Archer Aviation, the aerial taxi company, significantly increased its issuance of new shares, causing its stock price to drop 16% after earnings

AASTOCKS
2025.11.07 17:16

Aerial taxi manufacturer Archer Aviation (ACHR.US) announced a $650 million stock issuance plan, offering 81.25 million new shares, increasing the company's outstanding shares from 390 million a year ago to approximately 660 million. The stock price fell nearly 16%.

The proceeds will fund its $130 million acquisition project at Los Angeles Hawthorne Airport, which will become the company's future aerial taxi operations hub.

The company recorded a net loss of $130 million in the third quarter, less than the market's expected loss of $180 million. Archer has been selected as the official aerial taxi service provider for the 2028 Los Angeles Olympics

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