Atlas Crest Investment Corp.

Atlas Crest Investment Corp. is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on August 26, 2020 and is headquartered in New York, NY. Redemption Price: 10. Warrant Coverage: 1/3.

Archer Aviation, Inc. engages in the development of electric vertical take-off and landing (eVTOL) aircraft. The company was founded by Brett Adcock and Adam Goldstein on October 16, 2018 and is headquartered in San Jose, CA.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase, the SPAC looks for a target company to merge with.

SEARCHING PHASE

The SPAC announces which company it will be acquiring (and taking public).

PREVIOUS PHASE

Investors and shareholders will meet to approve the acquisition.

CURRENT PHASE

Archer Aviation

Archer Aviation Inc.'s stock achr is set to start trading on the NYSE on Friday, after the completion of the all-electric vertical takeoff and landing (eVTOL) aircraft maker's merger with special purpose acquisition company (SPAC) Atlas Crest Investment Corp. The merger deal was announced in early February. The ticker symbol has changed to "ACHR" from Atlas Crest's previous ticker of "ACIC.

Archer Aviation stock to begin trading on NYSE, after merger with SPAC is completed

NEW YORK--(BUSINESS WIRE)--Archer Aviation Inc. announced today that it has closed its business combination with Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company. Upon the completion of the transaction, Atlas Crest changed its name to “Archer Aviation Inc.” Archer's common stock and warrants will commence trading on the New York Stock Exchange (“NYSE”) on September 17, 2021, under the ticker symbols “ACHR” and “ACHR WS”, respectively. Brett Adcock

Archer Aviation Announces Closing of Business Combination with Atlas Crest Investment Corp. to Become A Publicly Traded Company

NEW YORK--(BUSINESS WIRE)--Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, announced that its stockholders approved all proposals related to the previously announced business combination (the “Business Combination”) with Archer Aviation Inc. (“Archer”) at a special meeting of stockholders held today (the “Special Meeting”). A Current Report on Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission.

Atlas Crest Investment Corp. Shareholders Approve Business Combination with Archer Aviation Inc.

NEW YORK--(BUSINESS WIRE)--Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, today announced that Glass Lewis, a leading independent proxy advisory firm, has issued a report recommending that Atlas Crest stockholders vote in favor of the previously announced business combination (the "Business Combination Proposal") with Archer Aviation Inc. (“Archer''), a leading developer of an urban air mobility ecosystem and all-electric vertical takeoff and l

Leading Independent Proxy Advisor, Glass Lewis, Recommends Atlas Crest Stockholders Vote “FOR” Business Combination with Archer

PALO ALTO, Calif.--(BUSINESS WIRE)--California-based Archer Aviation Inc. (“Archer''), a leading developer of an Urban Air Mobility ecosystem and all-electric vertical takeoff and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, today announced that the companies will host a fireside chat with IPO Edge on Thursday, September 2 at 12:00 pm EDT, to discuss their pending business combination (the “business combination

Archer Aviation Inc. and Atlas Crest Investment Corp. to Host Fireside Chat with IPO Edge to Discuss Business Combination

NEW YORK--(BUSINESS WIRE)--Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, announced today that it has scheduled a special meeting of its stockholders (the “Special Meeting”) to approve the proposed business combination (the “business combination”) with Archer Aviation Inc. (“Archer”). Atlas Crest also announced the filing of a definitive proxy statement/prospectus for the Special Meeting with the U.S. Securities and Exchange Commission (the “SE

Atlas Crest Investment Corp. Announces Special Meeting Date to Approve Proposed Business Combination with Archer Aviation

Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, according to a court filing, raising the stakes in a heated legal dispute.

Air taxi maker Archer seeks $1 billion in damages from Boeing-backed rival

PALO ALTO, Calif., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Archer Aviation Inc. (“Archer”), a leading Urban Air Mobility company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (“Atlas Crest”) (NYSE: ACIC) today announced Deborah Diaz, Maria Pinelli, and Fred Diaz as nominees for the post-closing board of directors. These nominations will add three additional diverse and seasoned executives to the combined company's board from the aviation, automotive, technology, and finance & consulting sectors. These nominees will become directors of the combined company following the completion of the proposed business combination of Archer with Atlas Crest.

Archer Announces Experienced and Skilled Board Nominees Ahead of Merger with Atlas Crest Investment Corp.

Archer Aviation is a far better deal after the valuation was cut and the stock price has fallen 50%. The company still appears on a path to releasing an eVTOL in 2024.

Archer Aviation: Set To Take Flight After Deal Cut

Atlas Crest / Archer SPAC deal was recut last week to reduce the pro forma enterprise value from $2.7B to $1.7B, a 38% valuation cut. Also, 15% of the promote. The sponsor letter agreement was amended to drop the one-year lockup. This allows sponsors to cash-out 85% of the promote shares immediately after deal-close.

Atlas Crest / Archer SPAC Deal Reset: High Redemptions Are Still Likely

The revision supports 'a highly compelling investment thesis' for Archer, the company said about its valuation downgrade.

The SPAC taking electric-aircraft maker Archer public has slashed the valuation of the company by $1 billion

PALO ALTO, Calif.--(BUSINESS WIRE)--Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (“Atlas Crest”) (NYSE: ACIC), a special purpose acquisition company, today announced they have revised the valuation of their previously announced transaction. This strategic decision was made in recognition of Archer's commitment to driving long-term value creation for all shareholders. “We are

Archer and Atlas Crest Announce Strategic Reset of Transaction Terms to Further Align with World-Class Investors and Achieve Long-Term Partnership; Oscar Munoz, Former United Airlines Chairman and CEO, Joins the Archer Board

In the news release, Archer Wins; Defeats Wisk's Motion for Preliminary Injunction, issued 22-Jul-2021 by Archer Aviation Inc. over PR Newswire, we are advised by the company that the last sentence should read "On February 10, 2021, Archer entered into a Business Combination Agreement with Atlas Crest Investment Corp. (NYSE: ACIC) and Artemis Acquisition Sub Inc." rather than "On February 10, 2021, Archer entered into a Business Combination Agreement with Atlas Crest Investment Corp. ("Atlas") and Artemis Acquisition Sub Inc." as originally issued inadvertently. The complete, corrected release follows: Archer Wins; Defeats Wisk's Motion for Preliminary Injunction - Judge denies Wisk's motion for preliminary injunction against Archer - Judge finds Wisk's evidence too uncertain and equivocal PALO ALTO, Calif.

