Archer Aviation Files to Register Over 5 Million Shares for Resale and Issues New Stock to Vendors
Archer Aviation has filed a registration statement with the U.S. Securities and Exchange Commission concerning company shares. The filing covers the potential resale of up to 5,333,334 shares of common stock by a selling securityholder. Separately, the company is also registering up to 8,000,000 shares to be issued to certain vendors as part of its vendor stock issuance program. This program allows vendors to elect to receive Archer common stock in lieu of cash payments. Archer Aviation will not receive any proceeds from the resale of shares by the securityholder.
Official Source: https://www.tradingview.com/news/tradingview:32e7ddba7b548:0-archer-aviation-to-register-resale-of-5-33m-shares-issue-up-to-8m-in-vendor-stock/
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