05/10/2024 | Press release | Distributed by Public on 05/10/2024 04:02
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Delaware
(State or other jurisdiction of incorporation or organization)
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83-2292321
(I.R.S. Employer Identification Number)
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Patrick Grilli
Ran D. Ben-Tzur Aman Singh Fenwick & West LLP 801 California Street Mountain View, California 94041 (650) 988-8500 |
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Eric Lentell
Archer Aviation Inc. 190 West Tasman Drive San Jose, California 95134 (650) 272-3233 |
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Large accelerated filer
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| | ☒ | | | Accelerated filer | | | ☐ | |
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Non-accelerated filer
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| | ☐ | | |
Smaller reporting company
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| | ☐ | |
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Emerging growth company
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| | ☐ | |
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ABOUT THIS PROSPECTUS
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SELECTED DEFINITIONS
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PROSPECTUS SUMMARY
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| | | | 5 | | |
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RISK FACTORS
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| | | | 8 | | |
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 9 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF INFORMATION BY REFERENCE
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USE OF PROCEEDS
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PLAN OF DISTRIBUTION
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DESCRIPTION OF CAPITAL STOCK
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| | | | 16 | | |
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DESCRIPTION OF DEBT SECURITIES
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| | | | 25 | | |
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DESCRIPTION OF WARRANTS
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| | | | 32 | | |
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DESCRIPTION OF SUBSCRIPTION RIGHTS
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| | | | 34 | | |
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DESCRIPTION OF UNITS
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| | | | 35 | | |
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LEGAL MATTERS
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| | | | 36 | | |
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EXPERTS
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Page
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ABOUT THIS PROSPECTUS
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TRADEMARKS
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MARKET AND INDUSTRY DATA
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PROSPECTUS SUMMARY
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| | | | 3 | | |
THE OFFERING
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| | | | 5 | | |
RISK FACTORS
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| | | | 7 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 10 | | |
USE OF PROCEEDS
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| | | | 12 | | |
DILUTION
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| | | | 13 | | |
PLAN OF DISTRIBUTION
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| | | | 15 | | |
DESCRIPTION OF CAPITAL STOCK
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| | | | 16 | | |
LEGAL MATTERS
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| | | | 25 | | |
EXPERTS
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WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE
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| | | | 26 | | |
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Assumed offering price per share
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| | | | | | | | | $ | 3.73 | | |
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Net tangible book value per share as of March 31, 2024
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| | | $ | 1.33 | | | | | | | | |
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Increase in net tangible book value per share attributable to this offering
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| | | $ | 0.14 | | | | | | | | |
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As adjusted net tangible book value per share as of March 31, 2024, after giving effect to this offering
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| | | | | | | | | $ | 1.47 | | |
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Dilution per share to investors purchasing our Class A common stock in this offering
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| | | | | | | | | $ | 2.26 | | |
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SEC registration fee
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| | | $ | 14,022 | | |
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FINRA filing fee
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| | | $ | 14,750 | | |
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Printing and engraving*
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| | | | * | | |
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Legal fees and expenses*
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Accounting fees and expenses*
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Transfer agent and registrar fees and expenses*
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Miscellaneous expenses*
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Total*
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| | | | * | | |
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Incorporated by Reference
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Exhibit
Number |
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Exhibit Description
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Form
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File No.
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Exhibit
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Filing Date
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Filed
Herewith |
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| 1.1* | | | Form of Underwriting Agreement | | | | | | | | | | | | | | | | |
| 1.2 | | | | | S-3 | | | 333-275465 | | | 1.2 | | |
11/13/2023
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| 2.1† | | | | | 8-K | | | 001-39668 | | | 2.1 | | |
07/29/2021
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| 3.1 | | | | | 8-K | | | 001-39668 | | | 3.1 | | |
09/22/2021
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| 3.2 | | | | | 8-K | | | 001-39668 | | | 3.1 | | |
02/07/2023
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| 4.1 | | | | | S-1/A | | | 333-249289 | | | 4.2 | | |
10/21/2020
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| 4.2 | | | | | 8-K | | | 001-39668 | | | 10.2 | | |
09/22/2021
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| 4.3 | | | | | 8-K | | | 001-39668 | | | 10.4 | | |
01/09/2023
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| 4.4 | | | | | 8-K | | | 001-39668 | | | 10.3 | | |
08/10/2023
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| 4.5 | | |
Form of Debt Security
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X
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| 4.6 | | |
Form of Indenture
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X
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| 4.7* | | | Form of Warrant | | | | | | | | | | | | | | | | |
| 4.8* | | | Form of Warrant Agreement | | | | | | | | | | | | | | | | |
| 4.9* | | | Form of Certificate of Designations of Preferred Stock | | | | | | | | | | | | | | | | |
| 4.10* | | | Form of Preferred Stock Certificate | | | | | | | | | | | | | | | | |
| 4.11* | | | Form of Subscription Rights Certificate | | | | | | | | | | | | | | | | |
| 4.12* | | | Form of Subscription Rights Agreement | | | | | | | | | | | | | | | | |
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Incorporated by Reference
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Exhibit
Number |
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Exhibit Description
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Form
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File No.
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Exhibit
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Filing Date
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Filed
Herewith |
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| 4.13* | | | Form of Unit | | | | | | | | | | | | | | | | |
| 4.14* | | | Form of Unit Agreement | | | | | | | | | | | | | | | | |
| 5.1 | | |
Legal Opinion of Fenwick & West LLP
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X
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| 23.1 | | |
Consent of Independent Registered Public Accounting Firm
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X
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| 23.2 | | |
Consent of Fenwick & West LLP (included in Exhibit 5.1)
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X
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| 24.1 | | |
Power of Attorney (included on the signature page hereto)
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X
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| 25.1** | | | Form T-1 Statement of Eligibility of Trustee for Senior Indenture under the Trust Indenture Act of 1939 | | | | | | | | | | | | | | | | |
| 25.2** | | | Form T-1 Statement of Eligibility of Trustee for Subordinated Indenture under the Trust Indenture Act of 1939 | | | | | | | | | | | | | | | | |
| 107.1 | | |
Filing Fee Table
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X
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Signature
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Title
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Date
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/s/ Adam Goldstein
Adam Goldstein
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Chief Executive Officer and Director
(Principal Executive Officer) |
| | May 9, 2024 | |
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/s/ Mark Mesler
Mark Mesler
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Chief Financial Officer
(Principal Financial and Accounting Officer) |
| | May 9, 2024 | |
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/s/ Deborah Diaz
Deborah Diaz
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Director
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| | May 9, 2024 | |
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/s/ Fred Diaz
Fred Diaz
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Director
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| | May 9, 2024 | |
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/s/ Oscar Munoz
Oscar Munoz
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Director
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| | May 9, 2024 | |
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/s/ Barbara J. Pilarski
Barbara J. Pilarski
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Director
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| | May 9, 2024 | |
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/s/ Maria Pinelli
Maria Pinelli
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Director
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| | May 9, 2024 | |
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/s/ Michael Spellacy
Michael Spellacy
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Director
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| | May 9, 2024 | |