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Market Information for Common Stock
−Removed: 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.
−Removed: Our Class B common stock is not listed or traded on any stock exchange.
+Added: Our Class A common stock and warrants trade on the New York Stock Exchange under the symbols “ACHR” and “ACHR WS”.
Holders of Record
−Removed: As of February 23, 2024, there were 121 stockholders of record of our Class A common stock and 7 stockholders of record of our Class B common stock.
−Removed: 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.
+Added: As of February 21, 2025, there were 64 stockholders of record of our Class A common stock.
+Added: There are no stockholders of record of our Class B common stock following the automatic conversion of all shares of our Class B common stock into shares of Class A common stock effective December 31, 2024 pursuant to the terms of our amended and restated certificate of incorporation.
+Added: The actual number of holders of our Class A 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.
The number of holders of record presented here also does not include stockholders whose shares may be held in trust by other entities.
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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: Sales of Unregistered Securities
+Added: Stock Performance Graph
+Added: This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of Archer Aviation Inc.
+Added: under the Securities Act, or the Exchange Act.
+Added: The returns shown are based on historical results and are not intended to suggest future performance.
+Added: The following graph compares the cumulative total stockholder return of our Class A common stock of $100 invested in our Class A common stock as of September 16, 2021, the Closing Date of the Business Combination, through December 31, 2024 to the Russell 2000 Index and S&P Aerospace & Defense Select Industry Index.
+Added: Recent Sales of Unregistered Securities
Use of Proceeds
−Removed: On October 30, 2020, Atlas consummated its initial public offering of 50,000,000 units.
−Removed: The units were sold at a price of $10.00 per unit, generating total gross proceeds of $500.0 million from the initial public offering.
−Removed: The securities sold in the offering were registered under the Securities Act on a registration statement on Form S-1 (No.
−Removed: The registration statement became effective on October 27, 2020.
−Removed: Simultaneously with the consummation of the initial public offering, Atlas consummated the sale of 8,000,000 private placement warrants, at a price of $1.50 per warrant, to the Sponsor, generating gross proceeds to Atlas of $12.0 million.
−Removed: Such securities were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
−Removed: Atlas incurred $10.5 million in offering costs for its initial public offering including $10.0 million of underwriting fees and $0.5 million of other costs.
−Removed: Following the initial public offering and the sale of the private placement warrants, a total of $500.0 million was deposited into the trust account for the purpose of effecting an initial business combination.
−Removed: As of August 5, 2021, the record date of the Business Combination, there was $500.1 million held in the trust account.
−Removed: 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 a private placement (the “PIPE Financing”) and $257.6 million transferred from the trust account.
−Removed: 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.
−Removed: There has been no material change in the planned use of proceeds noted above from those disclosed in the final prospectus (File No.
−Removed: 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.