Archer Aviation Announces Combination With Atlas Crest Investment | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.15.24

Airborne-NextGen-07.16.24

Airborne-Unlimited-07.17.24

Airborne-FlightTraining-07.11.24

Airborne-Unlimited-07.12.24

Mon, Sep 27, 2021

Archer Aviation Announces Combination With Atlas Crest Investment

Archer Has Become A Publicly Traded Company

Archer Aviation has closed its business combination with Atlas Crest Investment. Atlas Crest has now changed its name to “Archer Aviation Inc.” after the completion of the transaction.

Archer’s common stock and warrants will commence trading on the New York Stock Exchange on September 17, 2021, under the ticker symbols “ACHR” and “ACHR WS”, respectively.

“Completing our go-public transaction and having Archer trade on the New York Stock Exchange is a huge milestone for our business. This is the culmination of a lot of hard work by the great team we have at Archer, but it is also the beginning of the next phase of our development and growth,” said Brett Adcock, co-founder and co-CEO of Archer.

“We are working to build an urban air mobility network that can change the way people travel in and around cities forever. We believe we have the team, the technology and the strategic partners to make our vision a reality,” said Adam Goldstein, co-founder and co-CEO of Archer.

Michael Spellacy, CEO of Atlas Crest, added, “We are pleased to have reached this important milestone in closing our transaction with Archer. With the proceeds from this transaction, Archer is entering the public markets from a position of financial and competitive strength to accomplish their mission of revolutionizing the future of urban transportation.”

This Business Combination will help to fund Archer's vision of bringing an electric vertical takeoff and landing vehicle to market and launching an urban air mobility network. The Combination has  generated approximately $857.6 million of gross proceeds, including $600 million of proceeds from the PIPE.

FMI: www.archer.com

Advertisement

More News

Airborne-Flight Training 07.11.24: Alabama Av HS, Med Certs, Diamond-Turkish A/L

Also: College Internship, Pilots Request Mediation, RAA Speaks Up, New iPad Organizer UAS4STEM is an Academy of Model Aeronautics (AMA) sanctioned competition for students aged 11 >[...]

Aero-News: Quote of the Day (07.16.24)

“Imagine being able to fly from San Francisco to San Diego, Boston to Baltimore, or Nashville to New Orleans without the need to go to an airport and with no emissions except>[...]

ANN's Daily Aero-Term (07.16.24): Charted Visual Flight Procedure Approach

Charted Visual Flight Procedure Approach An approach conducted while operating on an instrument flight rules (IFR) flight plan which authorizes the pilot of an aircraft to proceed >[...]

ANN's Daily Aero-Linx (07.16.24)

Aero Linx: The Bellanca-Champion Club The Bellanca-Champion Club welcomes all owners, pilots, and enthusiasts. Whether you're a Bellanca owner or not, we invite you to join us. The>[...]

Airborne 07.10.24: Starship 5, Bahama$$$, Dillingham Airfield Saved

Also: USCG MH-60T Crew Save, Second Las Vegas Airport, CAF PT-19, Diamond-Turkish Airlines SpaceX’s Starship will launch in four weeks according to SpaceX founder and CEO Elo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC