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Archer Aviation | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Stellantis N.V(15.1%),Stellantis Europe S.p.A(3.1%), etc.

SEC announcement ·  Mar 8 16:33
Summary by Moomoo AI
On March 6, 2024, Stellantis N.V. and its affiliates, including FCA US LLC, FCA North America Holdings LLC, FCA Foreign Sales Holdco Ltd., SFS UK 1 Limited, and Stellantis Europe S.p.A., filed an amendment to their Schedule 13D/A with the SEC, indicating a change in their holdings of Archer Aviation Inc.'s Class A Common Stock. The filing, which is the sixth amendment, shows that Stellantis N.V. and its affiliates collectively own 42,399,946 shares, representing 15.1% of the class. The filing also details recent open market purchases of Archer Aviation's stock, with transactions occurring between March 4 and March 7, 2024, totaling 3,603,583 shares at prices ranging from $4.22 to $4.51 per share. Additionally, the filing outlines the rights associated with the Forward Purchase Agreement, which grants Stellantis the right to nominate a director to Archer Aviation's Board as long as they maintain at least a 12.5% ownership stake. The filing was certified by Giorgio Fossati, General Counsel of Stellantis N.V., on March 8, 2024.
On March 6, 2024, Stellantis N.V. and its affiliates, including FCA US LLC, FCA North America Holdings LLC, FCA Foreign Sales Holdco Ltd., SFS UK 1 Limited, and Stellantis Europe S.p.A., filed an amendment to their Schedule 13D/A with the SEC, indicating a change in their holdings of Archer Aviation Inc.'s Class A Common Stock. The filing, which is the sixth amendment, shows that Stellantis N.V. and its affiliates collectively own 42,399,946 shares, representing 15.1% of the class. The filing also details recent open market purchases of Archer Aviation's stock, with transactions occurring between March 4 and March 7, 2024, totaling 3,603,583 shares at prices ranging from $4.22 to $4.51 per share. Additionally, the filing outlines the rights associated with the Forward Purchase Agreement, which grants Stellantis the right to nominate a director to Archer Aviation's Board as long as they maintain at least a 12.5% ownership stake. The filing was certified by Giorgio Fossati, General Counsel of Stellantis N.V., on March 8, 2024.
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