Archer Aviation (NYSE: ACHR) has soared 22% in the last month. Investors are getting increasingly excited about high-growth companies with the Federal Reserve lowering interest rates and the S&P 500 taking off to new all-time highs seemingly every day.

Before the market opened this morning, Archer Aviation submitted a filing to the Securities and Exchange Commission (SEC) indicating that it plans to create and sell new stock. The company has entered into an agreement to sell up to $70 million worth of new Class A common stock.