ACHR Stock Recent News

Archer Aviation Inc. (NYSE: ACHR) tanked nearly 15% on Friday after raising some $850 million through a registered direct offering. According to the electric vertical takeoff and landing (eVTOL) company, the said offering involved about 85 million of its shares, each of which was sold at a unit price of $10.

The stock had its second-worst day ever on heavy trading volume, as investors took issue with the way Archer raised money to build more eVTOL aircraft.

Archer Aviation (NYSE:ACHR) shares fell more than 13% after the electric air taxi developer announced plans to raise $850 million through the sale of 85 million shares priced at $10 each to institutional investors. This was below the company's closing share price on Thursday of $11.73.

Archer Aviation sold $850 million worth of shares to support new infrastructure and capabilities after Trump recently announced an electric vertical takeoff and landing vehicle pilot program. The air taxi maker said it plans to roll out an artificial intelligence-based aviation software platform and use the money to support programs, including its official partnership with the 2028 Olympics in Los Angeles.

Air taxi maker Archer Aviation on Thursday said it raised $850 million in funding following executive orders signed by U.S. President Donald Trump to boost electric air taxis.

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Archer Aviation has raised $850 million in new funding following a series of executive orders by US President Donald Trump aimed at accelerating the development of electric air taxis and other advanced aviation technologies. The funding follows an earlier $300 million round led by institutional investors, including BlackRock.

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $ACHR #Archer--Today Archer Aviation Inc. (NYSE: ACHR) raised an additional $850M following the White House's announcement last week of an Executive Order by President Trump to implement an eVTOL Integration Pilot Program in the United States. This program is focused on accelerating the deployment of eVTOL aircraft in the U.S. Archer intends to closely coordinate with the White House, Department of Transportation and the Federal Aviation Administration on how this can int.

Since last Friday, shares of the electric vertical take-off and landing (eVTOL) aircraft company Archer Aviation (ACHR -3.49%) traded about 15% higher, as of the close of trading on Thursday. The company conducted more successful testing, received positive sentiment from Wall Street, and President Donald Trump's administration issued executive orders that could benefit Archer.

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