Embraer’s EVE raises $94M in fresh capital through private share placement
Aerotime
JULY 1, 2024
EVE Air Mobility, Embraer’s Nasdaq-listed eVTOL subsidiary, has announced it has raised $94 million in new equity financing. 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 EVE’s shares.
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