Air Taxi Startup Lowers Enterprise Value Of SPAC Deal By $1B

By Benjamin Horney (July 29, 2021, 5:52 PM EDT) -- Archer Aviation and special purpose acquisition company Atlas Crest said Thursday that they were slicing the enterprise value of their merger by $1 billion, in a move that comes as the U.S. Securities and Exchange Commission seeks to ensure SPAC deals are being adequately regulated.

The revised transaction cuts the anticipated pro forma enterprise value of Archer by 38%, from $2.7 billion to $1.7 billion, according to a statement. The original agreement, unveiled in February, cited a pro forma equity value of about $3.8 billion. That figure was determined by combining the anticipated $2.7 billion value of Archer with $1.1 billion...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!