# Archer Aviation to go public via merger with Atlas Crest Investment Corp

Archer Aviation, a developer of eVTOL aircraft, entered into a business combination agreement with Atlas Crest Investment Corp to list on the NYSE. The deal is expected to provide $1.1 billion in gross proceeds, including a $600 million PIPE.

- Type: Acquisition
- Announced: 2021-02-10
- Where: United States
- Value: $1.10B
- Status: announced
- Products: electric vertical takeoff and landing (eVTOL) aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Archer Aviation](https://endata.com/companies/53146.md) (target)
- [Atlas Crest Investment Corp](https://endata.com/companies/53147.md) (acquirer)

## Sources

- [investors.archer.com](https://investors.archer.com/news/news-details/2021/Archer-A-Leading-Urban-Air-Mobility-Company-To-List-On-NYSE-Through-Merger-With-Atlas-Crest-Investment-Corp/default.aspx), 2021-02-10: "Archer, a leading Urban Air Mobility company, has entered into a business combination agreement with Atlas Crest Investment Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.