Ticker LaunchSPAC · Merger completed
Atlas Crest Investment Corp.
Business combination with Archer Aviation Inc.
Atlas Crest Investment Corp. is a blank-check company (SPAC) that raised $500M in its initial public offering on Oct 29, 2020, listing on New York Stock Exchange. It completed its business combination with Archer Aviation Inc. on Sep 16, 2021; the combined company is Archer Aviation Inc. (ACHR). Moelis led the IPO. Ellenoff Grossman & Schole advised the SPAC and Kirkland & Ellis advised the underwriters on the IPO.
Archer Aviation Inc. designs and develops electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The aircraft are intended to carry passengers for 60 miles at speeds up to 150 mph with minimal noise.
- Status
- Merger completed
- IPO date
- Oct 29, 2020
- IPO size
- $500M
- IPO exchange
- New York Stock Exchange
- Target
- Archer Aviation Inc. (Legacy Archer)
- Announced
- Feb 10, 2021
- Closed
- Sep 16, 2021
- Combined company
- Archer Aviation Inc. (ACHR)
- IPO underwriters
- Moelis
- SPAC counsel (IPO)
- Ellenoff Grossman & Schole
- Underwriters' counsel (IPO)
- Kirkland & Ellis
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Oct 29, 2020
- Deal announcement (8-K) Feb 10, 2021
- Press release
- All filings on EDGAR CIK 1824502
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