Cantor says timing of Eve Holding equity funding ‘peculiar’

Cantor Fitzgerald says shares of Eve Holding dropped 19% after the company announced a $94M private placement equity financing with strategic investors. With this new equity funding, plus the company’s liquidity, Eve may be sufficiently capitalized to fund its operations through 2027, the analyst tells investors in a research note. However, Cantor views the timing of the equity funding “as peculiar,” saying the company’s current liquidity position prior to this announcement was sufficient to fund the business at least into Q2 of 2025. The firm keeps a Neutral rating on the shares with a $7 price target.