Archer, a leading Urban Air Mobility (“UAM”) company and
developer of all-electric vertical take-off and landing (“eVTOL”)
aircraft, announced today that it will present at the BofA
Securities Transportation, Airlines & Industrials Conference.
Members of management will present on Wednesday, May 19, at 12:40
pm ET. A webcast of the event will be available at the link
HERE.
Archer has previously announced a merger agreement with Atlas
Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition
company (SPAC), that would result in Archer becoming a publicly
listed company.
About Atlas Crest
Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose
acquisition company formed for the purpose of effecting a merger,
stock purchase or similar business combination with one or more
businesses and is sponsored by an affiliate of Moelis &
Company, a leading global financial advisor to corporate
executives, boards, entrepreneurs, financial sponsors and
governments. The management team is led by Ken Moelis, Chairman,
and Michael Spellacy, Chief Executive Officer, both of whom have
had careers centered around identifying, evaluating and
implementing organic and inorganic transformational growth and
value creation initiatives across a broad range of industries.
Atlas Crest priced its $500 million initial public offering on
October 27, 2020.
About Archer
Archer’s mission is to advance the benefits of sustainable air
mobility. Archer’s goal is to move people throughout the world's
cities in a quick, safe, sustainable, and cost-effective manner.
Archer is designing and developing electric vertical takeoff and
landing (eVTOL) aircraft for use in Urban Air Mobility that can
carry passengers for 60 miles at speeds of up to 150 mph while
producing minimal noise. Archer's team is based in Palo Alto, CA.
To learn more, visit www.archer.com
Forward Looking Statements
Certain statements made herein are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. Forward-looking statements generally are accompanied by words
such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook” and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding future events, the Business Combination
between Atlas Crest Investment Corp. (“Atlas Crest”) and Archer
Aviation Inc. (“Archer”), the estimated or anticipated future
results and benefits of the combined company following the Business
Combination, including the likelihood and ability of the parties to
successfully consummate the Business Combination, future
opportunities for the combined company, and other statements that
are not historical facts. These statements are based on the current
expectations of Atlas Crest’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on, by any investor as a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Atlas Crest and
Archer. These statements are subject to a number of risks and
uncertainties regarding Atlas Crest’s businesses and the Business
Combination, and actual results may differ materially. These risks
and uncertainties include, but are not limited to, the early stage
nature of Archer’s business and its past and projected future
losses; Archer’s ability to manufacture and deliver aircraft and
its impact on the risk of investment; Archer’s dependence on United
Airlines for its current aircraft orders and development process,
and the risk that United Airlines cancels its contracts with
Archer; risks relating to the uncertainty of the projections
included in the model; the effectiveness of Archer’s marketing and
growth strategies, including its ability to effectively market air
transportation as a substitute for conventional methods of
transportation; Archer’s ability to compete in the competitive
urban air mobility and eVTOL industries; Archer’s ability to obtain
expected or required certifications, licenses, approvals, and
authorizations from transportation authorities; Archer’s ability to
achieve its business milestones and launch products on anticipated
timelines; Archer’s dependence on suppliers and service partners
for the parts and components in its aircraft; Archer’s ability to
develop commercial-scale manufacturing capabilities; regulatory
requirements and other obstacles outside of Archer’s control that
slow market adoption of electric aircraft, such as Archer’s
inability to obtain and maintain adequate facilities and Vertiport
infrastructure; Archer’s ability to hire, train and retain
qualified personnel; risks related to Archer’s Aerial Ride Sharing
Business operating in densely populated metropolitan areas and
heavily regulated airports; adverse publicity from accidents
involving aircraft, helicopters or lithium-ion battery cells; the
impact of labor and union activities on Archer’s work force; losses
resulting from indexed price escalation clauses in purchase orders
and cost overruns; regulatory risks related to evolving laws and
regulations in Archer’s industries; the impact of the COVID-19
pandemic on Archer’s business and the global economy; the inability
of the parties to successfully or timely consummate the proposed
business combination, including the risk that any required
regulatory approvals are not obtained, are delayed or are subject
to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the proposed business
