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UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT 

Pursuant to Section 13 or 15(d) 

of the Securities Exchange Act of 1934

 

Date of Report: February 11, 2025

 

 

Archer Aviation Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

Delaware   001-39668   85-2730902

(State or other jurisdiction

of incorporation)

  (Commission File Number)   (IRS Employer Identification No.)

 

190 West Tasman Drive

San Jose, CA

  95134
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 650-272-3233

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

 

Name of each exchange

on which registered

Class A common stock, par value $0.0001 per share

  ACHR   New York Stock Exchange
         
Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share   ACHR WS   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 8.01. Other Events.

 

As previously announced, on February 11, 2025, Archer Aviation Inc. (the “Company”) entered into a securities purchase agreement with certain institutional investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell, and the Purchasers agreed to purchase, 35,500,000 shares (the “Shares”) of the Company’s Class A common stock in a registered direct offering at a price of $8.50 per Share, for gross proceeds of $301.75 million before deducting the placement fees and related offering expenses.

 

The offering of the Shares was made pursuant to the shelf registration statement on Form S-3ASR (File No. 333-284812), including the prospectus dated February 11, 2025 contained therein, and the prospectus supplement filed on February 11, 2025.

 

A copy of the opinion of Fenwick & West LLP, relating to the legality of the issuance and sale of the Shares, is filed with this Current Report on Form 8-K as Exhibit 5.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)   Exhibits

 

Exhibit
No.
  Description
   
5.1   Opinion of Fenwick & West LLP
23.1   Consent of Fenwick & West LLP (contained in Exhibit 5.1)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Archer Aviation Inc..
   
Date: February 11, 2025 /s/ Eric Lentell
 

Eric Lentell

General Counsel and Secretary