Archer Aviation says its enterprise value has been cut by $1B ...Middle East

Electric aircraft startup Archer Aviation’s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment said on Thursday. The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition companies (SPACs) taking many companies, often loss-making or even without revenue,...

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