Wisk Aero LLC, a maker of electric-powered aircraft designed for use as flying taxis, claims its technology was stolen by Archer Aviation Inc., a rival startup valued at $3.8 billion in a blank-check deal earlier this year involving United Airlines Holdings Inc. and investment banker Ken Moelis.
Archer Aviation and Atlas Crest Investment Corp. Investor Presentation
The Investor Presentation for the Archer Aviation and Atlas Crest Investment Corp. merger is available.
Busy day in the SPACsphere as deals, including Kaepernick, run hot
Colin Kaepernick took his activism to the wide world of SPACs. Archer, a developer of all-electric vertical take-off and landing (eVTOL) aircraft, is combining with SPAC. The Beachbody Company Group also announced its intention to become a public company.