Archer Aviation ( (ACHR) ) just unveiled an update.
Archer Aviation announced on February 11, 2025, a registered direct offering raising $301.75 million by selling 35.5 million shares of Class A common stock. The funding, involving institutional investors like BlackRock, will be used to advance hybrid aircraft development and other corporate purposes, enhancing Archer’s financial standing and positioning it strategically for defense market opportunities.
More about Archer Aviation
Archer Aviation is involved in designing and developing technologies and aircraft for the future of aviation, with a focus on next-generation aviation solutions.
YTD Price Performance: 6.58%
Average Trading Volume: 39,319,850
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.84B
For an in-depth examination of ACHR stock, go to TipRanks’ Stock Analysis page.