Zanite Acquisition Corp. Confirms Negotiations with Eve Urban Air Mobility Solutions, Inc.
11 Juni 2021 - 12:01AM
Business Wire
Zanite Acquisition Corp. (Nasdaq: ZNTEU) (“Zanite” or the
“Company”) today confirmed that it is in negotiations relating to a
potential business combination with Eve Urban Air Mobility
Solutions, Inc., a subsidiary of Embraer S.A., a Brazilian
corporation. There can be no assurance that a definitive agreement
will be entered into or that the proposed transaction will be
consummated.
About Zanite Acquisition Corp.
Zanite is a blank check company, also commonly referred to as a
special purpose acquisition company, or SPAC, formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. Although the Company may
pursue an acquisition opportunity in any business or industry, it
intends to focus on companies in the aviation, aerospace and
defense, urban mobility and emerging technologies industries.
Zanite consummated its initial public offering on the Nasdaq
Capital Market (“Nasdaq”) on November 19, 2020.
Additional Information and Where to Find It
If a legally binding definitive agreement is entered into, a
full description of the terms of the transaction will be provided
in a proxy statement for the stockholders of the Company (the
“Transaction Proxy Statement”), to be filed with the U.S.
Securities and Exchange Commission (the “SEC”). The Company urges
investors, stockholders and other interested persons to read, when
available, the preliminary Transaction Proxy Statement as well as
other documents filed with the SEC because these documents will
contain important information about the Company, the potential
target company and the transaction. The definitive Transaction
Proxy Statement will be mailed to the Company’s stockholders of
record as of a record date to be established for voting on the
proposed transaction. Stockholders will also be able to obtain
copies of the Transaction Proxy Statement, without charge, once
available, at the SEC's website at www.sec.gov or by directing a
request to: Zanite Acquisition Corp., 25101 Chagrin Boulevard,
Suite 350, Cleveland, Ohio 44122.
Forward Looking Statements
Certain statements made in this release are “forward looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include: the inability
of the Company to enter into a definitive agreement with respect to
the proposed business combination or to complete the contemplated
transactions with the Target; matters discovered by the Target or
the Company as they complete their respective due diligence
investigation of the other; the risk that the approval of the
stockholders of the Company for the potential transaction is not
obtained; the inability to recognize the anticipated benefits of
the proposed business combination, which may be affected by, among
other things, the amount of funds available in the Company’s trust
account following any redemptions by the Company stockholders; the
ability to meet Nasdaq’s listing standards following the
consummation of the transactions contemplated by the proposed
business combination; costs related to the proposed business
combination; and those factors discussed in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2020
under the heading “Risk Factors,” and other documents of the
Company filed, or to be filed, with the SEC. The Company does not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Participants in the Solicitation
The Company and its directors and executive officers may be
considered participants in the solicitation of proxies with respect
to the potential transaction described herein under the rules of
the SEC. Information about the directors and officers of the
Company and a description of their interests in the Company will be
set forth in a Transaction Proxy Statement when it is filed with
the SEC. These documents can be obtained free of charge from the
sources indicated above.
Non-Solicitation
The disclosure herein is not a proxy statement or solicitation
of a proxy, consent or authorization with respect to any securities
or in respect of the potential transaction and shall not constitute
an offer to sell or a solicitation of an offer to buy the
securities of the Company, nor shall there be any sale of any such
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction. No offer of securities shall be made except by means
of a definitive document.
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version on businesswire.com: https://www.businesswire.com/news/home/20210610005992/en/
Loretta Healy The Hubbell Group, Inc. (781) 718-1117
lhealy@hubbellgroup.com
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