The Latest SPAC News and Rumors: June 10th, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Embraer’s electric vehicle unit is in talks to merge with Zanite Acquisition in a $2B deal

Embraer’s Eve in $2 Billion Merger Talks With Zanite SPAC

Brazil’s Embraer SA is reportedly in talks to merge Eve Urban Air Mobility, its electric vehicle takeoff and landing unit, with Zanite Acquisition Corp., people with knowledge of the matter told Bloomberg.

The SPAC is seeking to raise new equity to support a transaction, and said the deal is set to value the combined entity at about $2 billion.

Brazil’s Embraer SA surged as much as 15% Thursday after confirming the talks with Zanite.