Atlas Crest Investment Corp.

With about 51.89% of the combined voting power already committed, the outcome of every item — including the officer exculpation amendment — is effectively settled before public holders vote. The pay table shows the scale involved: for 2023 compensation actually paid to the chief executive was $27,950,070 on a $1,003,750 summary total, and non-PEO named executives averaged $11,188,491 actually paid, against a net loss of $458 million and an initial fixed investment worth $101.66.

Archer's securityholders receive Class B stock rather than the Class A that Atlas Crest's own holders hold, and the Class B converts into Class A afterwards, so the registered Class A line is a conversion overhang and not a separate issuance. The dollar figures carry no valuation meaning: under Rule 457(f)(2) the aggregate offering price of $21,599.53 is one-third of the aggregate par value of the Archer securities to be exchanged, because Archer is private, no market exists for its securities and it has an accumulated deficit.

Splitting the table apart is what makes it readable: of the 215,995,224 shares now shown, 71,627,275 are employee stock options and equity awards and 18,225,777 are assumed warrants, so more than a third of the registered total is not closing consideration at all. The dollar figures remain a Rule 457(f)(2) construct — Archer is private, no market exists for its securities and it has an accumulated deficit — and the $7,248.56 fee is stated as included in the $119,824 previously paid.

The fee table's dollar figures say nothing about value: Archer is private, no market exists for its securities and it has an accumulated deficit, so under Rule 457(f)(2) the offering price is one-third of the aggregate par value of the Archer securities to be exchanged. Note also that the stated fee of $9,578 is smaller than the $119,824 it says was previously paid. The figure that measures the deal is 287,345,325 shares, of which 28,224,635 are warrant-related rather than closing consideration.

The registered stock is not all merger consideration: 87,616,000 shares are issuable to Archer Aviation, while a further 14,645,614 are issuable in respect of the United Warrant and the Mesa Warrant described in the filing. New Archer will have both Class A and Class B common stock, so voting power and economics are split across two classes rather than one. The $10.74 registration price is the March 5, 2021 average, roughly three months old by the date of this amendment, and is used only to compute the fee.

Archer's holders receive New Archer Class B Shares rather than the Class A being registered, on an exchange ratio derived from an implied equity value for Archer of $2,525,000,000, and Archer's options, restricted stock units and warrants all convert into Class B instruments at that same ratio. Restricted Archer shares carry their vesting and forfeiture terms across into the Class B shares issued for them. The separate 14,645,614 shares answer the United Warrant and the Mesa Warrant, which sit outside the merger consideration. Shares are priced at $10.74 for fee purposes on March 5, 2021.

Archer's holders receive New Archer Class B Shares rather than the Class A being registered, on an exchange ratio derived from an implied equity value for Archer of $2,525,000,000 — so the two classes are separated from the outset, and Archer's options, restricted stock units and warrants all convert into Class B instruments at that same ratio. A separate 14,645,614 shares answer the United Warrant and the Mesa Warrant, which sit outside the merger consideration. Shares are priced at $10.74 for fee purposes, the average of the high and low sales prices on March 5, 2021.

What changed: Archer Aviation filed its 10-Q for Q2 2026, reporting $852.7M cash and $707.9M short-term investments as of June 30, 2026, with 770.0M Class A shares outstanding. The company recognized $5.0M in revenue (first-ever quarterly revenue, from Hawthorne Airport FBO operations acquired April 1, 2026) and posted a net loss of $263.2M for the quarter. Why it matters: The company is burning cash rapidly ($305.5M operating cash outflow in H1 2026) but still has $1.56B in liquidity, which management states is sufficient for at least 12 months. The first revenue recognition and Hawthorne acquisitions mark early operational progress, but the SPAC warrants (ACHR WS at $0.12) are deeply out of the money at a $11.50 strike with only 0.21 years remaining.

What changed: Item 2.02 8-K of Archer Aviation Inc. (NYSE: ACHR). On August 10, 2026 the company held a conference call on its second quarter 2026 operating and financial results and issued both a letter to stockholders and a press release, furnished as Exhibits 99.1 and 99.2 and expressly not deemed filed for Section 18 purposes. The filing notes that non-GAAP financial information is referenced in the press release with a GAAP reconciliation included there. Why it matters: The 8-K body states no financial figures; the quarter's results are only in the furnished exhibits. Archer separately filed the Boeing equity purchase agreement the same day (accession 0001104659-26-093056).

What changed: Exhibit 2.1 to an 8-K of Archer Aviation Inc.: an Equity Purchase Agreement dated August 9, 2026 among The Boeing Company as seller, Wisk Aero LLC, Insitu, Inc., Insitu Pacific Pty Ltd, Wisk Australia Pty Ltd and Boeing Emirates Ltd (together the Companies), and Archer Aviation Inc. as buyer. Boeing or its affiliates own all of the equity of each of those five entities, and Archer is purchasing all of it. Why it matters: Archer is acquiring Boeing's Wisk and Insitu entities with consideration that includes Archer stock and warrants issued to Boeing, plus a governance side letter — so this is a share-issuing acquisition with an ongoing relationship, not a cash purchase as described. No purchase price, share count or closing date appears in the captured text.