Eve Air Mobility Announces $94M New Equity to Support eVTOL Development [Yahoo! Finance]
Embraer S.A. (ERJ)
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Source: Yahoo! Finance
Net proceeds, along with existing cash and long-term credit lines, position company for future success MELBOURNE, Fla. July 1, 2024 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW), a global electric vertical take-off and landing (eVTOL) aircraft manufacturer and services provider, has announced $94M in new equity financing from multiple investors. The funding, which includes the issuance of new shares of common stock and warrants, includes participation from a diverse group of global industrial companies that include Embraer, Nidec and additional financial investors. The new funding strongly positions the company for future success and will support the continued development and manufacturing of the company's eVTOL. "We appreciate the confidence that these investors are placing in Eve. The new equity, along with existing cash and credit lines, ensures Eve is well positioned as we continue to build momentum and advance in the development and manufacturing of our eVTOL,
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News
- Embraer S.A. (NYSE: ERJ) had its price target raised by analysts at UBS Group AG from $28.50 to $29.00. They now have a "neutral" rating on the stock.MarketBeat
- Eve Air Mobility announces $94M new equity financing [Seeking Alpha]Seeking Alpha
- The new airline rivalries emerge as competition shifts in Canada's transforming air travel market [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- I went on board the Embraer Phenom 300E and saw why this private jet is the most flown aircraft in the US [Business Insider]Business Insider
- Embraer S.A. (NYSE: ERJ) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
ERJ
Earnings
- 5/8/24 - Beat
ERJ
Analyst Actions
- 7/3/24 - UBS
ERJ
Sec Filings
- 6/3/24 - Form 6-K
- 5/24/24 - Form 6-K
- 5/23/24 - Form SD
- ERJ's page on the SEC website