Press release
Investigation announced for Investors in shares of Archer Aviation Inc. (NYSE: ACHR) over potential Wrongdoing
An investigation on behalf of investors in Archer Aviation Inc. (NYSE: ACHR) shares over potential wrongdoing at Archer Aviation.
Investors who purchased shares of Archer Aviation Inc. (NYSE: ACHR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Archer Aviation Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Palo Alto, CA based Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers.
On September 16, 2021, Archer Aviation Inc. announced that it has closed its business combination with Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company. Upon the completion of the transaction, Atlas Crest changed its name to "Archer Aviation Inc." Archer's common stock and warrants commenced trading on the New York Stock Exchange ("NYSE") on September 17, 2021, under the ticker symbols "ACHR" and "ACHR WS", respectively.
Shares of Archer Aviation Inc. (NYSE: ACHR) declined to as low as $1.62 per share on December 27, 2022.
Those who purchased shares of Archer Aviation Inc. (NYSE: ACHR) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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