# Eve UAM to go public via SPAC merger with Zanite Acquisition Corp.

Eve UAM, LLC, an Embraer company focused on urban air mobility, entered a definitive business combination agreement with Zanite Acquisition Corp. to list on the NYSE under ticker EVEX. The transaction includes up to $237 million from Zanite and a $305 million PIPE, with Embraer retaining an ~82% stake.

- Type: Acquisition
- Announced: 2021-12-21
- Where: Melbourne, Florida / Cleveland, Ohio, United States
- Value: $542.0M
- Status: announced
- Products: eVTOL aircraft, urban air mobility solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Embraer](https://endata.com/companies/23129.md)
- [Embraer](https://endata.com/companies/23129.md) (investor)
- [Eve UAM, LLC](https://endata.com/companies/59848.md) (target)
- [Zanite Acquisition Corp.](https://endata.com/companies/59849.md) (acquirer)
- [EVE Holding, Inc.](https://endata.com/companies/59854.md) (target)

## Sources

- [eveairmobility.com](https://www.eveairmobility.com/eve-an-embraer-company-to-list-on-nyse-through-business-combination-with-zanite-acquisition-corp/), 2021-12-21: "Eve has entered into a definitive business combination agreement with Zanite Acquisition Corp."
- [prnewswire.com](https://www.prnewswire.com/news-releases/embraer-sa-material-fact-signing-of-a-business-combination-agreement-301448937.html), 2021-12-21: "Under the Business Combination Agreement, the Company's urban air mobility business... will be combined with Zanite and the resulting entity will be publicly traded in the United States."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.