Summary by Moomoo AI
Archer Aviation Inc., a company incorporated in Delaware, has filed a Form S-8 registration statement with the U.S. Securities and Exchange Commission (SEC) on February 29, 2024. The filing is intended to register additional shares for the company's equity incentive plans. Specifically, Archer Aviation is registering 15,320,111 additional shares of Class A common stock for its Amended and Restated 2021 Equity Incentive Plan and 2,679,473 additional shares for its 2021 Employee Stock Purchase Plan. These registrations are pursuant to the annual automatic increase provisions in the respective plans. The registration statement incorporates by reference the contents of Archer Aviation's previous Form S-8 filings and its Annual Report on Form 10-K for the year ended December 31, 2023. The company has also included the interests of named experts and counsel, with individuals associated with Fenwick & West LLP owning 11,505 shares of the company's Class A Common Stock.