Harsh Rungta was appointed as Senior Vice President, Finance and Chief Accounting Officer at Archer Aviation Inc..
“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.”
Governance Changes
Archer Aviation Inc.: Amended and restated Bylaws to add restrictions on voting, ownership and control by non-U.S. citizens to comply with federal law and DOT requirements (effective 2024-12-26).
“Effective December 26, 2024, the Company amended and restated its Amended and Restated Bylaws (as so amended and restated, the “Bylaws”) as previously approved by the Board earlier this year to provide limits of the voting, ownership and control of the Company by persons who do not meet the definition of “a citizen of the United States,” as such term is defined in 49 U.S.C. § 40102(a)(15) of Subtitle VII of Title 49 of the United States Code, as amended or interpreted by the Department of Transportation, its predecessors or successors, from time to time (“U.S. Citizen”) in order to comply with applicable U.S. law and related requirements of the U.S. Department of Transportation.”
Governance Changes
Archer Aviation Inc.: Filed Certificate of Amendment to Amended and Restated Certificate of Incorporation to implement modifications contemplated in Proposals 1 and 3 (effective 2024-12-26).
“On December 26, 2024, following the 2024 Special Meeting of Stockholders (the “Special Meeting”) of Archer Aviation Inc. (the “Company”) held on December 20, 2024, the Company filed a Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation (the "Certificate of Amendment") with the Secretary of State of the State of Delaware to further amend the Company’s Amended and Restated Certificate of Incorporation (the "Certificate of Incorporation") to address the modifications contemplated in Proposals 1 and 3 (as described in Item 5.07 below).”
Priya Gupta was appointed as acting Chief Financial Officer and acting principal financial officer at Archer Aviation Inc..
“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.”
Mark Mesler changed role as Chief Financial Officer at Archer Aviation Inc..
“Effective September 9, 2024, Archer Aviation Inc.’s (the “Company” or “Archer”) Chief Financial Officer, Mark Mesler, will take a temporary medical leave.”
Earnings Releases
Archer Aviation Inc. reported financial results for the first quarter ended March 31, 2024.
“On May 9, 2024, Archer Aviation Inc. (“Archer” or the “Company”) will hold a conference call regarding its financial results for the first quarter ended March 31, 2024.”
Eric Lentell was appointed as General Counsel at Archer Aviation Inc..
“Eric Lentell, the Company’s current Deputy General Counsel, will assume the role of General Counsel and lead the legal function going forward.”
Andy Missan changed role as Chief Legal Officer at Archer Aviation Inc..
“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.”
Thomas Muniz was appointed as Chief Technology Officer at Archer Aviation Inc..
“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.”
Earnings Releases
Archer Aviation Inc. reported financial results for fourth quarter and full year ended December 31, 2023.
“Archer Aviation Inc. (“Archer” or the “Company”) will hold a conference call regarding its financial results for the fourth quarter and full year ended December 31, 2023. Archer also issued a letter to its stockholders (the “Shareholder Letter”) and a press release (the “Press Release”) announcing its financial results for the fourth quarter and full year ended December 31, 2023.”
Earnings Releases
Archer Aviation Inc. reported financial results for third quarter ended September 30, 2023.
“On November 9, 2023, Archer Aviation Inc. (“Archer” or the “Company”) will hold a conference call regarding its financial results for the third quarter ended September 30, 2023. Archer also issued a letter to its stockholders (the “Shareholder Letter”) and a press release (the “Press Release”) announcing its financial results for the third quarter ended September 30, 2023.”
Debt Financings
Archer Aviation Inc. incurred credit facility of up to $65.0 million with Synovus Bank at SOFR, plus 2.00% subject to a SOFR floor of 0.00% maturing October 5, 2033.
“Pursuant to the Credit Agreement, the Company may request the Lenders to provide multiple delayed term loan advances (“Loans”) in an aggregate principal amount of up to $65.0 million for the construction and development of the Project, subject to certain limitations and requirements. The Loans under the Credit Agreement shall accrue interest from and”
Material Agreements
Archer Aviation Inc. entered into Design-Build Agreement with Evans General Contractors, LLC valued at guaranteed maximum price of approximately $54.4 million (effective 2023-10-03).
