Open for claimsSecuritiesAtlas Crest Stockholder Settlement: Eligibility, Claims & Deadline
Last updated:
Sources last checked:
The proposed Atlas Crest stockholder settlement provides a $15 million cash fund for eligible holders of Atlas Crest Class A common stock as of September 10, 2021 who did not redeem all or some of their shares in connection with the Archer Aviation merger. Payment requires a valid proof of claim and supporting holdings and transaction records. It is not an automatic distribution.
The claim deadline is January 4, 2027. Submit online or have a paper claim received by that date. The official form also treats a legible postmark no later than January 4 as receipt on the postmark date. No exact cutoff time or timezone is stated in the materials reviewed.
The case is In re Archer Aviation Inc. Stockholder Litigation, consolidated No. 2024-0527-LWW, in the Delaware Court of Chancery. It concerns alleged interference with an informed redemption decision before the merger. The settling defendants deny wrongdoing. The settlement and allocation remain subject to court approval.
Key facts
- Settlement fund
- $15 million before court-approved deductions
- Claim deadline
- January 4, 2027; online submission or receipt, with a legible-postmark provision
- Key holding date
- September 10, 2021
- Payment
- Variable pro rata amount; calculated payments below $10 are not distributed
- Proof
- Broker records, complete transaction schedule and signed claim
- Hearing
- December 3, 2026 at 11:00 a.m., subject to court changes
- Geography
- Eligibility follows the stockholding criteria; the class definition has no residence restriction
Official settlement administrator: JND Legal Administration
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
Claim statusChecked
Eligible Class Members must submit a Proof of Claim such that it is submitted online or received by mail no later than January 4, 2027, in order to receive a distribution from the Settlement, if approved by the Court.
Official court-authorized class noticep2 rights table; pp12–13 ¶¶46–49
Who qualifiesChecked
All record and beneficial holders of Atlas Crest Class A Common Stock, who held such stock as of the Redemption Deadline (September 10, 2021), and who elected not to redeem all or some of their shares of Atlas Crest Class A Common Stock
Official court-authorized class noticep10 ¶39; full exclusions immediately following
Payment and benefitsChecked
reached a proposed settlement for $15,000,000.00 in cash
Official court-authorized class noticep2; pp12–16 proposed allocation and deductions
Payment and benefitsChecked
If the Eligible Class Member’s Claimed Distribution Amount calculates to less than $10.00, it will not be included in the calculation, and no distribution will be made to that Eligible Class Member
Proof requirementsChecked
Copies of stockbroker confirmation slips, stockbroker statements, or other documents evidencing: (i) your holdings of Atlas Crest Class A Common Stock as of the close of the market on September 10, 2021; (ii) your subsequent purchases and sales of Atlas Crest Class A Common Stock or New Archer Common Stock through May 16, 2024; and (iii) your holdings of New Archer Common Stock as of the close of the market on May 16, 2024 should be attached to your claim.
Official Proof of Claim and Releasep3; p5 transaction schedule; p6 signature
Claim deadlineChecked
YOUR PROOF OF CLAIM MUST BE SUBMITTED ONLINE OR RECEIVED BY MAIL NO LATER THAN JANUARY 4, 2027.
Official Proof of Claim and Releasep2 general instruction3
Claim deadlineChecked
Proofs of Claim that are legibly postmarked no later than January 4, 2027, will be treated as received on the postmark date.
Official Proof of Claim and Releasep2 footnote1
Who qualifies
- You were a record or beneficial holder of Atlas Crest Class A common stock as of September 10, 2021 and elected not to redeem all or some of those shares in connection with the merger. Successors-in-interest who obtained shares by operation of law are included subject to the settlement terms.
- Excluded are defendants; immediate family members of individual defendants; entities controlled by defendants or other excluded persons, currently or at the merger closing; and the legal representatives, agents, heirs, estates, successors or assigns of those excluded persons.
- Recovery under the allocation plan is limited to eligible nonredeemed common shares. Redeemed shares and option contracts do not qualify for a distribution under that plan.
- The actual beneficial holder or an authorized legal representative must file a timely, valid proof of claim. A record holder such as a broker is not necessarily the beneficial owner.
- This is a non-opt-out class. Class members cannot exclude themselves, and failing to file a claim does not avoid the settlement releases if the settlement is approved.
How to prepare an Atlas Crest stockholder claim
- 1
Confirm your holdings and eligibility
Check your Atlas Crest Class A holdings at the close of trading on September 10, 2021 and the shares you redeemed in connection with the merger. Review the exclusions in the official notice.
- 2
Gather complete broker records
Document your September 10, 2021 holdings, all subsequent purchases, acquisitions, sales and redemptions through May 16, 2024, and any Archer holdings at the close of trading on May 16, 2024. Attach broker confirmations, statements or equivalent records. The reporting period does not make every later purchase eligible.
- 3
Complete and sign the official proof of claim
Provide the requested owner, contact and account details, last four digits of your Social Security number or taxpayer identification number, and transaction schedule. All joint holders must sign. A representative must provide evidence of authority. Review the acknowledgments and tax certification carefully and retain copies.
- 4
Submit through the official website or by mail
Follow the claim links on the administrator website. Mail paper claims to Atlas Crest Stockholder Litigation, c/o JND Legal Administration, P.O. Box 91241, Seattle, WA 98111. Online submission or paper receipt is due January 4, 2027; a legible postmark by that date is deemed receipt on the postmark date. The form cautions that USPS may not postmark mail that is not presented in person. Keep submission evidence.
Find more settlements you may qualify for.
ClaimBee matches your profile against 2,000+ active settlements, shows payout and proof requirements up front, and tracks every deadline for you.
Frequently asked questions
How much could I receive?
There is no guaranteed amount per person or share. The net fund is allocated pro rata using documented eligible shares and transactions under the allocation plan approved by the court. Taxes, administration and court-approved fees and costs reduce the gross fund. Calculated distributions below $10 are not paid.
Are payments automatic?
No. Eligible holders must submit a timely, valid proof of claim with supporting records. Membership in the class alone does not ensure payment, and submitting a form does not guarantee acceptance.
Which documents are needed?
The official form requests broker confirmations, broker statements or equivalent records supporting holdings and transactions. It also requires a signed claim, last four digits of SSN or taxpayer ID and proof of authority for someone acting as a legal representative. Submit copies, not originals.
Is January 4 a receipt or postmark deadline?
The form requires online submission or mail receipt by January 4, 2027, but its footnote expressly treats claims legibly postmarked no later than that date as received on the postmark date. No precise cutoff time or timezone is stated. Preserve a legible postmark and filing records.
Can I opt out instead of filing?
No. The court provisionally certified a non-opt-out settlement class. Class members remain bound by an approved settlement even if they do not submit a claim. Consult the official notice for objection and appearance procedures.
What if I have many transactions or need help?
Contact JND Legal Administration at 1-888-964-1158. Large electronic transaction submissions have special file-layout, signed-paper and claim-number requirements; follow the administrator’s instructions rather than assuming an uploaded file alone completes the claim.
When will payments arrive?
No fixed payment date is promised. Distribution requires court approval of the settlement and allocation and expiration of the applicable rehearing, appeal or review periods. The December 3, 2026 hearing is not a payout date.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
More settlements people are checking
Payout status for other settlements we track, updated as administrators publish new information.