Welcome to our dedicated page for EVe Mobility Acquisition news (Ticker: EVE), a resource for investors and traders seeking the latest updates and insights on EVe Mobility Acquisition stock.
EVe Mobility Acquisition Corp (NYSE American: EVE) is a special purpose acquisition company, often referred to as a 'blank check company'. This type of company is created with the purpose of acquiring or merging with an existing company. EVe Mobility Acquisition Corp focuses on identifying and engaging in business combination opportunities within the electric vehicle and mobility sectors.
As of April 19, 2024, EVe Mobility Acquisition Corp has received a notice from NYSE Regulation, indicating non-compliance with the NYSE American LLC's continued listing standards. The issue arose due to the company's failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2023. Despite significant efforts, the company was unable to meet the April 16, 2024 deadline.
The company has acknowledged this delay and has indicated that additional time is required to finalize and review its financial statements to ensure the accuracy and completeness of the report. EVe Mobility Acquisition Corp is committed to addressing this issue and plans to file the delinquent report as soon as practicable within the six-month initial cure period provided by the NYSE American Company Guide. The exchange will monitor the company's progress and may grant an additional six-month cure period if deemed necessary.
The company's operations focus on the dynamic and rapidly evolving electric vehicle and mobility sectors. EVe Mobility Acquisition Corp aims to leverage its expertise and resources to identify promising companies within these industries, fostering growth and innovation. Although the recent filing issue has posed a temporary challenge, the company remains dedicated to its mission and is actively working to resolve the compliance matter.
EVe Mobility Acquisition Corp (NYSE American: EVE), a special purpose acquisition company, announced on May 13, 2024, that its board of directors has approved a sixth one-month extension to complete its initial business combination. The new deadline is now set to June 17, 2024. This marks the final of up to six one-month extensions permitted by the company's amended and restated memorandum and articles of association. This announcement serves as an official notice to EVe’s shareholders regarding the Board’s decision.
EVe Mobility Acquisition Corp has successfully closed its initial public offering, raising $250 million by offering 25,000,000 units at $10.00 each. The units are now listed on the NYSE under the ticker symbol EVE.U. Each unit consists of one Class A ordinary share and one-half of a warrant, with whole warrants exercisable at $11.50. The company, focused on merging or acquiring businesses in the mobility sector, aims to capitalize on both traditional automotive and technological advances. The IPO was managed by Cantor Fitzgerald & Co. and Moelis & Company LLC.
EVe Mobility Acquisition Corp announced the pricing of its IPO, offering 22 million units at $10.00 each, starting December 15, 2021. Each unit includes one Class A ordinary share and half a redeemable warrant, with warrants priced at $11.50. The shares and warrants will trade under symbols EVE and EVE WS post-separation. The offering is set to close on December 17, 2021. The company intends to focus on the mobility ecosystem, pursuing business combinations in traditional automotive sectors and technological subsectors. The SEC declared the registration statement effective on December 14, 2021.
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