“On October 3, 2023, Archer Aviation Operating Corp., a Delaware corporation and wholly owned subsidiary of Archer Aviation Inc. (the “Company”), entered into a design-build agreement (the “Agreement”) with Evans General Contractors, LLC (the “Contractor”) relating to the design, coordination and build of the Company’s high-volume manufacturing facility in Covington, Georgia (the “Project”).”
Material Agreements
Archer Aviation Inc. entered into Credit Agreement with Synovus Bank valued at $65.0 million (effective 2023-10-05).
“On October 5, 2023, the Company entered into a credit agreement (the “Credit Agreement”), by and among the Company, as borrower, the Company’s wholly-owned domestic subsidiaries as guarantors, and Synovus Bank (“Synovus”), as administrative agent and lender, and the additional lenders from time to time party thereto (the “Lenders”).”
Material Agreements
Archer Aviation Inc. entered into Technology Collaboration and Dispute Resolution Agreement with The Boeing Company and Wisk Aero LLC valued at Autonomous flight collaboration, warrant issuance to Wisk, and litigation resolution (effective 2023-08-10).
“On August 10, 2023, the Company, The Boeing Company (“Boeing”) and Wisk Aero LLC (“Wisk”) entered into an agreement that provides for, among other things, certain investments by Boeing into the Company, an autonomous flight collaboration between the parties, the issuance of certain warrants to Wisk, and resolution of the federal and state court litigation between the parties (the “Agreement”).”
Material Agreements
Archer Aviation Inc. entered into Registration Rights Agreement with Investors valued at Registration rights for resale of Private Placement Shares and shares underlying Warrant (effective 2023-08-10).
“In connection with the Private Placement, the Company and the Investors also entered into a Registration Rights Agreement, dated as of August 10, 2023 (the “Registration Rights Agreement”), providing for the registration for resale of the Private Placement Shares and shares of Common Stock underlying the Warrant (as defined below).”
Material Agreements
Archer Aviation Inc. entered into Subscription Agreement with accredited investors valued at 26,173,286 shares of Class A common stock at $5.54 per share, gross proceeds approx. $145.0 million (effective 2023-08-10).
“On August 10, 2023, Archer Aviation Inc. (“Archer” or the “Company”) entered into subscription agreements (the “Subscription Agreements”) with certain accredited investors (the “Investors”) pursuant to which the Company agreed to sell and issue to the Investors in a private placement (the “Private Placement”) an aggregate of 26,173,286 shares (the “Private Placement Shares”) of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), at a purchase price of $5.54 per share (the “PIPE Share Price”).”
Shareholder Votes
Archer Aviation Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-23 meeting.
“Proposal 3: Ratification of Appointment of Independent Registered Public Accounting Firm. Votes For Votes Against Abstentions 467,790,722 379,417 133,096”
Shareholder Votes
Archer Aviation Inc. shareholders approved Approval of the issuance of Class A common stock pursuant to the Stellantis Forward Purchase Agreement and the Stellantis Warrant Agreement, in accordance with the listing rules of the New York Stock Exchange at the 2023-06-23 meeting.
“Proposal 2: Approval of the issuance of Class A common stock pursuant to the Stellantis Forward Purchase Agreement and the Stellantis Warrant Agreement, in accordance with the listing rules of the New York Stock Exchange. Votes For Votes Against Abstentions Broker Non-Votes 431,937,529 2,896,120 255,231 33,214,355”
Shareholder Votes
Archer Aviation Inc. shareholders approved Election of Directors at the 2023-06-23 meeting.
“Proposal 1: Election of Directors. Nominee Votes For Votes Withheld Broker Non-Votes Barbara Pilarski 420,455,688 14,633,192 33,214,355 Maria Pinelli 434,707,111 381,769 33,214,355 Michael Spellacy 422,908,953 12,179,927 33,214,355”
Earnings Releases
Archer Aviation Inc. reported financial results for the fourth quarter and full year ended December 31, 2022.
“On March 9, 2023, Archer Aviation Inc. (“Archer” or the “Company”) will hold a conference call regarding its financial results for the fourth quarter and full year ended December 31, 2022. Archer also issued a letter to its stockholders (the “Shareholder Letter”) and a press release (the “Press Release”) announcing its financial results for the fourth quarter and full year ended December 31, 2022.”
