Global law firm White & Case LLP has advised Zanite Acquisition Corp. (Nasdaq: ZNTE), a special purpose acquisition company focused on the aviation sector, on its agreement to enter a definitive business combination agreement with Embraer S.A. to acquire EVE UAM, LLC (Eve), an Urban Air Mobility (UAM) business spanning electric vertical takeoff and landing vehicle (eVTOL) design and production, service and support, fleet operations and urban air traffic management. Upon closing of the transaction, Zanite will change its name to Eve Holding, Inc. and will be listed on the NYSE under the new ticker symbol "EVEX."
Eve is the first company to graduate from EmbraerX, the market accelerator created in 2017 by Embraer, a global leader in the aviation industry, and will continue to develop its business with Embraer pursuant to a strategic partnership. The proceeds of the business combination are expected to be used to further develop and commercialize Eve’s UAM solution and eVTOL.
The White & Case team was led by partners Joel Rubinstein and Matthew Kautz in New York, counsel Daniel Nussen in Los Angeles and associate Neeta Sahadev in Silicon Valley. The team also included associate Rebeca García López in Mexico City and associates Zidong Liu and Rana Ozer in New York (all Capital Markets); associates Gabrielle Hodgson in Silicon Valley and Kim King in New York (both M&A); partner Arlene Arin Hahn and associates Anthony Johnson and Mark Kim in New York (all Technology Transactions); counsel F. Paul Pittman and associate Mark Williams in Washington, DC (both Data, Privacy & Cybersecurity); partner Steven Gee and associate Mitchell Li in New York (both Tax); partner Victoria Rosamond and associate Anthony Veveakis in New York (both Employment, Compensation & Benefits); partners Farhad Jalinous and Keith Schomig in Washington, DC (both CFIUS); partner Rebecca Farrington and associate Daniela Garcia Huerta in Washington, DC (both Antitrust); partner Steven Lutt and associate Christian Berger in New York (both Real Estate); partner Seth Kerschner in New York (Environment); partner Richard Burke in Washington, DC (Trade); partner Daniel Levin and associate Ashley Williams in Washington, DC (both Anti-Corruption); associate James Kong in New York (Anti-Money Laundering); and partner Todd Wolynski in New York and associate Ignazio Renzi in Miami (both Aviation).
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