---
title: "Archer Aviation, the aerial taxi company, significantly increased its issuance of new shares, causing its stock price to drop 16% after earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264915822.md"
description: "Aerial taxi manufacturer Archer Aviation announced a $650 million stock issuance plan, offering 81.25 million new shares, increasing the total number of shares to approximately 660 million, with the stock price dropping nearly 16%. The funds will be used for a $130 million acquisition project at Hawthorne Airport in Los Angeles, which will become a future hub for aerial taxi operations. The company reported a net loss of $130 million in the third quarter, lower than the market expectation of a $180 million loss. Archer has been selected as the official aerial taxi service provider for the 2028 Los Angeles Olympics"
datetime: "2025-11-07T17:16:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264915822.md)
  - [en](https://longbridge.com/en/news/264915822.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264915822.md)
---

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# Archer Aviation, the aerial taxi company, significantly increased its issuance of new shares, causing its stock price to drop 16% after earnings

Aerial taxi manufacturer Archer Aviation (ACHR.US) announced a $650 million stock issuance plan, offering 81.25 million new shares, increasing the company's outstanding shares from 390 million a year ago to approximately 660 million. The stock price fell nearly 16%.

The proceeds will fund its $130 million acquisition project at Los Angeles Hawthorne Airport, which will become the company's future aerial taxi operations hub.

The company recorded a net loss of $130 million in the third quarter, less than the market's expected loss of $180 million. Archer has been selected as the official aerial taxi service provider for the 2028 Los Angeles Olympics

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