BRIEF-Archer Raises $300M From Institutional Investors
ReutersFeb 11, 2025 2:09 PM
Feb 11 (Reuters) - Archer Aviation ACHR.N:
ARCHER RAISES $300M FROM LEADING INSTITUTIONAL INVESTORS TO ACCELERATE HYBRID AIRCRAFT PLATFORM DEVELOPMENT AS DEFENSE OPPORTUNITIES LOOK STRONGER THAN EXPECTED
ARCHER- LEADING INSTITUTIONAL INVESTORS PARTICIPATED IN FINANCING, INCLUDING FUNDS AND ACCOUNTS MANAGED BY BLACKROCK
ARCHER- DOES NOT EXPECT TOTAL NON-GAAP OPERATING EXPENSES FOR Q1 2025 TO MATERIALLY INCREASE OVER Q4 GUIDED RANGE
Source text: ID:nBw8WHKYra
Further company coverage: ACHR.N
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