EVe Mobility Acquisition Corp (EVE.U) Prices Upsized $220M IPO


EVe Mobility Acquisition Corp (EVE.U) Prices Upsized $220M IPO

Dec 14, 2021 IPOs by Anthony Sozzi

EVe Mobility Acquisition Corp announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “EVE.U” Wednesday, December 15.

The new SPAC intends to focus on the mobility-related ecosystem and its surrounding adjacencies. This landscape encompasses traditional automotive sectors as well as technological subsectors that are driving the advancement of the industry as a whole. EVe Mobility is led by Chairman and CEO Scott Painter, COO Jim Nguyen, and CFO Kash Sheikh.

Total SPAC deal count for 2021 year-to-date is now 600. This offering is expected to close on Friday, December 17.

Cantor Fitzgerald & Co. and Moelis & Company LLC are acting as the book-running managers of the offering. Skadden, Arps, Slate, Meagher & Flom is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.