/C O R R E C T I O N -- Archer Aviation Inc./

MOUNTAIN VIEW, Calif., July 22, 2021 /PRNewswire/ -- Wisk Aero, a leading Urban Air Mobility (UAM) company and developer of the first all-electric, self-flying air taxi in the U.S., today issued a statement regarding its lawsuit against Archer Aviation.

Wisk Looks Ahead to Holding Archer Accountable at Trial

PALO ALTO, Calif.--(BUSINESS WIRE)--Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, announced today that it will present at the BofA Securities Transportation, Airlines & Industrials Conference. Members of management will present on Wednesday, May 19, at 12:40 pm ET. A webcast of the event will be available at the link HERE. Archer has previously announced a merger agreement with Atlas Crest Investment Corp

Archer to Present at the BofA Securities Transportation, Airlines & Industrials Conference

PALO ALTO, Calif.--(BUSINESS WIRE)--Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, announced today that it will present at the Morgan Stanley eVTOL/Urban Air Mobility Summit. Members of management will present on Wednesday, May 12, at 2:00 pm ET. A webcast of the event will be available at the link HERE. Archer has previously announced a merger agreement with Atlas Crest Investment Corp. (NYSE: ACIC), a specia

Archer to Present at the Morgan Stanley eVTOL/Urban Air Mobility Summit

salesforce.com

Niu Technologies - ADR

Here are three stocks for investors to add to their watch lists: one growth, one value, and one speculative.

3 Stocks to Watch Right Now

Reinvent Technology Partners

Electric aircraft companies like Archer (ACIC) and Joby Aviation (RTP) could be very successful in the long term, but not all competitors in this race are equally positioned. Regardless of the recent allegations by Wolfpack Research, EHang (EH) has not demonstrated any technology leadership relevant to electric air taxis and urban air mobility.

Electric Aircraft Stocks May Be Set To Soar, But Not All Are Created Equal

Uber Elevate Co-Founders Joining Archer's Advisory Board Uber Elevate Co-Founders Joining Archer's Advisory Board

UPDATE - Archer Announces Commitment to Launching its Urban Air Mobility Network in Miami by 2024

The SPAC got a lift after announcing its acquisition target.

Why Atlas Crest Investment Stock Gained 15.1% in February

PALO ALTO, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- California-based Archer, who are designing and developing electric vertical takeoff and landing aircraft (eVTOL), today announced their commitment to launching their first Urban Air Mobility (UAM) network in Los Angeles by 2024. Archer is excited to explore the potential for UAM to address some of Southern California's mobility challenges and provide a new option for people to travel more freely in and around dense metropolitan areas. Archer's UAM platform will move people throughout cities in a fast, safe, sustainable, and cost-effective manner. The fully electric vertical takeoff and landing aircraft is expected to travel distances of up to 60 miles at 150 mph using technology available today, transforming how people approach everyday life, work and adventure, while benefiting the environment and working towards a future zero-emissions world. Archer's recently announced merger with Atlas Crest Investment Corporation (NYSE: ACIC) and a $1bn commercial order from United Airlines, which is subject to United's business and operating requirements, values the company at $3.8 billion and puts Archer in prime position to integrate UAM as part of cities' future transportation networks. A demonstration of its commitment to Los Angeles, Archer is supporting efforts to educate the city's residents about the new transportation technology. Los Angeles Mayor Eric Garcetti announced the Urban Air Mobility Partnership in December 2020, a first-of-its-kind initiative in the U.S. to engage and empower residents to shape the future of LA's airspace. A collaboration between the Mayor's Office, the Los Angeles Department of Transportation (LADOT), and Urban Movement Labs (UML), the program will develop strategies for the integration of UAM into existing transportation networks and land use policies to prioritize equity of access, connections to transit, purpose-driven data sharing, and local workforce development. “Our partnership with the City of Los Angeles will be one of our major milestones in bringing quick, safe, affordable everyday flight to dense urban locations,” said Adam Goldstein, co-Founder and co-CEO of Archer.

UPDATE - Archer Announces Commitment to Launching Its Urban Air Mobility Network In Los Angeles by 2024

PALO ALTO, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- California-based Archer, who are designing and developing electric vertical takeoff and landing aircraft (eVTOL), today announced their commitment to launching their first Urban Air Mobility (UAM) network in Los Angeles by 2024. Archer is excited to explore the potential for UAM to address some of Southern California's mobility challenges and provide a new option for people to travel more freely in and around dense metropolitan areas.

Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024

Archer Aviation: Promising Future, Aggressive Valuation

The stock price of Atlas Crest Investment Corp (NYSE: ACIC) increased by 22.47%. This is why it happened.

ACIC Stock Price Increased 22.47%: Why It Happened

United Continental Hlds

Archer Aviation Inc. said Wednesday that United Airlines Holdings Inc. placed a $1 billion order for its all-electric vertical take-off and landing aircraft (eVTOL), on the same day the company announced a deal that will allow the public to invest in the urban air mobility (UAM) company in the coming months.

News for Atlas Crest Investment Corp. Stock (ACIC)