Governance Changes
Archer Aviation Inc.: Amended and restated bylaws to conform to DGCL amendments, universal proxy rules, and other changes (effective 2023-02-02).
“On February 2, 2023, in connection with the effectiveness of new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law (the “ DGCL ”), and a periodic review of the bylaws of Archer Aviation Inc. (the “ Company ”), the Company’s board of directors (the “ Board ”) approved and adopted the Company’s amended and restated bylaws (the “ Amended and Restated Bylaws ”), which became immediately effective.”
Material Agreements
Archer Aviation Inc. entered into Warrant Agreement with Stellantis N.V. valued at up to 15.0 million (effective 2023-01-03).
“the Company and Stellantis entered into a warrant to purchase Class A Shares of the Company (the “Warrant Agreement”), dated January 3, 2023, pursuant to which Stellantis is entitled to purchase up to 15.0 million”
Material Agreements
Archer Aviation Inc. entered into Forward Purchase Agreement with Stellantis N.V. valued at $150.0 million (effective 2023-01-03).
“the Company entered into a forward purchase agreement (the “Forward Purchase Agreement”) with Stellantis on January 3, 2023, pursuant to which the Company may elect, in the Company’s sole discretion, to issue and sell to Stellantis up to $150.0 million of shares (“Forward Purchase Shares”) of the Company’s Class A Common Stock”
Material Agreements
Archer Aviation Inc. entered into Manufacturing Collaboration Agreement with Stellantis N.V. (effective 2023-01-03).
“On January 3, 2023, Archer Aviation Inc. (the “Company”) entered into a Manufacturing Collaboration Agreement (the “Collaboration Agreement”) with Stellantis N.V. (“Stellantis”), pursuant to which the Company and Stellantis will collaborate on the development and implementation of the Company’s manufacturing operations for the production of its eVTOL aircraft products.”
Earnings Releases
Archer Aviation Inc. reported Q3 2022 results: net income $(91.0M).
“Q3 ’22 FINANCIAL HIGHLIGHTS Q3 2022 (GAAP) Q3 2022 (NON-GAAP) 1 TOTAL OPERATING EXPENSES $93.8M $61.1M NET LOSS $(91.0M) NA ADJUSTED EBITDA NA $(60.1M) CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS $600.6M NA”
Brett Adcock resigned as Director at Archer Aviation Inc..
“On May 9, 2022, the Board of Directors of Archer Aviation Inc. (the “Company”) received a letter from Mr. Brett Adcock resigning as a director of the Company, effective immediately.”
Adam Goldstein was named as Chief Executive Officer at Archer Aviation Inc..
“Adam Goldstein has been named the sole Chief Executive Officer of the Company.”
Brett Adcock departed as Co-Chief Executive Officer at Archer Aviation Inc..
“Brett Adcock, the Company’s Co-Founder and former Co-Chief Executive Officer, will remain on the Company’s Board of Directors. Mr. Adcock’s service as the Company’s Co-Chief Executive Officer ended effective April 13, 2022”
Brett Adcock resigned as Co-Chief Executive Officer at Archer Aviation Inc..
“Mr. Adcock's service as the Company's Co-Chief Executive Officer ended effective April 13, 2022.”
Adam Goldstein was named as Chief Executive Officer at Archer Aviation Inc..
“Adam Goldstein has been named the sole Chief Executive Officer of the Company.”
Barbara J. Pilarski was appointed as Director at Archer Aviation Inc..
“appointed Barbara J. Pilarski to fill the vacancy resulting therefrom, effective as of January 27, 2022.”
Mark Mesler was appointed as Chief Financial Officer at Archer Aviation Inc..
“the Company’s board of directors appointed Mark Mesler, age 53, to become the Company’s Chief Financial Officer ("CFO") effective February 7, 2022”
Ben Lu resigned as Chief Financial Officer at Archer Aviation Inc..
“Ben Lu and Archer have reached an agreement regarding Mr. Lu’s resignation from his position as the Company’s Chief Financial Officer effective on January 21, 2022”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.