Advanced Air Mobility News

Eve to Start Trading on NYSE

Eve to Start Trading on NYSE

Eve has completed its business combination with Zanite Acquisition Corp.

According to Jerry DeMuro, Eve’s Co-CEO, the closing of this transaction will help to develop and launch Eve’s electric vertical take-off and landing (eVTOL) aircraft.

Zanite has now changed its name to “Eve Holding, Inc.” and the company is expected to begin trading on the New York Stock Exchange under the symbols “EVEX” and “EVEXW.”

The combination was approved by Zanite’s shareholders on May 6th, 2022.

“The successful completion of this transaction is an important milestone, providing capital and strategic support for Eve to play a pivotal role in accelerating the global UAM ecosystem. The funding raised through the transaction provides Eve with growth capital and positions Eve well to execute its development plans, aided by our ongoing strategic partnership with Embraer,” states Co-CEO Andre Stein. “We intend to further strengthen our position as a leading UAM player by delivering an effective and sustainable new mode of urban transportation.”

Eve recently published a Concept of Operations (CONOPS) on urban air mobility (UAM).