is archer aviation publicly traded

UAH owns and operates United Airlines, Inc. . Atlas Crest and their respective directors and officers may be deemed participants in the solicitation of proxies of Atlas Crest’s stockholders in connection with the proposed business combination. The common stock of United's parent, United Airlines Holdings, Inc., is traded on the Nasdaq under the symbol "UAL". Get it delivered to your mailbox every Monday. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “will be,” “will continue,” “will likely result,” “would,” “expect,” “anticipate,” “believe,” “seek," “target,” “strategy,” “future,” “opportunity,” “may,” “should,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Investors are cheering on ACIC in hopes of another publicly traded electric aviation play ... check company would acquire Archer. With the right technology, we can curb the impact aircraft have on the planet, but we have to identify the next generation of companies who will make this a reality early and find ways to help them get off the ground,” said United CEO Scott Kirby. As the world’s only vertically integrated airline company, Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in Urban Air Mobility that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Readers are cautioned not to put undue reliance on forward-looking statements, and Atlas Crest and Archer assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. “Through our all-electric aircraft, we are striving to curb carbon emissions, decrease traffic, and create the transportation networks of the future. By the way EH is a publicly traded company and one wonders if this is worth a look at as an investment? Privately held Archer, which is based in Palo Alto, California, announced separately that it has agreed to merge with Atlas Crest Investment and form a new publicly traded company. Atlas Crest board of directors. Archer, A Leading Urban Air Mobility Company, To List On NYSE Through Merger With Atlas Crest Investment Corp. “We’re dedicated to partnering with disruptive, world-class companies undergoing transformational growth. Atlas Crest and Archer anticipate that subsequent events and developments will cause Atlas Crest’s and Archer’s assessments to change. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. In general, this list does not include companies headquartered in one of the municipalities of the Chicago metropolitan area Many actual events and circumstances are beyond the control of the Company. If any of these risks materialize or if the Company’s assumption prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. })(window,document,'https://geospatialmedia.bitrix24.com/bitrix/js/crm/form_loader.js','b24form'); With the right technology, we can curb the impact aircraft have on the planet, but we have to identify the next generation of companies who will make this a reality early and … ... one of the most recognized environmental performance assessments of the world's largest publicly traded companies. Moelis & Company LLC is serving as exclusive financial advisor to Atlas Crest. By working with Archer, United is showing the aviation industry that now is the time to embrace cleaner, more efficient modes of transportation. (function(w,d,u,b){w['Bitrix24FormObject']=b;w[b] = w[b] || function(){arguments[0].ref=u; The boards of directors of both Archer and Atlas Crest have unanimously approved the proposed business combination, which is expected to be completed in the second quarter of 2021, subject to the approval by Atlas Crest stockholders and the satisfaction or waiver of other customary closing conditions identified in the business combination agreement. The webcast can be accessed through Archer’s investor relations page at investors.archer.com. Archer’s team is based in Palo Alto, CA. Together, we’ll provide the capital needed to continue leading the Urban Air Mobility space.”, Brett Adcock, Archer’s co-founder and co-CEO commented, “We’re thrilled to partner with Atlas Crest to help accelerate our goals of ushering in the next age of sustainable air mobility and enable human micro-exploration. Below is a rush transcript of Aviation Week’s February 12, 2021, Check 6 podcast. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. With the right technology, we can curb the impact aircraft have on the planet, but we have to identify the next generation of companies who will make this a reality early and … The combined company, which will be listed on the New York Stock Exchange with ticker symbol “ACHR,” will have an equity valuation of $3.8 billion. if(w[b]['forms']) return; You can sign up for additional alert options at any time. You must click the activation link in order to complete your subscription. (w[b].forms=w[b].forms||[]).push(arguments[0])}; var s=d.createElement('script');s.async=1;s.src=u+'? Archer Aviation has also partnered with the Urban Air Mobility Partnership, a one-year initiative between Los Angeles Mayor Eric Garcetti’s office, the Los Angeles Department of Transportation and Urban Movement Labs to develop a plan for how to integrate urban aircraft into existing transportation networks and land use policies.Â. