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ACIC - Atlas Crest Investment stockholders approve business combination with Archer Aviation
Atlas Crest Investment Corp. Class A
Atlas Crest Investment (NYSE:ACIC) (ACICU) stockholders approved all proposals related to business combination with Archer Aviation. Approximately 96% of votes cast at the special meeting voted to approve the combination. The business combination will generate approximately $857.6M of gross proceeds, including $600M of proceeds from the PIPE. Closing is anticipated to occur on or about September 16, 2021. Stock drops marginally 0.8% during after market hours.