Archer Aviation (ACHR) Clears Share Registration as Launch Plans Edge Closer
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Archer Aviation (ACHR) has filed SEC paperwork allowing a small group of shareholders to resell up to 341,984 shares issued during a business acquisition. The company will not receive any proceeds from these sales, and this filing does not indicate a capital raise or new share issuance. The share count is minor compared to Archer's total of over 651 million shares. ACHR shares fell 4.44% to close at $8.61 on Friday.
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