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Archer Aviation | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-BlackRock, Inc.(6.0%)

SEC announcement · Jan 29 17:34

ACHR -1.25%

Summary by Moomoo AI

BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on January 29, 2024, indicating a significant ownership stake in Archer Aviation Inc. The filing reveals that BlackRock now beneficially owns 15,324,153 shares of Archer Aviation's Class A Common Stock, which represents 6.0% of the company's class of securities. This stake gives BlackRock sole voting power over 14,993,798 shares and sole dispositive power over all 15,324,153 shares it owns. The filing, which is required under the Securities Exchange Act of 1934, indicates that BlackRock's investment is held in the ordinary course of business and not for the purpose of changing or influencing the control of Archer Aviation. The address of Archer Aviation's principal executive offices is listed as 190 West Tasman Drive, San Jose, CA 95134.

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