Why Archer Aviation Stock Is Sinking Today
Archer Aviation (ACHR) The Motley Fool·2024-11-14 00:43
Archer is selling more stock in order to raise funds, and some investors aren't happy about it.Archer Aviation (ACHR -9.49%) stock is seeing big sell-offs in Wednesday's trading. The flying electric vehicle company's share price was down 8.6% as of 11:15 a.m. ET.Before the market opened this morning, Archer Aviation submitted a filing to the Securities and Exchange Commission (SEC) indicating that it plans to create and sell new stock. The company has entered into an agreement to sell up to $70 million wort ...