The SPAC Deal: Urban air mobility company Archer is going public in a SPAC merger with Atlas Crest Investment Corp (NYSE: ACIC). Prior to the SPAC deal, Archer had raised $60 million in a seed and Series A round. ... Archer Direct will operate as an aerospace manufacturer. United Airlines has also invested in Archer and has placed orders worth $1 billion that can be scaled up to $1.5 billion. The SPAC frenzy of recent months has focused on electric vehicles as well as other “cool” startups such as space-tourism venture Virgin Galactic. The SPAC is backed by an affiliate of the investment bank Moelis & Company, which leaned on its bankers, and others to help vet Archer, the … Urban air mobility startup Archer … Separately, the Palo Alto, California-based startup announced that United Airlines agreed to … Investors should note that the Archer SPAC merger is a deal worth $3.8 billion. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Electric aircraft startup Archer Aviation plans to go public by merging with a SPAC in a deal that will give the company a multibillion dollar valuation, IPO Edge reports. Electric Aircraft Company Archer Merges with Atlas Crest SPAC The transaction gives Archer an implied pro forma equity value of $3.8 billion at … An artist's illustration of Archer Aviation's electric air taxi design. Your vote determines the fate of this post! A SPAC merger allows a company to go public and get a capital influx more quickly than it would have with a conventional IPO, as a SPAC acquisition can … The transaction announcement will likely include PIPE financing of at least $500 million… ACIC Stock and the Archer SPAC Merger. If Archer and its SPAC is worth a lot, I reckon some investors could view Rolls-Royce’s electric growth potential in a more positive light. Merging with Atlas Crest will result in net proceeds of about $1.1 billion. If the post above contributes to the sub in a meaningful way, please upvote this comment! That could potentially help market sentiment. SPAC stands for Special Purpose Acquisition Company, and they are the new rage on Wall Street, including in aviation and aerospace. The announcement could come as early as next week, sources reportedly told IPO Edge. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment!. Hi! ACIC SPAC stock looks like a good play on the future of mobility.

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