Zanite SPAC Bolsters Eve Merger Deal As Vote Nears

Additional Embraer investment will enable Eve’s going-public merger to meet its fundraising threshold.
Credit: Eve
Zanite Acquisition has beefed up the committed funding that is backing its planned going-public merger with Eve, Embraer’s urban air mobility (UAM) spinoff, as it heads into a May 6 shareholder vote on the deal. Embraer has added $10 million to its PIPE (private investment in public entity)...

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