Archer Aviation CFO Mark Mesler Takes Temporary Medical Leave, Expected To Return In Q1 2025; Priya Gupta Named Acting CFO; Court Determines Warrant Dispute With Wisk Aero, Making Second Tranche Shares Immediately Exercisable; Archer Ordered To Pay Wisk Prejudgment Interest Of $11,912.53 Per Day
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation's CFO, Mark Mesler, is on temporary medical leave, with Priya Gupta stepping in as acting CFO. A court ruling resolved a warrant dispute with Wisk Aero, allowing immediate exercise of second tranche shares and ordering Archer to pay Wisk $11,912.53 in prejudgment interest daily.
September 09, 2024 | 8:15 pm
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Archer Aviation faces a temporary CFO change and a legal ruling in a warrant dispute with Wisk Aero. The court's decision allows immediate exercise of shares and mandates daily interest payments to Wisk.
The temporary CFO change may cause uncertainty among investors. The legal ruling, which involves financial obligations and share exercises, could negatively impact Archer's stock in the short term.
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