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Zanite Acquisition Corp. (ZNTE) to Combine with Eve in $2.4Bn Deal

Zanite Acquisition Corp. (ZNTE) to Combine with Eve in $2.4Bn Deal

Zanite (NASDAQ:ZNTE) has entered into a definitive agreement to combine with urban air mobility firm Eve at an enterprise value of $2.37 billion, or 8.5x 2028E EBITDA. Florida-based Eve is the electric vertical takeoff and landing (eVTOL) subsidiary of Brazilian aviation manufacturer Embraer (NYSE:ERJ) aiming to commercialize its designs as air taxis and other mobility
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