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Archer Aviation | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Stellantis N.V(16.5%),Stellantis Europe S.p.A(3.1%), etc.

SEC announcement ·  Mar 16 05:12
Summary by Futu AI
Archer Aviation Inc. has been the subject of an amended Schedule 13D/A filing with the United States Securities and Exchange Commission (SEC) on March 15, 2024, by Stellantis N.V. and its affiliates. The filing, which is the seventh amendment, indicates that Stellantis N.V. and its affiliates collectively own 46,349,946 shares of Archer Aviation's Class A Common Stock, representing 16.5% of the class. The filing also details recent open market purchases of Archer Aviation shares by Stellantis N.V. between March 8, 2024, and March 14, 2024, with prices ranging from $4.37 to $5.55 per share. Additionally, the filing outlines the rights of Stellantis to nominate a director to Archer Aviation's Board as long as it maintains at least a 12.5% ownership stake in the company's outstanding Class A Common Stock. The transactions and the nomination right underscore Stellantis's significant interest and influence in Archer Aviation.
Archer Aviation Inc. has been the subject of an amended Schedule 13D/A filing with the United States Securities and Exchange Commission (SEC) on March 15, 2024, by Stellantis N.V. and its affiliates. The filing, which is the seventh amendment, indicates that Stellantis N.V. and its affiliates collectively own 46,349,946 shares of Archer Aviation's Class A Common Stock, representing 16.5% of the class. The filing also details recent open market purchases of Archer Aviation shares by Stellantis N.V. between March 8, 2024, and March 14, 2024, with prices ranging from $4.37 to $5.55 per share. Additionally, the filing outlines the rights of Stellantis to nominate a director to Archer Aviation's Board as long as it maintains at least a 12.5% ownership stake in the company's outstanding Class A Common Stock. The transactions and the nomination right underscore Stellantis's significant interest and influence in Archer Aviation.
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This announcement is a separate document:

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