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The SPAC taking electric-aircraft maker Archer public has slashed the valuation of the company by $1 billion

1 month ago   |   By Business Insider

Archer Aviation
The valuation of Archer Aviation, an electric air taxi startup, was cut by $1 billion by the SPAC taking it public.
Archer's new $1.7 billion valuation creates a more attractive entry point, said the company and SPAC sponsor Atlas Crest.
The former CEO of United Airlines, Oscar Munoz, is joining Archer's board.
See more stories on Insider's business page .
Archer Aviation, an electric air taxi startup, is preparing to be taken public with its valuation cut by $1 billion in a revised deal between the company and Atlas Crest , its blank-check sponsor. Archer's pro forma...
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