An update from Eve Holding (EVEX) is now available.
Eve Holding, Inc. has successfully entered into agreements with investors for a private placement, issuing 23.5 million new shares and exchanging existing warrants for new shares, while also providing new warrants to acquire additional shares. The company anticipates a substantial $94 million in gross proceeds from this initiative, with $30 million coming from a major investor, Embraer Aircraft Holding, Inc. These funds are earmarked for working capital and general corporate purposes. Additionally, the company has committed to registering these newly issued shares with the SEC to enable their resale, and has secured stockholder approval for the issuance of securities to Embraer Aircraft Holding, Inc. The deal is exclusive to the parties involved and has been crafted to adhere to securities regulations, excluding public offerings and general advertising.
Learn more about EVEX stock on TipRanks’ Stock Analysis page.
