05:08 PM EDT, 08/13/2024 (MT Newswires) -- Archer Aviation ( ACHR ) disclosed a secondary sale late Tuesday of up to roughly 49.3 million shares of its class A common stock.

The company said the selling shareholders may offer, sell, or distribute the shares at varying prices.

The company will not receive any of the proceeds from the sale.

Company shares were down 1% in after-hours activity.

Price: 3.5600, Change: -0.04, Percent Change: -1.11