Archer Stock Slips 2.6% Amid Warrant Expiration and Boeing Deal

Archer Aviation Inc. (ACHR) shares closed Friday at $5.26, down 2.59% on high trading volume.

The drop comes after legacy public warrants expired two days prior, removing one possible source of new shares.

This development does not address the company's ongoing dilution debate, but it is a step towards reducing potential equity claims.

Boeing's pending transaction could create a much larger claim, with the company set to receive approximately 152.1 million new shares at Archer's current count.