Archer Aviation: Set To Take Flight After Deal Cut
Archer Aviation is a far better deal after the valuation was cut and the stock price has fallen 50%. The company still appears on a path to releasing an eVTOL in 2024. The stock faces too much SPAC closing risk with the stock below $10 to buy here. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More » Only about 6 months ago, Atlas Crest Investment Corp. ( ACIC ) announced an exciting business development deal with Archer Aviation . The urban air mobility space was so exciting that the SPAC soared to a high of $18.60 back in February. After the stock has been cut in half and the deal value was slashed, my investment thesis is far more bullish on the eVTOL stock. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. Update - Sept. 30 Honda wants to enter the eVTOL market with an ...