An investigation for investors in Archer Aviation Inc. (NYSE:ACHR) shares over potential securities laws violations by Archer Aviation Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/30/2023 -- An investigation was announced over potential securities laws violations by Archer Aviation Inc. f.k.a. Atlas Crest Investment Corp.
Investors who purchased shares of Archer Aviation Inc. (NYSE: ACHR), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Archer Aviation Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Palo Alto, CA based Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers.
On September 16, 2021, Archer Aviation Inc. announced that it has closed its business combination with Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company. Upon the completion of the transaction, Atlas Crest changed its name to "Archer Aviation Inc." Archer's common stock and warrants commenced trading on the New York Stock Exchange ("NYSE") on September 17, 2021, under the ticker symbols "ACHR" and "ACHR WS", respectively.
Shares of Archer Aviation Inc. (NYSE: ACHR) declined to as low as $1.62 per share on December 27, 2022.
Those who purchased shares of Archer Aviation Inc. (NYSE: ACHR) have certain options and should contact the Shareholders Foundation.
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