ACIC News and Press, Atlas Crest Investment Corp. Class A From 02/16/21

Archer Aviation agreed to a business combination with Atlas Crest Investment SPAC at a deal valuation of $3.8 billion. The company is developing an eVTOL to participate in the large urban air mobility market of the future. The pre-revenue company doesn't expect material revenues u...

The first commercial passenger flight of an electric vertical take-off and landing (eVTOL) aircraft is likely to launch within the next three to five years with several manufacturers competing to be the first to launch, according to a new study by L.E.K. Consulting. Advanced Air Mobility, or ...

Merger activity increased last week with five new deals announced. The acquisition of Glu Mobile by Electronic Arts. MKS Instruments and II-VI Incorporated bid for Coherent. For further details see: Merger Arbitrage Mondays - Bidding War For Coherent Continues

LinkedIn co-founder Reid Hoffman and Zynga (ZNGA) co-founder Mark Pincus are nearing a deal to merge their SPAC Reinvent Technology Partners (RTP) with flying taxi developer Joby Aviation, the FT reported.The deal will values the company $5.7bn, the FT said, citing people familiar.R...

Gainers: Futu Holdings (FUTU) +27%. Atlas Crest Investment (ACIC) +25%. Yiren Digital (YRD) +24%. FinVolution Group (FINV) +21%.Losers: Comstock Holding Companies (CHCI) -20%. A-Mark Precious Metals (AMRK) -17%. Diginex (EQOS) -14%. eXp World Holdings (EXPI) -11%. Silvergate Capital (SI) -9%....

Shares of Atlas Crest Investment (NYSE: ACIC) were up more than 27% as of 11:43 a.m. EST Wednesday after the special purpose acquisition company ( SPAC ) announced a merger partner. It will combine with Archer, an electric plane start-up that is also getting backing from some hi...

United Airlines Holdings (NASDAQ: UAL) is hopping on board Archer, an electric plane start-up that on Wednesday announced plans to go public in a deal that will raise more than $1 billion for the company. Archer will go public via a merger with Atlas Crest Investment (NYSE...

Urban air mobility start-up Archer agreed Wednesday to go public via a SPAC deal with special purpose acquisition company Atlas Crest Investment Corp. (ACIC) in a deal that will value the Archer at $3.8B. The transaction includes participation from United Airline (UAL), Chrysler/Peugeot paren...

Colin Kaepernick took his activism to the wide world of SPACs, serving as co-chair of Mission Advancement Corp., which will focus on racial justice and diversity issues and seek to raise up to $287.5M. The SPAC is specifically targeting consumer businesses with an enterprise value of more tha...

Cancer Genetics (CGIX) +131%.The OLB Group (OLB) +83% on plan to offer Cryptocurrency payment options via blockchain technology.BioHiTech Global (BHTG) +66%.Bio-Path Holdings (BPTH) +50%.Neptune Wellness Solutions (NEPT) +48% on acquisition of organic baby food maker Sprout Foods.Ga...