Eve Holding announces $94M in new equity financing

Eve Air Mobility has announced $94M in new equity financing from multiple investors. The funding, which includes the issuance of new shares of common stock and warrants, includes participation from a diverse group of global industrial companies that include Embraer, Nidec and additional financial investors. The new funding positions the company for future success and will support the continued development and manufacturing of the company’s eVTOL. The company entered into agreements, dated as of June 28 for the issuance and sale of 23,500,000 new shares of the company’s common stock at a purchase price of $4.00 per share, the exchange of certain warrants for shares of common stock, and the granting of warrants to certain investors. The private placement is expected to result in gross proceeds to Eve of $94M, before deducting other offering expenses. The equity funding is expected to close over the coming weeks, subject to the satisfaction of customary closing conditions.