{"id":311813,"date":"2021-07-30T02:17:18","date_gmt":"2021-07-29T23:17:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/archer-aviation-says-its-enterprise-value-has-been-cut-by-1b\/"},"modified":"2021-07-30T02:17:18","modified_gmt":"2021-07-29T23:17:18","slug":"archer-aviation-says-its-enterprise-value-has-been-cut-by-1b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/archer-aviation-says-its-enterprise-value-has-been-cut-by-1b\/","title":{"rendered":"#Archer Aviation says its enterprise value has been cut by $1B"},"content":{"rendered":"

“#Archer Aviation says its enterprise value has been cut by $1B<\/strong>”<\/p>\n

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Electric\u00a0aircraft startup\u00a0Archer Aviation\u2019s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal,\u00a0Archer\u00a0and blank-check firm Atlas Crest Investment said on Thursday.<\/p>\n

The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition companies (SPACs) taking many companies, often loss-making or even without revenue, public at too-high valuations.<\/p>\n

SPACs allow investors to list a shell company on public markets before they have identified a business to buy, which provides a speedier alternative to a traditional initial public offering route.<\/p>\n

In excess of $115.6 billion has been raised via more than 400 SPACs this year, mainly on Wall Street where SPACs make up two thirds of all IPOs. <\/p>\n

Archer, which makes\u00a0electric\u00a0aircraft with vertical take-off and landing, said in February it would go public through a merger deal with Atlas Crest.<\/p>\n

The combined company is still expected to receive about $1.1 billion of gross proceeds as part of the deal,\u00a0Archer\u00a0and Atlas said.<\/p>\n

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\"Jennifer
Archer Aviation investors include Jennifer Lopez and Alex Rodriguez.<\/figcaption>
Getty Images for Palm Springs International Film Festival<\/span><\/figcaption><\/figure>\n<\/div>\n

Archer\u00a0also app<\/a>ointed Oscar Munoz, former United Airlines chief executive officer, to the company\u2019s board.<\/p>\n

Archer \u2014 whose investors include United Airlines and the auto giant that controls Fiat-Chrysler and Ferrari, as well as Alex Rodriguez and Jennifer Lopez\u00a0\u2014 has previously said it has an order from United Airlines worth $1 billion and an option for an additional $500 million of aircraft.<\/p>\n

\u201cWe look forward to deepening our work with this innovative company as they develop an urban mobility solution that could transform how customers commute within United\u2019s hub cities,\u201d a United Airlines spokesperson said.<\/p>\n

Atlas declined to provide further details on the new deal, and\u00a0Archer\u00a0did not respond to a Reuters request for comment.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Archer Aviation says its enterprise value has been cut by $1B” Electric\u00a0aircraft startup\u00a0Archer Aviation\u2019s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal,\u00a0Archer\u00a0and blank-check firm Atlas Crest Investment said on Thursday. The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition…<\/p>\n","protected":false},"author":1,"featured_media":311814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/archer-aviation-down-1billion.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[113015,109525,33355,70917],"class_list":["post-311813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-29-21","tag-private-aviation","tag-silicon-valley","tag-startups"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/311813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=311813"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/311813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/311814"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=311813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=311813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=311813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}