NEW YORK, June 28, 2026, 17:04 EDT
- Archer Aviation Inc. NYSE:ACHR ended Friday at $4.87, gaining 1.67% on the day. Over the last five sessions, shares dropped 10.31%.
- Texas redomestication did not pass in early results, even though over 80% of the shares voted in favor.
- About 7.0% of Archer’s market cap traded hands Friday based on last price.
- Companies have to file final vote results in a Form 8-K this holiday-shortened week.
Archer Aviation Inc. NYSE:ACHR comes into the week facing a market hurdle tied to voting, not the planes. The last trade for the stock was Friday’s regular close, with no U.S. equity trading Sunday. Archer gained 1.67% to finish at $4.87, up another 0.81% to $4.9096 in after-hours on 8.62 million shares.
MarketWatch data showed the rebound didn’t change much for the short-term setup. Archer stayed near its 52-week low, with short interest stuck close to 20% of the float.
| Archer tape | Latest reading |
|---|---|
| Friday session ended | $4.87, up 1.67% |
| After the bell | $4.9096, up 0.81% |
| Volume after hours | 8.62 million |
| Five-day move | down 10.31% |
| Year-to-date | down 35.24% |
| 52-week low/high | $4.71-$14.62 |
| Shares sold short | 123.33 million |
| Short interest to float | 19.43% |
The week’s loss beat out small-cap averages. The NYSE noted Friday that the S&P 500 fell 2% last week but the S&P 600 gained just over 3%. Archer dropped 10.31% in five-day trading. Now investors look ahead to company moves, with the vote count at the top of the list.
At the annual meeting, Archer general counsel and secretary Aaron Goodman told shareholders the redomestication plan failed because it didn’t get a majority of shares outstanding. He said over 80% of shares voted were in favor, but Archer needed more. There were 759,598,009 Class A shares eligible to vote, meaning the majority line was just above 379.8 million shares.
| Vote item | Preliminary result or math |
|---|---|
| Shares outstanding and entitled to vote | 759,598,009 |
| Majority-of-outstanding threshold | Needs over 379.8 million shares |
| Support among shares voted | Above 80% |
| Texas redomestication | Did not pass in early count |
| Final result filing | Form 8-K is expected |
The Texas offer showed a small cash gain compared to the stock’s trading. Proxy paperwork said the switch would cut about $250,000 a year from Delaware franchise taxes, with no impact on Archer’s name, HQ, management, business, holdings or NYSE listing. The savings worked out to less than 0.1% of the $261 million or so in Archer shares traded Friday on last-price figures.
CEO Adam Goldstein had told investors the switch was tied to Archer setting up its main operations hub. In the proxy, he wrote that he started Archer to make “flying taxis an every day reality,” and urged shareholders to sign off on moving Archer’s “legal home” to Texas. SEC
Among eVTOL names, Archer’s activity stood out on Friday. Joby Aviation Inc. NYSE:JOBY saw higher dollar volume overall, but Archer led when measuring turnover against its own market cap. Trading in BETA Technologies Inc. NYSE:BETA and Vertical Aerospace Ltd. NYSE:EVTL was much lower by the same comparison.
| Company | Ticker | Last price | Daily move | Volume | Market value | Dollar turnover / market value |
|---|---|---|---|---|---|---|
| Archer Aviation Inc. | NYSE:ACHR | $4.87 | up 1.67% | 53.57 mln | $3.73 bln | 7.0% |
| Joby Aviation Inc. | NYSE:JOBY | $8.83 | down 0.79% | 56.24 mln | $8.33 bln | 6.0% |
| BETA Technologies Inc. | NYSE:BETA | $16.70 | rose 4.25% | 2.45 mln | $3.85 bln | 1.1% |
| Vertical Aerospace Ltd. | NYSE:EVTL | $1.67 | fell 2.06% | 2.30 mln | $0.37 bln | 1.0% |
Last price times volume, divided by market value.
Ratio matters more than the day’s closing price here. Archer hovered close to its 52-week low as a big chunk of shares traded. Short interest stands at 19.43% of float. Any detail on the final vote or fresh comments from management about the Texas proposal that didn’t pass could swing things more than just another positive session.
Archer’s balance sheet gives investors more to work with this week. The company closed the first quarter holding $1.7759 billion in cash, cash equivalents and short-term investments, and held $7.3 million in restricted cash. Net loss for the quarter came in at $217.7 million. Archer expects its adjusted EBITDA loss for the second quarter to be between $170 million and $200 million. In May, Goldstein said Archer was “far more than an air taxi company.” Archer Aviation
The last official step is the final count. Archer’s proxy says they’ll file the final voting numbers on Form 8-K within four business days after the annual meeting. NYSE’s Friday note mentioned a short holiday week, quarter-end moves, June jobs data and a July 3 market close for the July 4 holiday.
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