Archer Aviation Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01. Other Events.
As previously announced, on February 11, 2025, Archer Aviation Inc. (the “Company”) entered into a securities purchase agreement with certain institutional investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell, and the Purchasers agreed to purchase, 35,500,000 shares (the “Shares”) of the Company’s Class A common stock in a registered direct offering at a price of $8.50 per Share, for gross proceeds of $301.75 million before deducting the placement fees and related offering expenses.
The offering of the Shares was made pursuant to the shelf registration statement on Form S-3ASR (File No. 333-284812), including the prospectus dated February 11, 2025 contained therein, and the prospectus supplement filed on February 11, 2025.
A copy of the opinion of Fenwick & West LLP, relating to the legality of the issuance and sale of the Shares, is filed with this Current Report on Form 8-K as Exhibit 5.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 5.1 | Opinion of Fenwick & West LLP | |
| 23.1 | Consent of Fenwick & West LLP (contained in Exhibit 5.1) | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Archer Aviation Inc.. | |
| Date: February 11, 2025 | /s/ Eric Lentell |
|
Eric Lentell General Counsel and Secretary |