Atlas Crest Investment Corp (ACIC) Re-Strikes Deal with Archer

Atlas Crest (NYSE:ACIC) announced this morning that it had revised its deal with electric vertical take-off and landing (eVTOL) aircraft-maker Archer, dropping its enterprise value from $2.7 billion to $1.7 billion. This makes for a 38% drop in valuation for Archer, which was the first in a series of eVTOL-makers to strike deals with SPACs
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