Archer Aviation Shares Drop 15% After $850M Funding and Trump Air Taxi Program
TL;DR Summary
Archer Aviation's stock dropped 15% after raising $850 million through a direct offering, despite positive policy developments like the White House's eVTOL pilot program. The funds will bolster the company's liquidity and support expansion, including upcoming showcases and partnerships, with CEO Adam Goldstein emphasizing the strategic importance of the new capital.
- Archer Aviation stock falls after raising $850m in direct offering Yahoo Finance
- Archer drops as much as 15% on $850 million share sale following Trump air taxi pilot program CNBC
- Archer Raises $850M Following White House Executive Order To Accelerate U.S. eVTOL Rollout, Cementing Its Industry-Leading Liquidity Position Of Approximately $2B Archer Aviation
- Joby and Archer Shares Soar After Trump Executive Order Barron's
- Air taxi maker Archer raises $850 million after Trump executive order Reuters
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