EMBRAER S.A.: Material Fact - Approval of business combination between Eve and Zanite

Rhea-AI Summary

On May 6, 2022, Embraer S.A. (NYSE: ERJ) announced the approval of its Business Combination with Zanite Acquisition Corp. by Zanite stockholders. This decision is a critical milestone towards completing the merger, anticipated to close on May 9, 2022, pending certain customary conditions. This Business Combination aligns with Embraer's strategic focus on innovation and growth, further solidifying its commitment to advancing its strategic objectives.

Positive

• Approval of Business Combination with Zanite Acquisition Corp.
• Expected closing date for the merger on May 9, 2022.
• Supports Embraer's innovation and growth strategy.

Negative

• None.

SÃO JOSÉ DOS CAMPOS, Brazil, May 6, 2022 /PRNewswire/ -- Embraer S.A. (B3: EMBR3, NYSE: ERJ) (the "Company") refers to the material facts disclosed on June 10^th, 2021, and December 21^st, 2021, about the business combination (the "Business Combination") between EVE UAM, LLC ("Eve"), an entity controlled by the Company, and Zanite Acquisition Corp. ("Zanite"). The Company became aware that the Business Combination has been approved by Zanite stockholders today.

Such approval is an important step towards the closing of the Business Combination. Subject to the satisfaction or waiver of certain customary closing conditions that can only be satisfied or waived on the closing date, the Company expects that the closing of the Business Combination will occur on May 9, 2022.

The Business Combination is in line with the Company's innovation and growth strategy, and its consummation reinforces the Company's commitment to achieve this strategy.

São José dos Campos, May 6, 2022.

Antonio Carlos Garcia
Executive Vice-President and CFO

  

View original content:https://www.prnewswire.com/news-releases/embraer-sa-material-fact---approval-of-business-combination-between-eve-and-zanite-301542106.html

SOURCE Embraer S.A.

FAQ

What is the significance of the Business Combination between Embraer and Zanite?

The Business Combination is crucial as it aligns with Embraer's strategy of innovation and growth, reinforcing its commitment to advancing its objectives.

When is the closing date for the Business Combination between Eve and Zanite?

The Business Combination is expected to close on May 9, 2022.

What company is involved in the Business Combination with Embraer?

The Business Combination involves EVE UAM, LLC, which is controlled by Embraer, and Zanite Acquisition Corp.

What was approved by Zanite stockholders on May 6, 2022?

Zanite stockholders approved the Business Combination with EVE UAM, LLC.