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s web site at www.sec.gov. This is a list of Illinois companies which includes notable companies that are headquartered in Illinois, or were previously headquartered in Illinois. In further news, United Airlines today announced that it has entered into an agreement to invest in Archer as part of the airline’s broader effort to partner with leading technology companies that will decarbonize air travel. Information concerning the interests of Atlas Crest’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement relating to the business combination when it becomes available. Archer hopes to deliver its first aircraft in 2024, if it wins certification from the Federal Aviation Administration. Louise BristowArcherC: 818 398 8091[email protected] [email protected], Andrea HurstMoelis & CompanyC: 347 583 9705[email protected], A photo accompanying this announcement is available at http://www.globenewswire.com/news-release/2021/02/10/2173059/0/en/Archer-A-Leading-Urban-Air-Mobility-Company-To-List-On-NYSE-Through-Merger-With-Atlas-Crest-Investment-Corp.html. Security holders of Atlas Crest are urged to read the registration statement / proxy statement and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. Please leave us a review. The electric aircraft startup, Archer Aviation plans to launch a network of its urban air taxis in Los Angeles by 2024, reported TechCrunch. var h=d.getElementsByTagName('script')[0];h.parentNode.insertBefore(s,h); UAL Corporation agreed to … “Brett and Adam’s big vision for changing the future of transportation coupled with their passion, tenacity, and optimism made my decision to invest in Archer an easy one,” said Lore. The transaction values the combined company at an implied $3.8 billion pro forma equity value at the $10.00 per share PIPE price. “Archer’s eVTOL design, manufacturing model and engineering expertise has the clear potential to change how people commute within major metropolitan cities all over the world.”. Cantor Fitzgerald & Co. is serving as exclusive capital markets advisor to Atlas Crest. The collaboration agreement provides for close coordination between United Airlines and Archer in a commercialization approach which emphasizes existing technology and elegant design to facilitate regulatory approvals and efficient manufacturing culminating in a luxury experience at a scaled, low delivered cost point. Textron Aviation BrandVoice ... Rey Fenix and Lance Archer, Orange Cassidy vs. Luther and another appearance by Sting. Additionally Ken Moelis and affiliates, along with Marc Lore, are investing $30 million in the PIPE. “Unlocking the potential of new technologies like urban air mobility is a key enabler in creating a broad mobility ecosystem for consumers,” said Mike Manley, Head of Americas, Stellantis. Archer and Atlas Crest will host a joint webcast to discuss the proposed transaction and review an investor presentation on February 10, 2021 at 8:30am ET. Important Information for Investors and Shareholders. About Archer. By providing your email address below, you are providing consent to Archer to send you the requested Investor Email Alert updates. Jeff Ludes/Archer Aviation. The announcement of urban air taxis comes after when the company also announced United Airlines as a customer and an investor in its bid to become a publicly traded company via a merger with a special purpose acquisition company. Archer Greg Stevenson is the founder and partner at Principal Real Assets ("PRA"), an investment management firm that specializes in long-duration investments. SPAC (special purpose acquisition company), also known as a blank-check company is a vehicle to bring a private … The management team is led by Ken Moelis, Chairman, and Michael Spellacy, Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries. Archer’s dedication to swift, sustainable mobility is coming to life and it’s a journey we’re thrilled to be a part of.”, “Archer will provide commuters and travelers the flexibility on a global basis to live farther, commute and adventure faster and transform urban mobility in a greener, zero emissions world,” said Michael Spellacy, CEO of Atlas Crest. Advertisement To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity, market share and timeline, expectations and timing related to commercial product launches, expectations regarding potential proceeds from the transaction; Archer’s ability to complete the commercial relationship with United and ultimately deliver and sell aircraft to United under the agreements, Archer eVTOL aircraft’s ability to reduce carbon emissions, potential benefits of the transaction and the potential success of Archer’s go-to-market strategy, and expectations related to the terms and timing of the transaction. Archer’s mission is to advance the benefits of sustainable air mobility. b24form({"id":"218","lang":"en","sec":"kled8j","type":"inline"}); For Sponsored Content/Guest Post: [email protected], This is the account of the Newsdesk team at Geospatial Media. Palo Alto-based air taxi developer Archer has secured a $1 billion aircraft commitment from United Airlines and unveiled a plan to become a publicly traded company worth $3.8 billion. Archer’s highly accomplished team of top engineering and design talent, with a collective 200+ years of eVTOL experience, are driving this next transportation revolution. Privately held Archer, which is based in Palo Alto, California, announced