Summary by Moomoo AI
ARK Investment Management LLC, an investment adviser based in Delaware, United States, has filed an amended Schedule 13G with the Securities and Exchange Commission on March 11, 2024, indicating a significant stake in Archer Aviation Inc. According to the filing, ARK Investment Management LLC owns 28,866,814 shares of Archer Aviation's Class A Common Stock, which represents 10.60% of the class. The filing, which is an amendment number 4, shows that ARK Investment has sole voting power over 27,439,210 shares and shared voting power over 800,252 shares. The firm has sole dispositive power over all the shares it owns, with no shared dispositive power reported. The filing was made in accordance with Rule 13d-1(b) under the Securities Exchange Act of 1934, and it states that the shares were acquired in the ordinary course of business, not with the purpose of changing or influencing the control of Archer Aviation.