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Startup Archer Aircraft To Go Public Via SPAC

The transaction gives Archer an implied pro forma equity value of $3.8 billion at the $10-per-share private investment in public equity (PIPE) price.

Credit: Archer

From TheStreet.com….

Archer, a developer of all-electric take-off and landing aircraft, Wednesday announced a merger with special purpose acquisition company Atlas Crest Investment ACIC.

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