1 unchanged sentence
Market Information for Common Stock
−Removed: Upon the closing of the Business Combination on September 17, 2021, our Class A common stock and warrants began trading on the New York Stock Exchange under the symbols “ACHR” and “ACHR WS.”
+Added: Following the closing of the Business Combination, our Class A common stock and warrants began trading on the New York Stock Exchange under the symbols “ACHR” and “ACHR WS” on September 17, 2021.
Our Class B common stock is not listed or traded on any stock exchange.
Holders of Record
−Removed: As of January 31, 2022, there were 104 stockholders of record of our Class A common stock and 36 stockholders of record of our Class B common stock.
+Added: As of March 3, 2023, there were 137 stockholders of record of our Class A common stock and 10 stockholders of record of our Class B common stock.
The actual number of holders of our Class A and Class B common stock is greater than the number of record holders and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers or other nominees.
4 unchanged sentences
Any decision to declare and pay dividends in the future will be made at the sole discretion of our board of directors and will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our board of directors may deem relevant.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: The information required by this item is incorporated herein by reference to our Proxy Statement with respect to our 2022 Annual Meeting of Stockholders to be filed with the SEC within 120 days of the end of the fiscal year covered by this Annual Report.
Sales of Unregistered Securities
+Added: On June 17, 2022, we issued 91,667 warrants in a private placement pursuant to Section 4(a)(2) of the Securities Act.
+Added: These warrants have an exercise price of $0.01 per share in exchange for shares of our Class A common stock.
Use of Proceeds
9 unchanged sentences
After deducting payments to existing Atlas unit holders of $242.2 million in connection with their exercise of redemption rights, the remainder of the trust account totaling $257.6 million is now held on our balance sheet to fund our operations and continued growth.
−Removed: The Business Combination generated $857.6 million in gross cash proceeds to Archer, inclusive of $600.0 million in proceeds from the PIPE Financing and $257.6 million transferred from the trust account.
−Removed: Total direct and incremental
−Removed: transaction costs aggregated $81.8 million, of which $10.9 million were expensed as part of the Business Combination, $55.8 million were recorded to APIC as equity issuance costs, and the remaining $15.1 million was settled through the issuance of shares of New Archer Class A common stock.
+Added: The Business Combination generated $857.6 million in gross cash proceeds to Archer, inclusive of $600.0 million in proceeds from a private placement (the “PIPE Financing”) and $257.6 million transferred from the trust account.
+Added: Total direct and incremental transaction costs aggregated $81.8 million, of which $10.9 million was expensed as part of the Business Combination, $55.8 million was recorded to additional paid-in capital as equity issuance costs, and the remaining $15.1 million was settled through the issuance of shares of New Archer Class A common stock.
+Added: Table of Content s
+Added: There has been no material change in the planned use of proceeds noted above from those disclosed in the final prospectus (File No.
+Added: 333-254007), dated August 11, 2021, which was declared effective by the SEC on August 11, 2021.
Issuer Purchases of Equity Securities
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.