MESA - Mesa Air strikes deal to invest in Archer Aviation

Mesa Air Group (MESA) says it has reached an agreement in principle with air mobility company Archer Aviation and United Airlines as part of the airlines' effort to invest in emerging technologies that decarbonize air travel. In connection with the agreement, Mesa will receive 20% of United's warrant to purchase 14,645,614 shares of Archer’s common stock with a $0.01 per share exercise price such that Mesa will receive a warrant exercisable for 2,929,123 shares.Certain vesting conditions exist.Source: Press ReleaseShares of Mesa are down 6.55% premarket to continue their bouncy trading ways.

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Mesa Air strikes deal to invest in Archer Aviation