Eve Air Mobility (NYSE: EVEX and EVEXW), a company dedicated to developing solutions for Urban Air Mobility (UAM), including electric vertical takeoff and landing (eVTOL) aircraft, announced the signing of subscription agreements with BNDESPAR (a subsidiary of the Brazilian National Development Bank – BNDES), Embraer, and other institutional investors for a registered direct offering of 47,422,680 common shares at USD 4.85 per share.

The transaction will generate gross proceeds of approximately USD 230 million, before deductions for fees and expenses. Part of the funds will come from Brazilian Depositary Receipts (BDRs) subscribed by BNDES at R$26.21 per BDR, which have been approved for listing on the São Paulo Stock Exchange (B3) under the symbol EVEB31.

Eve will allocate the funds raised in Brazil to pay for local services and use the remaining net proceeds for general corporate purposes, including financing operations, potential strategic acquisitions, investments, and debt reduction.

Eduardo Couto, CFO of Eve, commented:

“The dual listing in the US and Brazil reinforces our strategy of diversifying our investor base, attracting shareholders from different regions.”

Johann Bordais, CEO of Eve, emphasized:

“This capital increase represents a key milestone for our company. It strengthens our vision and supports our mission to transform urban mobility. We are proud to have the support of BNDES and deeply appreciate Embraer’s continued commitment to our program.”

The share placement is being managed by Cantor Fitzgerald & Co., Raymond James & Associates, Inc., and Banco Bradesco BBI S.A., which also acts as financial advisor to Eve in Brazil.

With this transaction, Eve strengthens its financial and strategic position to advance the certification of its aircraft and the implementation of a comprehensive urban air mobility ecosystem in key markets.

Source and Credits to Eve Air Mobility

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