Archer Aviation Files to Register Resale of 5.33 Million Shares, Plans Issuance of Up to 8 Million Vendor Shares
Archer Aviation has submitted a registration statement to the U.S. Securities and Exchange Commission. The filing covers the potential resale of up to 5,333,333 shares of its Class A common stock by certain selling stockholders. The company will not receive any proceeds from the resale of these shares. Separately, the filing also indicates that Archer may issue up to 8,000,000 shares of its Class A common stock to specific vendors. This move is part of the company's previously disclosed plans.
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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