Archer, a leading Urban Air Mobility (“UAM”) company and developer
of all-electric vertical take-off and landing (“eVTOL”) aircraft,
announced today that it will present at the 14th Annual Wolfe
Research Global Transportation & Industrials Conference.
Members of management will present on Thursday, May 27, at 2:10 pm
ET. A webcast of the event will be available at the link HERE.
Archer has previously announced a merger
agreement with Atlas Crest Investment Corp. (NYSE: ACIC), a special
purpose acquisition company (SPAC), that would result in Archer
becoming a publicly listed company.
About Atlas CrestAtlas Crest
Investment Corp. (NYSE: ACIC) is a special purpose acquisition
company formed for the purpose of effecting a merger, stock
purchase or similar business combination with one or more
businesses and is sponsored by an affiliate of Moelis &
Company, a leading global financial advisor to corporate
executives, boards, entrepreneurs, financial sponsors and
governments. The management team is led by Ken Moelis, Chairman,
and Michael Spellacy, Chief Executive Officer, both of whom have
had careers centered around identifying, evaluating and
implementing organic and inorganic transformational growth and
value creation initiatives across a broad range of industries.
Atlas Crest priced its $500 million initial public offering on
October 27, 2020.
About ArcherArcher’s mission is
to advance the benefits of sustainable air mobility. Archer’s goal
is to move people throughout the world's cities in a quick, safe,
sustainable, and cost-effective manner. Archer is designing and
developing electric vertical takeoff and landing (eVTOL) aircraft
for use in Urban Air Mobility that can carry passengers for 60
miles at speeds of up to 150 mph while producing minimal noise.
Archer's team is based in Palo Alto, CA. To learn more, visit
www.archer.com
Forward Looking Statements
Certain statements made herein are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook”
and similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding future events, the Business Combination
between Atlas Crest Investment Corp. (“Atlas Crest”) and Archer
Aviation Inc. (“Archer”), the estimated or anticipated future
results and benefits of the combined company following the Business
Combination, including the likelihood and ability of the parties to
successfully consummate the Business Combination, future
opportunities for the combined company, and other statements that
are not historical facts. These statements are based on the current
expectations of Atlas Crest’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on, by any investor as a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Atlas Crest and
Archer. These statements are subject to a number of risks and
uncertainties regarding Atlas Crest’s businesses and the Business
Combination, and actual results may differ materially. These risks
and uncertainties include, but are not limited to, the early stage
nature of Archer’s business and its past and projected future
losses; Archer’s ability to manufacture and deliver aircraft and
its impact on the risk of investment; Archer’s dependence on United
Airlines for its current aircraft orders and development process,
and the risk that United Airlines cancels its contracts with
Archer; risks relating to the uncertainty of the projections
included in the model; the effectiveness of Archer’s marketing and
growth strategies, including its ability to effectively market air
transportation as a substitute for conventional methods of
transportation; Archer’s ability to compete in the competitive
urban air mobility and eVTOL industries; Archer’s ability to obtain
expected or required certifications, licenses, approvals, and
authorizations from transportation authorities; Archer’s ability to
achieve its business milestones and launch products on anticipated
timelines; Archer’s dependence on suppliers and service partners
for the parts and components in its aircraft; Archer’s ability to
develop commercial-scale manufacturing capabilities; regulatory
requirements and other obstacles outside of Archer’s control that
slow market adoption of electric aircraft, such as Archer’s
inability to obtain and maintain adequate facilities and Vertiport
infrastructure; Archer’s ability to hire, train and retain
qualified personnel; risks related to Archer’s Aerial Ride Sharing
Business operating in densely populated metropolitan areas and
heavily regulated airports; adverse publicity from accidents
involving aircraft, helicopters or lithium-ion battery cells; the
impact of labor and union activities on Archer’s work force; losses
resulting from indexed price escalation clauses in purchase orders
and cost overruns; regulatory risks related to evolving laws and
regulations in Archer’s industries; the impact of the COVID-19
pandemic on Archer’s business and the global economy; the inability
of the parties to successfully or timely consummate the proposed
business combination, including the risk that any required
regulatory approvals are not obtained, are delayed or are subject
to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the proposed business
combination or that the approval of the stockholders of Atlas Crest
or Archer is not obtained; a decline in Archer’s securities
