Stellantis Amends Archer Aviation Stake, Signals Continued eVTOL Bet

TL;DR

**Stellantis updated its Archer Aviation stake, signaling ongoing strategic interest.**

AI Summary

Stellantis N.V. filed an amended Schedule 13D/A on January 10, 2024, indicating a change in its beneficial ownership of Archer Aviation Inc. Class A Common Stock, $0.0001 par value per share, as of January 3, 2024. This amendment, the fifth for Stellantis, updates their previous disclosures regarding their investment in Archer Aviation. This matters to investors because it provides transparency into a major automotive company's ongoing strategic investment in an electric vertical takeoff and landing (eVTOL) aircraft developer, potentially signaling Stellantis's commitment to future mobility solutions and Archer's long-term viability.

Why It Matters

This filing shows Stellantis's continued involvement with Archer Aviation, which could impact Archer's stock price and future prospects as a key partner.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, indicating an update rather than a new, unexpected event, thus posing low immediate risk.

Analyst Insight

Investors should monitor future filings from Stellantis regarding Archer Aviation to gauge the evolving nature and extent of their strategic partnership, as this could influence Archer's operational and financial trajectory.

Key Players & Entities

• Stellantis N.V. (company) — the filing person and beneficial owner
• Archer Aviation Inc. (company) — the subject company and issuer of the securities
• Giorgio Fossati (person) — person authorized to receive notices for Stellantis N.V.
• $0.0001 (dollar_amount) — par value per share of Class A Common Stock

Forward-Looking Statements

• Stellantis will continue to be a significant strategic partner for Archer Aviation. (Archer Aviation Inc.) — high confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of
• $0.01 — e to Stellantis at an exercise price of $0.01per share. (d) Pursuant to the Forward

Filing Documents

• sc-13da01102024_stla.htm (SC 13D/A) — 121KB
• 0001605484-24-000002.txt ( ) — 123KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) and (b) See Items 7-13 of the cover pages and Item 3 above. The percentage calculations herein are based upon the statement in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, as filed with the SEC on November 9, 2023, that there were 254,266,961 shares of Class A Common Stock of the Issuer outstanding as of November 6, 2023, and also take into account (i) the 1,671,202 shares of Class A Common Stock issuable upon exercise of the FCA US Warrant, (ii) the 1,077,024 shares of Class A Common Stock issuable upon exercise of the FCA Italy Warrant and (iii) the 5,000,000 shares of Class A Common Stock issuable upon exercise of Tranche 1 of the Stellantis Warrant. (c) On January 3, 2024, Tranche 1 of the Stellantis Warrant became vested and exercisable. Upon exercise of Tranche 1 of the Stellantis Warrant, 5,000,000 shares of Class A Common Stock are issuable to Stellantis at an exercise price of $0.01per share. (d) Pursuant to the Forward Purchase Agreement, so long as Stellantis or its affiliates beneficially own Class A Common Stock equal to at least 12.5% of the Issuer's outstanding Class A Common Stock, it will have the right to nominate one individual for election to the Board as a Class II director at the Issuer's annual meeting of stockholders to occur in 2026 through the date of the Issuer's annual meeting of stockholders in 2029. Thus, so long as Stellantis' designated director remains on the Issuer's board, such director will participate in any board decisions regarding the receipt of dividends from, or the proceeds from the sale of, the Issuer's Common Stock. (e) Not applicable. CUSIP No. 03945R 102 SCHEDULE 13DA Page 9 of 9 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date January 10, 2024 STELLANTIS N.V. By s Giorgi

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View this SC 13D/A filing on SEC EDGAR