Archer Aviation decreases about 15 % on the sale of shares $ 850 million

Artcher AviationA share of about 15 % fell on Friday after the air taxi maker said that He sold 850 million dollars You deserve shares.

On Thursday, the Electric IVTO, or EVTOL company, said on Thursday that it plans to use financing to support the new infrastructure and launch an intelligent airline software platform. The funds will also support the version program, including an official partnership to provide air car services during the 2028 Olympics in Los Angeles.

Artcher said that the financing round included the sale of 85 million shares at a price of $ 10 each, and the company gives the PRO FORMA website of about $ 2 billion.

“We now have the strongest public budget in this sector and the resources we need to implement here in the United States and abroad,” Adam Goldstein, founder and CEO of Adam Goldstein said in a statement. “The future of Artcher cannot be brighter.”

The stock offer comes after the president Donald Trump I recently signed an executive order that created a experimental program to support the development and publication of more EvTol vehicles in the US stocks for both Archer and Componitor Judy flight This week, the news was gathered.

The demand for EVTOL companies has swollen in recent years as developers raise the ability of technology to reduce emissions and reduce traffic congestion. Technology faces many organizational and safety obstacles in this process.

Artcher has already collaborated with United Airways To launch an airport Air taxi service. Last month, the competitor Jubby Avenchen said he had received The first $ 250 million From a $ 500 million contract with Carmaker Toyota to support EVTOLs ratification and production.

Artcher is scheduled to display its aircraft in the middle of the night at the Paris Air Show this month. The United Arab Emirates will be the company The first launch market.