separately that it has agreed to merge with Atlas Crest Investment Corp. and form a new publicly traded company. “Today is a testament to the pair’s endless drive and I’m excited to be on this journey with them and our newly expanded team. What started with a handshake deal from our lead investor and advisor Marc Lore, Archer’s latest funding and acquisition news brings this vision to life in a big way, enabling us to accelerate the future of sustainable travel at scale.”, “As we look towards the next era of sustainable travel and work, it’s important to invest in companies with a firm vision for change, without sacrificing efficiency or innovation,” said Ken Moelis, Chairman of Atlas Crest and Chairman and CEO of Moelis & Company. Archer Aviation has also partnered with the Urban Air Mobility Partnership, a one-year initiative … After submitting your request, you will receive an activation email to the requested email address. Archer Aviation plans to launch urban air taxis in Los Angeles by... 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No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. There may be additional risks that neither Atlas Crest nor Archer presently know or that Atlas Crest and Archer currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Additionally Ken Moelis and affiliates, along with Marc Lore, are investing $30 million in the PIPE. ... Investment Corp. and form a new publicly traded company. These forward-looking statements are subject to a number of risks and uncertainties, including the early-stage nature of Archer’s business and its past and projected future losses; Archer’s ability to manufacture and deliver aircraft and its impact on the risk of investment; Archer’s dependence on United Airlines for its current aircraft orders and development process, and the risk that United Airlines cancels its contracts with Archer; risks relating to the uncertainty of the projections included in the model; the effectiveness of Archer’s marketing and growth strategies, including its ability to effectively market air transportation as a substitute for conventional methods of transportation; Archer’s ability to compete in the competitive urban air mobility and eVTOL industries; Archer’s ability to obtain expected or required certifications, licenses, approvals, and authorizations from transportation authorities; Archer’s ability to achieve its business milestones and launch products on anticipated timelines; Archer’s dependence on suppliers and service partners for the parts and components in its aircraft; Archer’s ability to develop commercial-scale manufacturing capabilities; regulatory requirements and other obstacles outside of Archer’s control that slow market adoption of electric aircraft, such as Archer’s inability to obtain and maintain adequate facilities and Vertiport infrastructure; Archer’s ability to hire, train and retain qualified personnel; risks related to Archer’s Aerial Ride Sharing Business operating in densely populated metropolitan areas and heavily regulated airports; adverse publicity from accidents involving aircraft, helicopters or lithium-ion battery cells; the impact of labor and union activities on Archer’s work force; losses resulting from indexed price escalation clauses in purchase orders and cost overruns; regulatory risks related to evolving laws and regulations in Archer’s industries; the impact of the COVID-19 pandemic on Archer’s business and the global economy; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the stockholders of Atlas Crest or Archer is not obtained; a decline in Archer’s securities following the business combination if it fails to meet the expectations of investors or securities analysts; Archer’s inability to protect intellectual property rights from unauthorized use by third parties; Archer’s need for and the availability of additional capital; cybersecurity risks; the dual class structure of Archer’s common stock, which will limit other investors’ ability to influence corporate matters; the amount of redemption requests made by Atlas Crest’s public stockholders; the ability of Atlas Crest or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future, and those factors discussed in Atlas Crest’s final prospectus filed on October 29, 2020, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, in each case, under the heading “Risk Factors,” and other documents of Atlas Crest filed, or to be filed, with the Securities and Exchange Commission (“SEC”). Archer is set to join Hyundai Motors and Airbus on the list of publicly traded companies working on air taxis. Archer and Atlas are valuing the deal at $3.8 billion. United, in partnership with Mesa Airlines, could give customers a quick, economic and low-emission way to get to airports within its major hubs by 2024. ... Investment Corp. and form a new publicly traded company. Atlas Crest priced its $500 million initial public offering on October 27, 2020. Moelis & Company LLC is serving as exclusive placement agent on the PIPE. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Atlas Crest’s executive officers and directors in the solicitation by reading Atlas Crest’s registration statement / proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available.

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