Archer Aviation Files 8-K on Operations and Financial Condition

Ticker: ACHR-WT · Form: 8-K · Filed: Feb 26, 2024 · CIK: 1824502

Sentiment: neutral

Topics: financial-condition, operations, 8-K

TL;DR

**Archer Aviation just dropped an 8-K on its financials and operations, so keep an eye out for the details.**

AI Summary

Archer Aviation Inc. filed an 8-K on February 26, 2024, regarding its results of operations and financial condition. The filing, under SEC File Number 001-39668, indicates that the company, based in San Jose, CA, is providing current report information pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. This 8-K also includes financial statements and exhibits, with the company's CIK being 0001824502.

Why It Matters

This filing provides updated information on Archer Aviation's financial health and operational performance, which is crucial for investors to assess the company's current standing and future prospects in the electric vertical takeoff and landing (eVTOL) aircraft market.

Risk Assessment

Risk Level: medium — This 8-K is a standard disclosure of financial and operational results, not indicating any immediate high or low risk without further context of the actual results.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Archer Aviation Inc.?

The 8-K filing by Archer Aviation Inc. is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically addressing 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of February 26, 2024.

When was this 8-K report filed?

The Date of Report for this 8-K filing is February 26, 2024.

What is Archer Aviation Inc.'s SEC File Number?

Archer Aviation Inc.'s SEC File Number is 001-39668.

Where are Archer Aviation Inc.'s principal executive offices located?

Archer Aviation Inc.'s principal executive offices are located at 190 West Tasman Drive, San Jose, CA 95134.

What items are included in this 8-K filing?

This 8-K filing includes information under 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'.

Filing Stats: 643 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-02-26 16:03:44

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 26, 2024, Archer Aviation Inc. ("Archer" or the "Company") will hold a conference call regarding its financial results for the fourth quarter and full year ended December 31, 2023. Archer also issued a letter to its stockholders (the "Shareholder Letter") and a press release (the "Press Release") announcing its financial results for the fourth quarter and full year ended December 31, 2023. Copies of the Shareholder Letter and the Press Release are furnished herewith as Exhibit 99.1 and 99.2, respectively, to this Current Report on Form 8-K. Archer makes reference to non-GAAP financial information in both the Shareholder Letter and the Press Release. A reconciliation of GAAP to non-GAAP results is provided in the Shareholder Letter and the Press Release, as attached to this Current Report on Form 8-K. The information furnished with this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Letter to Shareholders, dated February 26, 2024 99.2 Press Release issued by Archer Aviation Inc., dated February 26, 2024 104 Cover Page Interactive Data File (formatted in the Inline XBRL and contained in Exhibit 101) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARCHER AVIATION INC. Date: February 26, 2024 By: /s/ Andy Missan Name: Andy Missan Title: Chief Legal Officer

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