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Archer Aviation | 4: Statement of changes in beneficial ownership of securities-10% Owner Stellantis N.V.

SEC announcement ·  Mar 13 05:09
Summary by Futu AI
Stellantis N.V. has completed the purchase of 1.6 million shares of Archer Aviation Inc. (ACHR) common stock through two separate transactions. The first transaction occurred on March 8, 2024, with 800,000 shares acquired at a price of $4.5958 per share. A subsequent purchase on March 11, 2024, also for 800,000 shares, was made at a higher price of $4.828 per share. Following these transactions, Stellantis N.V. now directly holds a total of 36,251,720 shares of Archer Aviation. The transactions, which took place in the open market, reflect Stellantis N.V.'s direct investment in the aviation company, with the total value of the newly acquired shares amounting to approximately $7.5 million, based on the prices paid.
Stellantis N.V. has completed the purchase of 1.6 million shares of Archer Aviation Inc. (ACHR) common stock through two separate transactions. The first transaction occurred on March 8, 2024, with 800,000 shares acquired at a price of $4.5958 per share. A subsequent purchase on March 11, 2024, also for 800,000 shares, was made at a higher price of $4.828 per share. Following these transactions, Stellantis N.V. now directly holds a total of 36,251,720 shares of Archer Aviation. The transactions, which took place in the open market, reflect Stellantis N.V.'s direct investment in the aviation company, with the total value of the newly acquired shares amounting to approximately $7.5 million, based on the prices paid.
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