combination or that the approval of the stockholders of Atlas Crest
or Archer is not obtained; a decline in Archer’s securities
following the business combination if it fails to meet the
expectations of investors or securities analysts; Archer’s
inability to protect its intellectual property rights from
unauthorized use by third parties; Archer’s need for and the
availability of additional capital; cybersecurity risks; the dual
class structure of Archer’s common stock, which will limit other
investors’ ability to influence corporate matters; the amount of
redemption requests made by Atlas Crest’s public stockholders; the
ability of Atlas Crest or the combined company to issue equity or
equity-linked securities in connection with the proposed business
combination or in the future, and those factors discussed in Atlas
Crest’s final prospectus filed on October 29, 2020, and Annual
Report on Form 10-K as of and for the year ended December 31, 2020,
in each case, under the heading “Risk Factors,” and other documents
of Atlas Crest filed, or to be filed, with the U.S. Securities and
Exchange Commission (“SEC”). If any of these risks materialize or
if assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. There may be additional risks that neither Atlas Crest
nor Archer presently know or that Atlas Crest and Archer currently
believe are immaterial that could also cause actual results to
differ from those contained in the forward-looking statements. In
addition, forward-looking statements reflect Atlas Crest’s and
Archer’s expectations, plans or forecasts of future events and
views as of the date of this communication. Atlas Crest and Archer
anticipate that subsequent events and developments will cause Atlas
Crest’s and Archer’s assessments to change. However, while Atlas
Crest and Archer may elect to update these forward-looking
statements at some point in the future, Atlas Crest and Archer
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Atlas Crest’s or Archer’s assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Additional Information
This communication may be deemed solicitation material in
respect of the proposed business combination between Atlas Crest
and Archer (the “Business
Combination”). This communication does not constitute a
solicitation of any vote or approval. In connection with the
proposed Business Combination, Atlas Crest has filed on March 8,
2021 a Registration Statement on Form S-4 (the “Registration Statement”) with the SEC, which
includes a preliminary prospectus and preliminary proxy statement.
Atlas Crest may also file other documents with the SEC regarding
the Business Combination. Atlas Crest will mail a definitive proxy
statement/final prospectus and other relevant documents to its
shareholders. This communication is not a substitute for the
Registration Statement, the definitive proxy statement/final
prospectus or any other document that Atlas Crest will send to its
shareholders in connection with the Business Combination.
Investors and security holders of Atlas Crest are advised to
read, when available, the proxy statement/prospectus in connection
with Atlas Crest’s solicitation of proxies for its extraordinary
general meeting of shareholders to be held to approve the Business
Combination (and related matters) because the proxy
statement/prospectus will contain important information about the
Business Combination and the parties to the Business
Combination. The definitive proxy statement/final prospectus
will be mailed to shareholders of Atlas Crest as of a record date
to be established for voting on the Business Combination.
Shareholders will also be able to obtain copies of the proxy
statement/prospectus, without charge, once available, at the SEC’s
website at www.sec.gov or by directing a request to: 399 Park
Avenue New York, New York 10022.
Participants in Solicitation
Atlas Crest, Archer and their respective directors, executive
officers, other members of management, and employees, under SEC
rules, may be deemed to be participants in the solicitation of
proxies of Atlas Crest’s shareholders in connection with the
Business Combination. Investors and security holders may obtain
more detailed information regarding the names and interests in the
Business Combination of Atlas Crests’ directors and officers in
Atlas Crest’s filings with the SEC, including the Registration
Statement to be filed with the SEC by Atlas Crest, which will
include the proxy statement of Atlas Crest for the Business
Combination, and such information and names of Archer’s directors
and executive officers will also be in the Registration Statement
to be filed with the SEC by Atlas Crest, which will include the
proxy statement of Atlas Crest for the Business Combination.
Disclaimer
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the Business Combination
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210513006009/en/
For Media Louise Bristow Archer louise.bristow@archer.com
archer@launchsquad.com
Andrea Hurst Moelis & Company andrea.hurst@moelis.com
Investor Relations investors@flyarcher.com
Atlas Crest Investment (NYSE:ACIC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Atlas Crest Investment (NYSE:ACIC)
Historical Stock Chart
From Sep 2023 to Sep 2024