On July 1, 2024, Archer Aviation Inc. closed the transaction. The company has issued 17,401,153 shares of Class A common stock, par value $0.0001 per share to Stellantis at a price per share of $3.16071 for gross proceeds of approximately $54,999,998.29863? in its third and final tranche closing.

The company has received total $149,939,166 as gross proceeds through the issuance of 36,051,426 in the transaction.