Archer Aviation To Be Public Company On September 17th Electric Aircraft developer Archer Aviation is now set to become a public company on September 17th. With the news of a merger between Archer and Atlas Crest Investment Corp being successful, this paves the way for the Initial Public Offering (IPO) to occur on the aforementioned date. It wouldn't be the first electric aircraft company to go public. In fact, the most recent one was Joby Aviation which mounted a 2 billion dollar IPO.
After a unanimous 96% vote for Archer and Atlas Crest investment to merge coming up on the September 17th Archer is set to become a publicly traded company. The merger known as the 'Business Combination' will have generated significant finance. The Business Combination will generate approximately $857.6 million of gross proceeds, including $600 million of proceeds from the PIPE. The combined company with Archer Aviation will now be known as Archer Aviation Inc. "Archer Aviation Inc." and its common stock and warrants are expected to trade on the New York Stock Exchange under the new ticker symbols “ACHR” and “ACHR WS,” respectively, on September 17, 2021. For more information: Archer Aviation www.archer.com ***
