Why Archer Aviation Stock Is Sinking Today [Yahoo! Finance]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Yahoo! Finance
Before the market opened this morning, Archer Aviation submitted a filing to the Securities and Exchange Commission (SEC) indicating that it plans to create and sell new stock. The company has entered into an agreement to sell up to $70 million worth of new Class A common stock. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Archer Aviation's recent stock offering filing has raised concerns about shareholder dilution. As the company issues more stock, the stake that previously existing shareholders own becomes smaller. In other words, the pie is being cut into a larger number of pieces -- and the pieces shrink in size in order to accommodate the change. On the other hand, selling stock provides the company with fresh capital that can be used to grow its business. In the third quarter, Archer Aviation posted a net loss of $115.3 million on zero revenue. Meanwhile, the company closed out the quarter with cash and equi
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News
- Archer Aviation Is Sinking Today -- Is It Time to Buy the Stock? [Yahoo! Finance]Yahoo! Finance
- Archer Aviation: A Once-in-a-Decade Buying Opportunity? [Yahoo! Finance]Yahoo! Finance
- Archer Hires UAE Leader From Abu Dhabi Executive Office and GCAA in Support of Plan to Commence In-country Service as Soon as Late Next YearBusiness Wire
- Cathie Wood Can't Stop Buying Archer Aviation Stock. Should You Invest While It's Still Below $5? [Yahoo! Finance]Yahoo! Finance
- Archer Announces Third Quarter 2024 Results, Demonstrating Manufacturing, Certification and Commercial Launch Momentum [Yahoo! Finance]Yahoo! Finance
ACHR
Sec Filings
- 11/13/24 - Form S-3ASR
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- ACHR's page on the SEC website