Archer lands $1B order from United Airlines and a SPAC deal
Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed 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 Aviation said Wednesday it reached an agreement to merge with special purpose acquisition company Atlas Crest Investment Corp., an increasingly common financial path that allows the startup to eschew the once traditional IPO process. 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.
Flying taxi startup Archer plans to go public via SPAC, lands $1 1 billion deal with United
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FTSE 100 loses its shine after poor UK car figures
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FTSE 100 gets a boost from hospitality firms as vaccination roll out hits 10m people
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FTSE 100 falls back; Wall Street heads for mixed open ahead of jobless claims data
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