EVe Mobility Acquisition Corp Announces Sixth Optional Extension of Deadline to Complete Initial Business Combination

Rhea-AI Summary

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.

Positive

• Board approval for the sixth extension demonstrates commitment to securing an initial business combination.
• The additional time allows EVe to potentially finalize a beneficial deal, enhancing shareholder value.

Negative

• Repeated extensions might indicate difficulties in finding a suitable business combination.
• The prolonged timeline may cause investor uncertainty and affect stock performance.
• This is the final extension available, putting pressure on completing a deal by June 17, 2024.

SANTA MONICA, CA, May 13, 2024 (GLOBE NEWSWIRE) -- EVe Mobility Acquisition Corp (“EVe”) (NYSE American: EVE), a special purpose acquisition company, announced today that on May 13, 2024, its board of directors (the “Board”) decided to extend the date by which EVe must consummate an initial business combination from May 17, 2024 to June 17, 2024 (the “Sixth Optional Extension”). This is the sixth of up to six one-month extensions available to EVe pursuant to its amended and restated memorandum and articles of association.

This press release constitutes notice to EVe’s shareholders of the Board’s approval of the Sixth Optional Extension.

About EVe Mobility Acquisition Corp 

EVe Mobility Acquisition Corp is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Contact:

info@evemobility.com

 

FAQ

What is the new deadline for EVe Mobility Acquisition Corp to complete its initial business combination?

The new deadline is June 17, 2024.

How many extensions has EVe Mobility Acquisition Corp utilized to date?

EVe has utilized all six of its available one-month extensions.

What is the stock symbol for EVe Mobility Acquisition Corp?

The stock symbol is EVE.

What announcement did EVe Mobility Acquisition Corp make on May 13, 2024?

On May 13, 2024, EVe announced its board approved a sixth extension to complete its initial business combination.

Why did EVe Mobility Acquisition Corp extend the deadline for its business combination?

The board extended the deadline to allow more time to finalize an initial business combination.