BRIEF-Archer Raises $300M From Institutional Investors

Reuters

02-11

BRIEF-Archer Raises $300M From Institutional Investors

Feb 11 (Reuters) - Archer Aviation ACHR.N:

ARCHER RAISES $300M FROM LEADING INSTITUTIONAL INVESTORS TO ACCELERATE HYBRID AIRCRAFT PLATFORM DEVELOPMENT AS DEFENSE OPPORTUNITIES LOOK STRONGER THAN EXPECTED
ARCHER- LEADING INSTITUTIONAL INVESTORS PARTICIPATED IN FINANCING, INCLUDING FUNDS AND ACCOUNTS MANAGED BY BLACKROCK
ARCHER- DOES NOT EXPECT TOTAL NON-GAAP OPERATING EXPENSES FOR Q1 2025 TO MATERIALLY INCREASE OVER Q4 GUIDED RANGE

Source text: ID:nBw8WHKYra

Further company coverage: ACHR.N

((Reuters.Briefs@thomsonreuters.com;))

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