Archer Aviation Clears Hurdle in Boeing Deal

Archer Aviation's (ACHR) deal to acquire Wisk Aero LLC, SkyGrid, LLC, and Insitu, Inc. from Boeing has cleared a major hurdle with the expiration of the Hart-Scott-Rodino waiting period.

The waiting period expired on September 18 at 11:59 p.m. EDT, satisfying one of the key conditions for closing the transaction.

Although this milestone was reached, completion is still contingent upon other customary closing conditions, including certain regulatory approvals, which are ongoing.