SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/23/2023 |
3. Issuer Name and Ticker or Trading Symbol
Archer Aviation Inc. [ ACHR ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Class A Common Stock | 17,485,264 | D(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrants to Purchase Class A Common Stock (right to buy) | (2) | 01/03/2028 | Class A Common Stock | 15,000,000 | 0.01 | D(2) | |
Warrants to Purchase Class A Common Stock (right to buy) | (3) | 11/06/2025 | Class A Common Stock | 1,671,202 | 0.01 | D(3) | |
Warrants to Purchase Class A Common Stock (right to buy) | (4) | 07/19/2026 | Class A Common Stock | 1,077,024 | 0.01 | D(4) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. Includes 9,985,264 shares owned directly by Stellantis and 7,500,000 shares owned directly by FCA Italy S.p.A. |
2. The warrant becomes exercisable in 3 separate tranches upon either (i) performance by Stellantis of undertakings set forth in the Manufacturing Collaboration Agreement, dated as of Jan 3, 2023, between Issuer and Stellantis (the "Agreement") or (ii) the VWAP for the Class A Common Stock exceeds certain specified amounts. The warrant is immediately exercisable on (i) Automotive OEM Change of Control (as defined in the Agreement) upon expiration of Stellantis' right to terminate the Collaboration Agreement or (ii) a Liquidation Event (as defined in the Agreement) if Agreement is not terminated by Issuer or Stellantis prior to such Liquidation Event. The warrant shall be exercisable with respect to Class A Common Stock that have become vested in accordance with the terms of the warrant, at any time, on or before the earliest of (i) immediately prior to a Liquidation Event, and (ii) Jan 3, 2028. |
3. Under a warrant dated November 6, 2020, FCA US is entitled to purchase up to 1,671,202 shares of Class A Common Stock at an exercise price of $0.01 per share. Such warrant has become fully exercisable in accordance with its terms, and expires on November 6, 2025. This warrant is owned directly by FCA US. |
4. Under a warrant dated July 19, 2021, FCA Italy is entitled to purchase up to 1,077,024 shares of Class A Common Stock at an exercise price of $0.01 per share. Such warrant has become fully exercisable in accordance with its terms, and expires on or before the earliest of (i) July 19, 2026 and (ii) immediately prior to the closing of a Liquidation Event. This warrant is owned directly by FCA Italy. |
Remarks: |
Stellantis N.V., by /s/ Giorgio Fossati, General Counsel | 06/27/2023 | |
FCA US LLC, by /s/ Giorgio Fossati, Attorney-in-Fact | 06/27/2023 | |
FCA North America Holdings LLC, by /s/ Giorgio Fossati, Attorney-in-Fact | 06/27/2023 | |
FCA Foreign Sales Holdco Ltd., by /s/ Giorgio Fossati, Attorney-in-Fact | 06/27/2023 | |
SFS UK 1 Limited, by /s/ Giorgio Fossati, Attorney-in-Fact | 06/27/2023 | |
FCA Italy S.p.A., by /s/ Giorgio Fossati, Attorney-in-Fact | 06/27/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |