Archer Aviation has now closed on $220 million of its $230 million of additional capital raised since the end of the second quarter. The $10 million remaining is in the form of a committed investment from Stellantis that remains subject to shareholder approval – expected to occur later this year. The PIPE investment was first announced during Archer’s second quarter earnings report. Archer’s founder and CEO Adam Goldstein said: “Combined with the $360 million cash on hand at the end of [second quarter 2024], this makes us one of the most well-capitalised in the industry at a critical time ahead

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register