Eve Air Mobility has entered into subscription agreements with BNDESPAR, a subsidiary of the Brazilian Development Bank (BNDES), Embraer and other institutional investors to issue and sell, in a capital raise via a registered direct offering, a total of 47,422,680 shares of common stock at USD 4.85 per share.
The USD 230 million equity will be used to pay for services performed in Brazil, as well as for general corporate purposes, including financing operations, possible business acquisitions or strategic investments and repayment of outstanding indebtedness.
The announcement means Eve is dual-listed on the US and Brazil stock exchanges.
Cantor Fitzgerald & Co., Raymond James & Associates, Inc. and Banco Bradesco BBI S.A. are acting as placement agents in connection with the offering of common stock. Banco Bradesco BBI S.A. is acting as financial advisor to Eve.
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