Archer To Raise $850 Million In Direct Stock Offering

John / Alamy Stock Photo

Archer's Midnight

Credit: John / Alamy Stock Photo
Archer has announced plans to raise $850 million from a direct equity offering, lifting its cash position to approximately $2 billion. The startup said its fundraising efforts have benefited from strong momentum created by the White House’s recent executive order creating a three-year, national...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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