Archer Aviation Inc - Chief Financial Officer, Mark Mesler, Will Take Temporary Medical Leave
Archer Aviation Inc's CFO, Mark Mesler, is going on temporary medical leave, expected to return in Q1 2025. Priya Gupta will act as CFO during his absence. Additionally, a recent court order settled disputes with Boeing and Wisk Aero regarding warrants, confirming that shares are immediately exercisable, and asserts that Archer must pay Wisk prejudgment interest of $912.53 daily from March 21 to August 14.
Sept 9 (Reuters) - Archer Aviation Inc (ACHR.N) :
ARCHER AVIATION INC - CHIEF FINANCIAL OFFICER, MARK MESLER, WILL TAKE TEMPORARY MEDICAL LEAVE
ARCHER AVIATION INC: CURRENTLY ANTICIPATES MARK MESLER WILL RETURN TO HIS ROLE DURING Q1 2025.
ARCHER AVIATION INC - PRIYA GUPTA TO SERVE AS ACTING CFO AND ACTING PRINCIPAL FINANCIAL OFFICER
ARCHER AVIATION- ON SEPT 6 UNITED STATES DISTRICT COURT ENTERED ORDER ABOUT SETTLEMENT DEAL BETWEEN CO, BOEING, & WISK AERO LLC ENTERED IN AUG 2023
ARCHER AVIATION- ORDER ADDRESSED DISPUTE ABOUT EXERCISABILITY OF SECOND TRANCHE OF WARRANT ISSUED BY CO TO WISK POST SETTLEMENT AGREEMENT
ARCHER AVIATION INC - COURT DETERMINED THAT SHARES UNDERLYING SECOND TRANCHE OF WARRANT ARE IMMEDIATELY EXERCISABLE
ARCHER AVIATION - COURT DETERMINED CO MUST PAY WISK PREJUDGMENT INTEREST FOR PERIOD FROM MARCH 21 & AUGUST 14, AT $11,912.53 PER DAY
