Archer Aviation Inc.
03/05/2026 | Press release | Distributed by Public on 03/05/2026 16:19
Material Event (Form 8-K)
Item 8.01 Other Events
On March 5, 2026, Archer Aviation Inc. (the "Company") filed a prospectus supplement pursuant to Rule 424(b) under the Securities Act of 1933, as amended, with the Securities and Exchange Commission (the "SEC") relating to the resale of 5,325,440 shares (the "Resale Shares") of Class A common stock, $0.0001 par value per share ("Class A common stock"), of the Company that were issued by the Company to the selling stockholders. The Resale Shares were issued pursuant to stock purchase agreements, on or about March 4, 2026, by and among the Company and the purchaser named therein. The prospectus supplement forms a part of the Company's Registration Statement on Form S-3 (No. 333-284812), which was originally filed with the SEC on February 11, 2025 (the "Registration Statement").
On or about March 10, 2026, the Company will issue up to an aggregate $8 million of shares of Class A common stock (the "Vendor Shares"), issuable in satisfaction of payment to certain vendors in exchange for services rendered and/or goods purchased.
The Vendor Shares are being offered by the Company pursuant to the Registration Statement, including the prospectus supplement dated March 5, 2026, and accompanying prospectus.
Copies of the legal opinions of Fenwick & West LLP relating to the validity of the Resale Shares and the Vendor Shares are filed as Exhibit 5.1 and Exhibit 5.2, respectively, to this Current Report on Form 8-K and are filed with reference to, and are hereby incorporated by reference into, the Registration Statement.
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