https://wccftech.com/archer-aviation-acic-can-help-united-airlines-ual-achieve-its-goal-of-total-carbon-neutrality-as-evtols-usher-in-a-paradigm-shift-in-time-critical-intercity-commute/

Archer Aviation, the company that designs and manufactures commercially viable electric vertical take-off and landing (eVTOL) aircraft, has emerged as one of the most promising SPAC plays in recent times.

As we’ve discussed in a previous post, Archer Aviation has now entered into a definitive merger agreement with the SPAC Atlas Crest Investment Corp. (NYSE:ACIC). The combined company is expected to be worth around $3.8 billion and will have access to $1.1 billion in gross proceeds, including $600 million from PIPE investments.