Archer Aviation’s stock took a significant hit, dropping by 9.4% in Monday’s trading session. This decline followed the company’s announcement that it would double the number of common shares available for issuance. Additionally, Archer Aviation disclosed changes to the requirements for board membership and ownership. These decisions were made after shareholders voted in favor during a special meeting. The expansion of shares and the alterations in governance structure are key points for investors to consider when evaluating the company’s future prospects.
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