Archer Aviation Files to Register Resale of 5.33 Million Shares and Issuance of Vendor Stock
Archer Aviation has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission. The filing pertains to the potential resale of up to 5.33 million shares of its Class A common stock by certain selling stockholders. Additionally, the company is registering the issuance of up to 8 million shares intended for its vendors. Archer clarified that it will not receive any proceeds from the resale of shares by the existing stockholders. This move is intended to satisfy prior contractual obligations with both the stockholders and vendors.
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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