Archer Aviation Inc. has filed an automatic shelf registration statement on Form S-3ASR with the United States Securities and Exchange Commission, enabling the company to sell up to 85 million shares of its Class A common stock at $10.00 per share. The offering, facilitated by Moelis & Company LLC as the exclusive placement agent, aims to raise funds for general corporate purposes, including expanding Archer's commercial capabilities and developing an AI-based aviation software platform. With this strategic move, Archer strengthens its financial position and prepares for growth in the U.S. and "Launch Edition" markets.
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