Eve Holding, Inc. to Trade on
the New York Stock Exchange Under the Symbol "EVEX"
MELBOURNE, Fla., May 9, 2022
/PRNewswire/ -- Eve Holding, Inc.
(the "Company") (NYSE: EVEX, EVEXW) , formerly known as Zanite
Acquisition Corp. (Nasdaq: ZNTE, ZNTEU, ZNTEW) ("Zanite"),
announced today that it has closed the previously announced
business combination (the "transaction") with Eve UAM, LLC ("Eve"),
a leader in the development of next-generation Urban Air Mobility
("UAM") solutions and a subsidiary of Embraer S.A. ("Embraer")
(NYSE: ERJ; B3: EMBR3). The transaction was approved by Zanite's
stockholders on May 6, 2022.
With the transaction now complete, Zanite has changed its name
to "Eve Holding, Inc." In connection
with the closing of the transaction, Zanite's securities will be
voluntarily delisted from the Nasdaq Capital Market after market
close on May 9, 2022, and the
Company's common stock and public warrants are expected to begin
trading on the New York Stock Exchange on May 10, 2022 under the symbols "EVEX and "EVEXW",
respectively.
"The successful completion of this transaction is an important
milestone, providing capital and strategic support for Eve to play
a pivotal role in accelerating the global UAM ecosystem. The
funding raised through the transaction provides Eve with growth
capital and positions Eve well to execute its development plans,
aided by our ongoing strategic partnership with Embraer. We
intend to further strengthen our position as a leading global UAM
player by delivering an effective and sustainable new mode of urban
transportation," said the Company's Co-CEO Andre Stein.
The Company's Co-CEO Jerry DeMuro
added, "The closing of this transaction sets us on a path to
further develop and commercialize our comprehensive UAM solution.
I believe that our skilled team, world-class board and
extensive strategic global partnerships provide superior
positioning for Eve to execute on key development initiatives in
the years ahead, in our quest to deliver strong value creation for
our stakeholders."
An upsized $357 million PIPE
priced at $10.00 per share also
closed on May 6, 2022, immediately
prior to the closing of the transaction. The PIPE includes
investments of $185 million from
Embraer, $25 million from Zanite's
sponsor and $147 million from a
consortium of leading financial and strategic investors including
Acciona, Azorra Aviation, BAE Systems, Bradesco BBI, Falko Regional
Aircraft, Republic Airways, Rolls-Royce, SkyWest, Inc., Space
Florida and Thales USA.
White & Case LLP served as legal advisor to Zanite.
Jefferies LLC, BTIG, LLC and Cowen and Company LLC served as
financial advisors and capital markets advisors to Zanite.
Skadden, Arps, Slate, Meagher & Flom LLP and Mattos Filho, Veiga
Filho, Marrey Jr. e Quiroga Advogados served as legal
advisors to Embraer and Embraer Aircraft Holding, Inc. Raymond James & Associates, Inc. served as
financial advisor and capital markets advisor to Eve and Banco Santander (Brasil) S.A., Banco
Bradesco BBI S.A. and Banco Itaú International served as financial
advisors to Eve.
Image: https://bit.ly/3yoZW4A
Follow Eve and Embraer on Twitter: @Eveairmobility @Embraer
About Eve
Eve is dedicated to accelerating the UAM
ecosystem. Benefitting from a startup mindset, backed by Embraer's
more than 50-year history of aerospace expertise, and with a
singular focus, Eve is taking a holistic approach to progressing
the UAM ecosystem, with an advanced eVTOL project, a comprehensive
global services and support network and a unique air traffic
management solution. For more information, please visit
www.eveairmobility.com.
About Zanite
Zanite was formed as a special purpose
acquisition company to focus on the aviation sector. Zanite's
sponsor is managed by Kenneth C.
Ricci, Principal of Directional Aviation Capital, and
Steven H. Rosen, Co-Founder and
Co-Chief Executive Officer of Resilience Capital Partners. For more
information, please visit www.zaniteacquisition.com.
About Embraer
A global aerospace company headquartered
in Brazil, Embraer (NYSE: ERJ) has
businesses in Commercial and Executive aviation, Defense &
Security and Agricultural Aviation. The company designs, develops,
manufactures and markets aircraft and systems, providing Services
& Support to customers after-sales. Since it was founded in
1969, Embraer has delivered more than 8,000 aircraft. On average,
about every 10 seconds an aircraft manufactured by Embraer takes
off somewhere in the world, transporting over 145 million
passengers a year. Embraer is the leading manufacturer of
commercial jets up to 150 seats and the main exporter of high
value-added goods in Brazil. The
company maintains industrial units, offices, service and parts
distribution centers, among other activities, across the Americas,
Africa, Asia and Europe. For more information,
please visit www.embraer.com.
Forward-Looking Statements
Certain statements in
this press release include "forward-looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target", "may",
"intend", "predict", "should", "would", "predict", "potential",
"seem", "future", "outlook" or other similar expressions (or
negative versions of such words or expressions) that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding the Company's expectations
with respect to future performance and anticipated financial
impacts of the business combination. These statements are based on
various assumptions, whether or not identified herein, and on the
current expectations of the Company's management and are not
predictions of actual performance. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Actual events and circumstances are difficult
or impossible to predict and may differ from assumptions, and such
differences may be material. Many actual events and circumstances
are beyond the control of the Company.
These forward-looking statements are subject to a number of
risks and uncertainties, including: (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) failure to realize the anticipated benefits of the
business combination; (iii) risks relating to the uncertainty of
the projected financial information with respect to the Company;
(iv) the outcome of any legal proceedings that may be instituted
against the Company following the completion of the business
combination; (v) future global, regional or local economic and
market conditions, including the growth and development of the
urban air mobility market; (vi) the development, effects and
enforcement of laws and regulations; (vii) the Company's ability to
grow and manage future growth, maintain relationships with
customers and suppliers and retain its key employees; (viii) the
Company's ability to develop new products and solutions, bring them
to market in a timely manner, and make enhancements to its
platform; (ix) the Company's ability to successfully develop,
obtain certification for and commercialize its aircraft, (x) the
effects of competition on the Company's future business; (xi) the
outcome of any potential litigation, government and regulatory
proceedings, investigations and inquiries; (xi) the impact of the
global COVID-19 pandemic and (xii) those factors discussed in the
Company's Definitive Proxy Statement filed with the Securities and
Exchange Commission (the "SEC") on April 13,
2022 (the "Proxy Statement") under the heading "Risk
Factors," and other documents of the Company filed, or to be filed,
with the SEC. If any of these risks materialize or our assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that the Company does not presently know or that
the Company currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company's expectations, plans or forecasts of future
events and views as of the date of this press release. The Company
anticipates that subsequent events and developments will cause the
Company's assessments to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company's assessments as of any date subsequent to
the date of this press release and undue reliance should not be
placed upon the forward-looking statements.
Contacts
investors@eveairmobility.com
media@eveairmobility.com
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SOURCE Embraer S.A.; Eve UAM, LLC