EVE Air Mobility, Embraer¾«¶«Ó°Òµ Nasdaq-listed eVTOL subsidiary, has announced it has raised $94 million in new equity financing.Â
The deal will involve the private placement of 23.5 million new shares of common stock valued at US$4 per share as well as the exchange of some warrants for shares and the issuance of new warrants.
The new shares are issued at a considerable discount in relation to the market value of EVE¾«¶«Ó°Òµ shares. At the time of the agreement, which was made on June 28, 2024, EVE shares were trading on the stock market at around US$11.
This capital injection takes place as EVE is gearing up for the completion of its first prototype and a likely maiden test flight before the end of 2024. In May 2024, EVE published a series of videos on social media in which it showed, for the first time, this first aircraft taking shape at its production facility in Brazil.Â
