The shareholders of US-based Zanite — a special purpose takeover company (Spac) focused on the aviation sector — on Friday (6th) approved the business combination with Eve a “flying car” startup from Embraer .
The merger is considered by experts a decisive step for the resulting company to be listed on the Stock Exchange of New York (Nyse).
With the merger, the name of Zanite becomes Eve Holding. according to Estadão/Broadcast, Eve must be listed on Nyse with the symbol “EVEX”. Embraer and Eve should make an announcement next Tuesday (10), in New York.
In the merger, Eve was valued at US$ 2.4 billion considering the equity value, that is, the value of its shares in the market, of US$ 2.9 billion. These amounts are both higher than those of the 50-year-old aircraft manufacturer itself, currently valued at US$ 2.04 billion.
Although the theme of the event has not been announced, the agenda has triggered the expectation in the market that the flying car company will communicate the listing in the U.S .
The reason is that the meeting will bring together the management of both companies: Embraer’s CEO, Francisco Gomes Neto, and Eve’s two CEOs: Andre Stein and Jerry DeMuro.
Zanite’s extraordinary meeting took place virtually and lasted just 10 minutes, with the approval of the business combination and other agendas, such as the increase in the number of shares Zanite Class A from 100 million to 1 billion.
The business
The flying car company was created by Embraer and developed the electric vertical take-off and landing vehicle (eVTOL). Recently, Eve’s revenue estimate was calculated at $4.5 billion by 2030.
Although there is already a backlog of requests for eVTOL more than 1,800 units, the first deliveries are expected only for 2025, when the aircraft certification must take place.
During Eve Investors Day, in March, Eve’s CFO, Eduardo Couto, revealed that the “flying car” should hit the market at a price of US$ 3 million (R$ 15 million) and that the company’s partners will be able to sell tickets cost US$ 100 (about R$ 500).
Source: CNN Brasil
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