Archer Aviation Inc. 8-K Report: Key Financial Insights for February 2025
Here are the key pieces of information extracted from the provided financial report section:
- Entity Information:
- Company Name: Archer Aviation Inc.
- CIK: 0001824502
- SEC File Number: 001-39668
- EIN: 85-2730902
- Address: 190 West Tasman Drive, San Jose, CA 95134
- Phone Number: 650-272-3233
- Filing Type:
- Form: 8-K
- Filing Date: February 11, 2025
- Stock Information:
- Class A Common Stock:
- Par Value: $0.0001 per share
- Ticker Symbol: ACHR (listed on NYSE)
- Warrants:
- Each warrant is exercisable for one share of Class A common stock.
- Exercise Price: $11.50 per share
- Ticker Symbol: ACHR WS (listed on NYSE)
- Contextual Information:
- The reporting period is on February 11, 2025, indicating a specific snapshot in time for the company's financial condition or events.
- The data is reported in USD and shares.
- Dimensions:
- The report contains explicit members for different classes of stock, namely Common Stock and Warrants, which are important for understanding the capital structure.
Insights:
- Warrants as a Financial Instrument: The presence of warrants exercisable at a price of $11.50 suggests a potential for future capital inflow if exercised, which could be relevant for assessing the company’s future liquidity or capital strategy.
- Common Stock Structure: The low par value of Class A common stock indicates a typical structure for startups or growth companies, allowing for a larger number of shares to be issued without a high par value burden.
- Snapshot Timing: The filing provides a specific date for the information, which may be critical for investors looking to understand the company’s performance or changes in its financial structure around that time.
This information is essential for investors, analysts, and stakeholders to gauge the company's financial health and investment potential.