Stellantis N.V. Amends Archer Aviation Filing

TL;DR

Stellantis N.V. filed an update on Archer Aviation Inc. ownership. #EVTOL #Auto

AI Summary

Stellantis N.V. filed an SC 13D/A amendment on July 3, 2024, related to Archer Aviation Inc. This filing indicates a change in the reporting of beneficial ownership for Archer Aviation Inc., which was formerly known as Atlas Crest Investment Corp. Stellantis N.V. is a major automotive manufacturer formed from the merger of Fiat Chrysler Automobiles and PSA Group.

Why It Matters

This filing clarifies ownership and reporting structures for Stellantis's involvement with Archer Aviation, a key player in the electric vertical takeoff and landing (eVTOL) aircraft sector.

Risk Assessment

Risk Level: low — This is a routine amendment to a Schedule 13D/A filing, primarily clarifying reporting and entity structures, rather than indicating a significant new investment or divestment.

Key Players & Entities

• Stellantis N.V. (company) — Filer of the SC 13D/A amendment
• Archer Aviation Inc. (company) — Subject company of the filing
• Atlas Crest Investment Corp. (company) — Former name of Archer Aviation Inc.
• Fiat Chrysler Automobiles N.V. (company) — Former name of Stellantis N.V.

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of
• $4.84 — rage of a range of purchase prices from $4.84 to $4.97. (3) Represents the weighted
• $4.97 — range of purchase prices from $4.84 to $4.97. (3) Represents the weighted average o
• $5.01 — rage of a range of purchase prices from $5.01 to $5.33. On July 1, 2024, the Issuer
• $5.33 — range of purchase prices from $5.01 to $5.33. On July 1, 2024, the Issuer issued a
• $54,999,998.30 — ntis for an aggregate purchase price of $54,999,998.30 ($3.1607 per share). This transaction w
• $3.1607 — egate purchase price of $54,999,998.30 ($3.1607 per share). This transaction was consum

Filing Documents

• sc-13da07012024_stla.htm (SC 13D/A) — 126KB
• 0001605484-24-000098.txt ( ) — 129KB

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 March 31, 2024, as filed with the SEC on May 9, 2024, that there were 285,344,759 shares of Class A Common Stock of the Issuer outstanding as of May 3, 2024, and also take into account (i) the 17,401,153 shares of Class A Common Stock issued to Stellantis by the Issuer as described in Item 5(c) of this Amendment, (ii) the 1,671,202 shares of Class A Common Stock issuable upon exercise of the FCA US Warrant, (iii) the 1,077,024 shares of Class A Common Stock issuable upon exercise of the FCA Italy Warrant and (iv) the 5,000,000 shares of Class A Common Stock issuable upon exercise of Tranche 1 of the Stellantis Warrant. (c) The following table lists all open market transactions in Class A Common Stock that were effectuated subsequent to the transactions reported on Amendment No. 7, filed with the SEC on March 15, 2024. All transactions were effectuated through a broker. Trade Date PurchaseSale No. of Shares Price Per Share (1) 3152024 Purchase 9,500 4.9248 (2) 3152024 Purchase 740,500 5.1955 (3) (1) Weighted average purchase prices. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Issuer or any stockholder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price. (2) Represents the weighted average of a range of purchase prices from $4.84 to $4.97. (3) Represents the weighted average of a range of purchase prices from $5.01 to $5.33. On July 1, 2024, the Issuer issued and sold 17,401,153 shares of Class A Common Stock to Stellantis for an aggregate purchase price of $54,999,998.30 ($3.1607 per share). This transaction was consummated pursuant to the Forward Purchase Agreement (as defined in Item

View Full Filing

View this SC 13D/A filing on SEC EDGAR