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.
Lilium announces intention to list on Nasdaq through a merger with Qell Acquisition Corp., and reveals development of its 7-Seater electric vertical take-off and landing jet
Lilium positioned to be the global leader in regional electric air mobility, with the development of its electric vertical take-off and landing jet, has entered into a definitive business combination agreement with Qell Acquisition Corp.
Institutional demand buoys socially conscious SPACs
Some of the world’s largest asset managers from Blackstone to BlackRock have signaled an appetite to invest in socially responsible companies—and special-purpose acquisition companies are all too happy to serve them.
Archer lands $1.1B order from United Airlines and a SPAC deal
Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed United Airlines as a customer and an investor in its bid to become a publicly traded company via a merger with a special purpose acquisition company.
Electric Aircraft Startup Archer to Go Public at Multibillion Dollar Valuation via SPAC – Sources
Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter.