ACIC Atlas Crest Investment Corp

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A (Amendment No. 1)

(Mark One)

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☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2021

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                  to                 

Commission File Number 001-39668

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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒  No ☐

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Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files). Yes ☒  No ☐

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  ☒  No ☐

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As of August 12, 2021, there were 50,000,000 shares of the registrant’s Class A common stock, par value $0.0001 per share, issued and outstanding, and 12,500,000 shares of the registrant’s Class B common stock, par value $0.0001 per share, issued and outstanding.

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EXPLANATORY NOTE

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The sole purpose of this Amendment No. 1 to the Atlas Crest Investment Corp. (the “Company”) 10-Q Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 (the “Original Form 10-Q”), as filed with the Securities and Exchange Commission on August 16, 2021, is to correct a typographical error in a statement made in “Part 1: Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operation –Overview – Proposed Business Combination” regarding the tentative trial date for the litigation between Wisk Aero LLC (“Wisk”) and Archer Aviation Inc. (“Archer”).  The sentence in the Original Form 10-Q stated that the trial was tentatively set for November 28, 2021.  The correct tentative trial date is November 28, 2022.  No other items of the Original Form 10-Q are being amended. This Amendment No. 1 does not reflect subsequent events occurring after the original filing date of the Original Form 10-Q or modify or update in any way disclosures made in the Original Form 10-Q other than the tentative trial date set forth above.

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