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Zanite Acquisition Corp. (ZNTEU) has announced a 6-month extension for its initial business combination deadline, shifting the date from November 19, 2021, to May 19, 2022. This extension is enabled by a timely deposit of $2,300,000 from Zanite Sponsor LLC into the Company's trust account, representing the purchase price for 2,300,000 private placement warrants. Stockholders will not have voting rights or share redemption options related to this extension.
Zanite Acquisition Corp. (ZNTEU) has received notice from Zanite Sponsor LLC to purchase an additional 2,300,000 private placement warrants for $1.00 each, totaling $2,300,000, to extend the deadline for its initial business combination by six months, from November 19, 2021, to May 19, 2022. This extension aims to provide more time for the company to identify and execute a merger or acquisition in sectors like aviation, aerospace, defense, urban mobility, and emerging technologies. Stockholders are not entitled to vote or redeem shares regarding this extension.
Zanite Acquisition Corp. (Nasdaq: ZNTEU) is negotiating a potential business combination with Eve Urban Air Mobility Solutions, Inc., a subsidiary of Embraer S.A. There is no guarantee that a definitive agreement will be reached or that the transaction will be completed. Zanite, a special purpose acquisition company (SPAC), focuses on aviation and emerging technologies. Shareholders will receive detailed information about the potential transaction in a proxy statement, which will be filed with the SEC.
Zanite Acquisition Corp. (Nasdaq: ZNTEU) has received a notice from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Q1 2021 Form 10-Q, which was due by May 24, 2021. The company has until July 27, 2021, to file the report and regain compliance. If not filed, it may submit a compliance plan by that date. The delay is connected to evaluating the impact of SEC guidance on SPACs regarding warrant accounting on its financial statements. The company is committed to filing the report as soon as possible.
Zanite Acquisition Corp. (Nasdaq: ZNTEU) has extended the completion deadline for its initial business combination by 6 months, moving from May 19, 2021, to November 19, 2021. This extension follows a timely deposit of $2,300,000 by Zanite Sponsor LLC into the Company’s trust account, which will fund the purchase of an additional 2,300,000 private placement warrants. Importantly, stockholders do not have voting rights or redemption options regarding this extension.
Zanite Acquisition Corp. (Nasdaq: ZNTEU) announced it will purchase an additional 2,300,000 private placement warrants to extend its deadline for a business combination by six months to November 19, 2021. The warrants will be bought at $1.00 each, totaling $2,300,000 to be deposited into the trust account before May 19, 2021. Shareholders will not have voting rights or redemption options regarding this extension. The company focuses on mergers in the aviation, aerospace, defense, urban mobility, and emerging technologies sectors.
Zanite Acquisition Corp. (Nasdaq: ZNTEU) announced that holders of its 23 million units sold in the IPO may begin trading shares of Class A common stock and warrants separately from January 7, 2021. The units will continue to trade under the symbol ZNTEU, while the Class A shares and warrants will trade under ZNTE and ZNTEW, respectively. No fractional warrants will be issued, and holders must contact Continental Stock Transfer & Trust Company to separate the units. The firm focuses on potential mergers and acquisitions within the aviation, aerospace, defense, urban mobility, and emerging technologies sectors.
Zanite Acquisition Corp. announced the pricing of its initial public offering (IPO) of 20 million units at $10 per unit. Each unit includes one share of Class A common stock and one-half redeemable warrant, with whole warrants allowing stock purchase at $11.50 each. The units will trade on Nasdaq under the symbol 'ZNTEU' starting November 17, 2020. The firm plans to pursue acquisitions mainly in aviation, aerospace, defense, urban mobility, and emerging technologies. BTIG, LLC is the sole bookrunning manager for this offering.
