FutureFlight
Archer Bolsters Board Ahead of Merger With Atlas Crest SPAC
Four senior executives from the aviation, automotive, technology and finance sectors have been nominated as directors for the company to be formed by merging the eVTOL aircraft developer with the special purpose acquisition company.
Archer eVTOL aircraf
Archer co-founder and co-CEOs Brett Adcock (left) and Adam Goldstein have nominated four experienced business leaders as prospective board directors with the company to be formed through their merger with Atlas Crest Investment Corp. (Image: Archer)

Archer this week nominated three more prospective members for the board of the company that will be formed when the eVTOL aircraft developer completes its planned merger with special purpose acquisition company Atlas Crest Investment Corp. In an August 4 announcement, Archer said that Deborah Diaz, Maria Pinelli, and Fred Diaz will join former United Airlines chairman and CEO Oscar Munoz as prospective board directors.

The new directors, who have extensive leadership experience in the aviation, automotive, technology, and finance sectors, will join Archer co-founders Brett Adcock and Adam Goldstein, and Atlas Crest CEO Michael Spellacy, on the board of the combined public company. The transaction had been expected to close by the end of June, but the process now appears to be extending into the third quarter of this year.