Archer Aviation Inc., together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. The company is headquartered in San Jose, California.

• Oversold Conditions- The company stock has through turbulent times in recent weeks hence creating oversold conditions and is approaching towards bottom, hence creating an opportunity to invest in at the right price.

• Investors looking for a volatile stock may choose to invest and hold to capture gains.

• Reached agreement in principle on key terms of contract manufacturing relationship with Stellantis ¹ . Stellantis to contribute up to ~$400M to help scale Archer’s Midnight manufacturing to 650 aircraft annually through an obligation to cover manufacturing labor costs as well as certain capital expenditures at Archer’s Georgia manufacturing facility through 2030. 

• Secured $230M in additional equity capital since the end of Q2. This new equity capital comes from strategic and institutional investors, including Stellantis and United

• Delivered first Midnight aircraft to the U.S. Air Force.  Archer delivered Midnight to the U.S. Air Force (USAF) as part of Archer’s AFWERX Agility Prime contract valued at up to $142M.

• Announced plans for Future Flight Global to purchase up to 116 Archer Midnight aircraft worth up to $580M, bringing Archer’s indicative order book to nearly $6B . Planned aircraft purchase will support the companies’ joint goal of launching electric vertical take-off and landing aircraft operations in key global markets in Europe and Asia.

Acrobull UK Recommendation Based on Evaluation