The transaction announced includes $237 million in cash from Zanite, a special purpose acquisition company, and a $305 million PIPE, or private investment in public equity. The PIPE has multiple investors, including $175 million from Embraer and $105 million from a consortium that includes BAE Systems, Rolls-Royce Holdings Plc, and two U.S. regional airlines, Republic Airways and SkyWest Inc.
Embraer will retain an 80% equity stake in the company following the merger. Bloomberg News first reported on the talks between Eve and Zanite in June.
The combination, expected to close in the second quarter of 2022, values Eve at $2.4 billion. Embraer has agreed to a three-year lockup on its rollover shares and Zanite’s sponsor has agreed to a three-year lockup on its founder shares.
Enjoy the hassle-free application of your favorite sealants by ordering the PPG Semco 250-A pneumatic sealing gun. Easy to use design helps reduce tangled flanks and waste by replacing a standard serving or spatula when applying sealant.
Pulse Technologies is unusual among contract manufacturers in its ability to offer laser welding to medical device makers.
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Your Source for Custom, American Made Precision Miniature Electro-Magnetic Clutches, Brakes, Solenoids, and Torque Indicators.
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We develop national and international innovative solutions and products for different sectors with our continuously developing competencies, technology, and R&D activities.
Chemical blacking is for iron and iron alloy metal surfaces by creating a black oxide layer. It provides a pitch black appearance and minimum light reflection.
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The Eclipse boasts numerous zoom lens options up to 272mm, and multiple sensor resolutions available from Full‑HD up to 8MP 4K.
+90 3D Digital Factory has the largest 3D printing capacity in the Middle East with more than 10 large format industrial printers with different technologies and materials.
The JR UAV actuators do not carry brand labels, as most of our Defense and Commercial customers prefer.
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We get the best out of your unmanned systems!
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