Embraer S.A. - Material Fact

Rhea-AI Summary

On June 10, 2021, Embraer S.A. (NYSE: ERJ) announced ongoing negotiations between its subsidiary, Eve Urban Air Mobility Solutions, and Zanite Acquisition Corp., a U.S. SPAC, regarding a potential merger worth $2 billion. While the talks are in progress, the company cannot confirm the outcome or specific terms. Embraer emphasized its commitment to keeping shareholders informed of any significant developments in relation to these negotiations, in compliance with relevant laws and regulations.

Positive

• Potential merger could enhance Embraer's market position in urban air mobility.
• Negotiation with Zanite indicates a proactive approach towards growth in innovative sectors.

Negative

• Uncertainty surrounding the outcome of the merger talks may create investor apprehension.
• No definitive agreement is in place, leading to potential volatility in stock performance.

SÃO JOSÉ DOS CAMPOS, Brazil, June 10, 2021 /PRNewswire/ -- Embraer S.A. ("Company") (B3: EMBR3, NYSE: ERJ), in accordance with CVM Instruction No. 358, of January 3, 2002, in view of the report published by Bloomberg.com today under the title "Embraer's Eve in $2 Billion Merger Talks with Zanite SPAC," informs its shareholders and the market that Eve Urban Air Mobility Solutions, Inc. ("EVE"), a subsidiary of the Company dedicated to the development of an urban air mobility system ("UAM"), has started negotiations related to a possible business combination with Zanite Acquisition Corp. ("Zanite"), a U.S. publicly-traded special purpose acquisition company (SPAC). 

The negotiations with Zanite are ongoing. The Company cannot predict if Eve will reach a definitive agreement or what will be the terms thereof.

The Company will keep the market informed of subsequent material developments in the context of such negotiations, to the extent imposed by applicable laws and stock exchange regulations.

 June 10, 2021.

Antonio Carlos Garcia
Executive Vice President of Finance & Investor Relations

PRESS OFFICES: 

Headquarters (Brazil) 

Corporate Communications 
embraer@idealhks.com 
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984 

North America 

Alyssa Ten Eyck 
ayeck@embraer.com  
Cell: +1 954 383 0460 
Tel.: +1 954 359 3847

Europe, Middle East and Africa 

Guy Douglas 
guy.douglas@nl.embraer.com  
Cell: +31 (0)657120121 
Tell: +31 (0)202158109

China 

Mirage Zhong 
mirage.zhong@bjs.embraer.com  
Cell:  +86 185 1378 5180 
Tel.: +86 10 6598 9988

Asia Pacific 

Nilma Missir-Boissac 
nilma.boissac@sin.embraer.com  
Cell: +65 9012 8428 
Tel.: +65 6305 9955

 

View original content:http://www.prnewswire.com/news-releases/embraer-sa---material-fact-301310156.html

SOURCE Embraer S.A.

FAQ

What is the latest news about Embraer (ERJ) regarding a merger with Zanite?

Embraer announced negotiations for a potential $2 billion merger between its subsidiary, Eve, and Zanite Acquisition Corp. on June 10, 2021.

What is the significance of the merger talks for Embraer (ERJ)?

The merger could strengthen Embraer's position in the urban air mobility market, reflecting growth prospects in innovative solutions.

When did Embraer (ERJ) announce the merger negotiations?

Embraer announced the negotiations on June 10, 2021.

Is there a confirmed agreement for the merger between Embraer (ERJ) and Zanite?

As of now, there is no definitive agreement, and the negotiations are ongoing.