FutureFlight
Eve and Zanite Expect To Complete Merger and Wall Street Listing in May
Shareholders in Zanite Acquisition are set to vote on the proposed business combination with Eve Urban Air Mobility at a special meeting on May 6.
Eve's eVTOL aircraft will fly in city centers.
Eve's plans to bring a four-passenger eVTOL aircraft to market in 2026 are set to be boosted by an anticipated $500 million-plus capital raise through a merger and New York Stock Exchange listing with Zanite Acquisition. (Image: Eve)

Eve Urban Air Mobility and Zanite Acquisition Corp are expected to complete their planned business combination on May 9 and then float shares in the new Eve Holding entity on the New York Stock Exchange. In an April 14 statement, the companies said that special purpose acquisition company Zanite has filed the required definitive proxy statement with the U.S. Securities and Exchange Commission, preparing the way for completion of a deal with the eVTOL aircraft developer.

Zanite’s board of directors has recommended that shareholders approve the combination with Eve, which is a subsidiary of Brazilian aircraft manufacturer Embraer. This is expected to happen at a special meeting on May 6, according to the definitive proxy statement filed on April 14.