Archer Aviation Issues $5M in Stock Warrants for Services Amid Growth Strategy
Archer Aviation (ACHR), a key player in the eVTOL sector, has filed a prospectus to issue $5 million in warrants tied to its Class A common stock. These warrants, granted as compensation to a service provider, carry a nominal exercise price of $0.01 per share—a stark contrast to the current market price of $11.29. The warrants will vest incrementally, with milestones tied to performance metrics.
The company's share-based compensation structure introduces a dynamic adjustment mechanism: the number of shares issued fluctuates inversely with the stock price. As Archer's shares gained 3.48% on Friday, this pricing model ensures service providers receive equitable value regardless of market volatility.