Archer Aviation Files for Resale of Over 13 Million Shares by Stockholders
Archer Aviation has filed a registration statement with the U.S. Securities and Exchange Commission concerning the potential resale of up to 13,386,816 shares of its Class A common stock. These shares are being offered by certain selling stockholders, and the company will not receive any proceeds from the sale. Archer has agreed to cover the registration expenses associated with this filing. Separately, the company also announced the issuance of 30,713 shares of its Class A stock to a vendor as payment for services rendered.
Official Source: https://www.investing.com/news/sec-filings/archer-aviation-files-for-resale-of-shares-and-announces-vendor-stock-issuance-93CH-4545721
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