On June 7, 2024 Wisk sued Archer Wisk has filed a lawsuit alleging that Archer breached the settlement agreement that was reached between Wisk and Archer in August 2023. The lawsuit got no attention in the press. But we downloaded it and summarise the salient point. All the documentation is available at Pacer:
www.courtliste... (go to the end)
We believe in retail investors and other smaller stakeholders getting as much information as possible so they can make informed decisions. They generally don't get access to management, tours, events and other opportunities to 'kick the tires'. We are trying to fill some of that gap. We do not offer investment advice.
We have made a number of videos about Archer. We are planning to publish about other EVTOL companies as well in due course.
Full disclosure: At the time of writing we are short Archer, a position we took after we noticed something in the field where we are observing test flights. Archer had made an important change to its design which the company had not talked about. We published a video about this subject on May 30. We have been long Archer in the past, and exited out of that position with a profit.
Негізгі бет Wisk takes Archer to court (again)
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