fans, battery management, flight controls, high-voltage systems.
Archer Q2 net loss $206M, cash $1.72B; manufacturing ramp to 6 Midnight aircraft
Net loss $206M, adj. EBITDA loss $118.7M; total operating expenses $176.1M.
Eric Lentell promoted to Chief Legal & Strategy Officer; Aaron Goodman appointed General Counsel and Corporate Secretary.
CFO Mark Mesler steps down effective July 7, 2025; Priya Gupta continues as CFO
Mesler had been on medical leave since September 2024; departure now effective.
Deborah Diaz and Fred Diaz elected Class I directors until 2028 with 81% and 89% of votes cast, respectively.
Gross proceeds $850M from 85M shares at $10.00/share; expected close June 16, 2025.
Archer Aviation named exclusive air taxi provider for LA28 Olympic Games and Team USA
Partnership includes transporting VIPs, fans, and stakeholders using Archer’s Midnight eVTOL aircraft during the 2028 Games.
Archer Q1 net loss $93.4M, cash $1.03B; UAE Midnight delivery planned for summer
Net loss of $93.4M; Adjusted EBITDA loss of $109.0M; cash and equivalents $1.03B as of March 31.
Archer Aviation appoints Harsh Rungta as SVP Finance and Chief Accounting Officer
Harsh Rungta appointed SVP Finance and Chief Accounting Officer, effective March 31, 2025.
Archer Q4 net loss $198M; starts Midnight production, Abu Dhabi first commercialization customer
Q4 GAAP net loss $198.1M; FY2024 net loss $536.8M; Adjusted EBITDA -$94.8M in Q4.
Archer raises $301.75M equity offering; Q4 non-GAAP op ex guidance reaffirmed
Issued 35.5M shares at $8.50/share for gross proceeds of $301.75M; net proceeds ~$289.8M.
Archer Aviation raises $301.75M in direct offering of 35.5M shares at $8.50
Gross proceeds of $301.75M from sale of 35.5M shares of Class A common stock at $8.50 per share.
Archer Aviation's Class B stock auto-converts to Class A as 10% threshold triggered
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.
Stockholders approved increase in authorized Class A common stock from 700M to 1.4B shares (587.9M for, 17.0M against).
Archer raises $430M in equity and partners with Anduril for military VTOL aircraft
Raised $430M in private placement at $6.65/sh; $5M subject to stockholder approval; total capital nearly $2B.
Archer Aviation Q3 cash over $500M, GAAP net loss $115.3M; order book reaches $6B+
Cash and cash equivalents finish Q3 at $501.7M; quarterly spend nearly flat vs Q2.
Stellantis commits up to ~$400M: ~$372M in manufacturing labor and up to ~$20M in initial capex.
Archer Aviation to issue up to $5M in Class A common stock for legal services
Up to $5,000,000 of Class A common stock to be issued to a service provider for services rendered.
Archer CFO on medical leave; court orders Wisk warrant exercisable, ~$11,913/day interest
CFO Mark Mesler takes temporary medical leave effective Sep 9, 2024; expected return Q1 2025.
Archer raises $175M PIPE at $3.35/sh; Stellantis commits up to $400M for manufacturing
Raised $175M from institutional investors and $55M from Stellantis (July 1) for total $230M since Q2 end.
Archer Aviation corrects charter amendment error; required vote not obtained
Charter amendment filed June 24 to add officer exculpation provisions; filed Certificate of Correction July 5.
Archer Aviation issues 17.4M shares to Stellantis for $55M gross proceeds
Drew remaining $55.0M under Forward Purchase Agreement with Stellantis dated Jan 3, 2023.
Stockholders approved certificate amendment to add officer exculpation under Delaware law (440.3M for, 23.9M against).
Archer Q1 net loss $116.5M; 100+ flights, Midnight closing on transition milestone
GAAP net loss $116.5M; adj. EBITDA -$86.8M; total operating expenses $142.2M ($89.1M non-GAAP).
Archer Aviation appoints Thomas Muniz as CTO, Andy Missan transitions to Senior Advisor
Thomas Muniz, formerly COO, becomes Chief Technology Officer effective March 25, 2024, reporting to CEO.
Ended FY2023 with ~$625M liquidity; Q4 net loss $109.1M, non-GAAP adj. EBITDA -$85.2M.
On March 31, 2025, Archer Aviation Inc. (the “Company”) announced the appointment of Harsh Rungta as its Senior Vice President, Finance and Chief Accounting Officer, effective immediately.
Effective September 9, 2024, Archer Aviation Inc.’s (the “Company” or “Archer”) Chief Financial Officer, Mark Mesler, will take a temporary medical leave.
During Mr. Mesler’s leave, Priya Gupta, age 41, the Company’s Vice President of Finance, will serve as its acting Chief Financial Officer and acting principal financial officer.
Effective March 25, 2024, Thomas Muniz, formerly Archer Aviation Inc.’s (the “Company”) Chief Operating Officer, transitioned to serving as the Company’s Chief Technology Officer.
Effective March 28, 2024, Andy Missan transitioned from his role as Chief Legal Officer of the Company to serving as a Senior Advisor to the CEO for an initial term of one year.
Eric Lentell, the Company’s current Deputy General Counsel, will assume the role of General Counsel and lead the legal function going forward.
Max materiality 0.90 · Median 0.65 · Most common event other_material