Archer Aviation says its enterprise value has been cut by $1B
NY Post
Electric aircraft startup Archer Aviation’s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment said on Thursday.
The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition companies (SPACs) taking many companies, often loss-making or even without revenue, public at too-high valuations. SPACs allow investors to list a shell company on public markets before they have identified a business to buy, which provides a speedier alternative to a traditional initial public offering route.
It was a flashback to NYC in the 1990s.
The killing of Iran’s tyrannical Supreme Leader Ali Khamenei on Saturday in an unprecedented joint military attack by the US and Israel called Operation Epic Fury set off widespread celebrations from Iranians around the world — as President Trump said it would give them their “greatest chance” to “take back the country.” Meanwhile, in Iran, a lack of internet has made it impossible for Iranians to easily communicate daily conditions. Over a period of three days, with limited VPN connection, an eyewitness currently in Tehran — who, for her safety, is concealing her identity — shared her account of life under a country in the midst of battle with The Post’s Natasha Pearlman.
After exactly 120 years, the curtain has fallen on the Theater District institution Barbetta, with the iconic Italian restaurant having served its final course Friday night.