following the business combination if it fails to meet the
expectations of investors or securities analysts; Archer’s
inability to protect its intellectual property rights from
unauthorized use by third parties; Archer’s need for and the
availability of additional capital; cybersecurity risks; the dual
class structure of Archer’s common stock, which will limit other
investors’ ability to influence corporate matters; the amount of
redemption requests made by Atlas Crest’s public stockholders; the
ability of Atlas Crest or the combined company to issue equity or
equity-linked securities in connection with the proposed business
combination or in the future, and those factors discussed in Atlas
Crest’s final prospectus filed on October 29, 2020, and Annual
Report on Form 10-K as of and for the year ended December 31, 2020,
in each case, under the heading “Risk Factors,” and other documents
of Atlas Crest filed, or to be filed, with the U.S. Securities and
Exchange Commission (“SEC”). If any of these risks materialize
or if assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. There may be additional risks that neither Atlas Crest
nor Archer presently know or that Atlas Crest and Archer currently
believe are immaterial that could also cause actual results to
differ from those contained in the forward-looking statements. In
addition, forward-looking statements reflect Atlas Crest’s and
Archer’s expectations, plans or forecasts of future events and
views as of the date of this communication. Atlas Crest and Archer
anticipate that subsequent events and developments will cause Atlas
Crest’s and Archer’s assessments to change. However, while Atlas
Crest and Archer may elect to update these forward-looking
statements at some point in the future, Atlas Crest and Archer
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Atlas Crest’s or Archer’s assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Additional Information
This communication may be deemed solicitation
material in respect of the proposed business combination between
Atlas Crest and Archer (the “Business Combination”). This
communication does not constitute a solicitation of any vote or
approval. In connection with the proposed Business Combination,
Atlas Crest has filed on March 8, 2021 a Registration
Statement on Form S-4 (the “Registration Statement”) with the
SEC, which includes a preliminary prospectus and preliminary proxy
statement. Atlas Crest may also file other documents with the SEC
regarding the Business Combination. Atlas Crest will mail a
definitive proxy statement/final prospectus and other relevant
documents to its shareholders. This communication is not a
substitute for the Registration Statement, the definitive proxy
statement/final prospectus or any other document that Atlas Crest
will send to its shareholders in connection with the Business
Combination. Investors and security holders of Atlas
Crest are advised to read, when available, the proxy
statement/prospectus in connection with Atlas Crest’s solicitation
of proxies for its extraordinary general meeting of shareholders to
be held to approve the Business Combination (and related matters)
because the proxy statement/prospectus will contain important
information about the Business Combination and the parties to the
Business Combination. The definitive proxy
statement/final prospectus will be mailed to shareholders of Atlas
Crest as of a record date to be established for voting on the
Business Combination. Shareholders will also be able to obtain
copies of the proxy statement/prospectus, without charge, once
available, at the SEC’s website at www.sec.gov or by directing a
request to: 399 Park Avenue New York, New York 10022.
Participants in
Solicitation
Atlas Crest, Archer and their respective
directors, executive officers, other members of management, and
employees, under SEC rules, may be deemed to be participants in the
solicitation of proxies of Atlas Crest’s shareholders in connection
with the Business Combination. Investors and security
holders may obtain more detailed information regarding the names
and interests in the Business Combination of Atlas Crests’
directors and officers in Atlas Crest’s filings with the SEC,
including the Registration Statement to be filed with the SEC by
Atlas Crest, which will include the proxy statement of Atlas Crest
for the Business Combination, and such information and names of
Archer’s directors and executive officers will also be in the
Registration Statement to be filed with the SEC by Atlas Crest,
which will include the proxy statement of Atlas Crest for the
Business Combination.
Disclaimer
This communication is for informational purposes
only and is neither an offer to purchase, nor a solicitation of an
offer to sell, subscribe for or buy any securities or the
solicitation of any vote in any jurisdiction pursuant to the
Business Combination or otherwise, nor shall there be any sale,
issuance or transfer or securities in any jurisdiction in
contravention of applicable law. No offer of securities shall be
made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act.
Contacts:
For MediaLouise
BristowArcherlouise.bristow@archer.com archer@launchsquad.com
Andrea HurstMoelis &
Companyandrea.hurst@moelis.com
Investor
Relationsinvestors@flyarcher.com
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