Archer Aviation saw minimal gains on the stock market as investors digested news of its acquisition. The company won a patent portfolio from Lilium in an auction for 18 million euros ($20.8 million), gaining possession of about 300 patents related to its eVTOL aircraft technology. Despite having $1.7 billion in cash, some are concerned about the financial impact of the acquisition given the company’s ongoing losses. The Motley Fool Stock Advisor did not include Archer Aviation in its list of top 10 stocks to buy, highlighting the potential for significant returns with other picks.
Read more at Yahoo Finance: Why Archer Aviation Lagged the Market on Wednesday