Watching Archer Aviation, Inc; Grizzly Research Out With Short Report On Co Titled "We Believe Archer Aviation, Inc (NASDAQ:ACHR) Is A Lame Duck"
Portfolio Pulse from Happy Mohamed
Grizzly Research has published a short report on Archer Aviation Inc (ACHR), an eVTOL company, alleging a series of misrepresentations by the company. The report criticizes ACHR's contract award from the DoD, its costly settlement of a legal dispute, and its partnerships with United Airlines and Stellantis. Grizzly also claims that ACHR is recycling heavily edited videos of their earlier test flights to portray a more advanced product than reality. The report concludes that ACHR is set up for a 'metaphoric crash landing'.

August 16, 2023 | 12:59 pm
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Grizzly Research's report alleges misrepresentations by Archer Aviation, which could negatively impact the company's reputation and stock price.
The report by Grizzly Research alleges a series of misrepresentations by Archer Aviation, including misleading DoD contracts, misleading partnerships, and recycling of flight test videos. This could lead to a loss of investor trust and a potential drop in the company's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100