Eve Holding Enters Material Definitive Agreement
Ticker: EVEX-WT · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1823652
| Field | Detail |
|---|---|
| Company | Eve Holding, INC. (EVEX-WT) |
| Form Type | 8-K |
| Filed Date | Nov 27, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Eve Holding just signed a big deal, expect financial moves.
AI Summary
Eve Holding, Inc. entered into a Material Definitive Agreement on November 22, 2024, related to a direct financial obligation. The company, formerly Zanite Acquisition Corp., is based in Melbourne, FL, and operates in the aircraft manufacturing sector.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Eve Holding, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new financial obligations or risks that are not yet fully understood.
Key Players & Entities
- Eve Holding, Inc. (company) — Registrant
- Zanite Acquisition Corp. (company) — Former company name
- November 22, 2024 (date) — Date of earliest event reported
- 1400 General Aviation Drive Melbourne, FL 32935 (location) — Principal executive offices address
FAQ
What type of Material Definitive Agreement did Eve Holding, Inc. enter into?
The filing states that Eve Holding, Inc. entered into a Material Definitive Agreement on November 22, 2024, which also constitutes the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on November 22, 2024.
What was Eve Holding, Inc.'s former company name?
Eve Holding, Inc.'s former company name was Zanite Acquisition Corp.
Where are Eve Holding, Inc.'s principal executive offices located?
Eve Holding, Inc.'s principal executive offices are located at 1400 General Aviation Drive, Melbourne, FL 32935.
What is Eve Holding, Inc.'s SIC code and industry?
Eve Holding, Inc.'s Standard Industrial Classification (SIC) code is 3721, which corresponds to the Aircraft industry.
Filing Stats: 769 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-11-27 16:03:40
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share EVEX The New York Stock E
Filing Documents
- evex-20241122.htm (8-K) — 41KB
- ex101_1.htm (EX-10.1) — 155KB
- 0001554855-24-000785.txt ( ) — 388KB
- evex-20241122_def.xml (EX-101.DEF) — 17KB
- evex-20241122_pre.xml (EX-101.PRE) — 17KB
- evex-20241122_cal.xml (EX-101.CAL) — 1KB
- evex-20241122_lab.xml (EX-101.LAB) — 23KB
- evex-20241122.xsd (EX-101.SCH) — 4KB
- evex-20241122_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On November 22, 2024, EVE Solues de Mobilidade Area Urbana, Ltda. ("Eve Brazil"), a Brazilian limited liability company and a wholly owned subsidiary of Eve Holding, Inc., a Delaware corporation (the "Company"), entered into a loan agreement , dated as of November 21, 2024 (the "Loan Agreement") , with Banco Nacional de Desenvolvimento Econmico e Social – BNDES, Brazil's National Development Bank ("BNDES"), pursuant to which BNDES agreed to grant Eve Brazil, a loan in the amount of R$ 20 0 million (approximately U.S.$ 35 million), to support the second phase of the development of the Company's electrical vertical take-off and landing ("eVTOL") project. The line of credit will be granted in Brazilian reais by Fundo Nacional Sobre Mudana Climtica ("FNMC"), a BNDES fund that supports businesses focused on mitigating climate change and reducing carbon emissions. Such credit line must be used by Eve Brazil within 3 0 (thir t y ) months from the date of signing of the Loan Agreement and any outstanding amount shall be re paid December 15, 2040 . The Loan Agreement can be early terminated, and payment of any outstanding amount can be accelerated, by BNDES in certain events provided for in the Loan Agreement, including in the event of default by Eve Brazil that remains uncured for 90 (ninety) days following receipt of written notice from BNDES or for another specifi c term defined under the Loan Agreement . The foregoing summary of the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to an English translation of the Loan Agreement, which translation is attached hereto as Exhibit 10.1 and is incorporated by reference herein . Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Financing Agreement , dated as of November 21 , 2024, by and among EVE Solues de Mobilidade Area Urbana, Ltda.and Banco Nacional de Desenvolvimento Econmico e Social – BNDES. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. EVE HOLDING, INC. Date: November 2 7 , 2024 By: /s/Simone Galvo de Oliveira Name : Simone Galvo de Oliv eira Title : General Counsel