The equity raise is being funded through the issuance of 47,422,680 shares of common stock at $4.85 per share, under subscription agreements with BNDESPAR (a subsidiary of Brazil’s national development bank BNDES), Embraer and several institutional investors. Part of the investment comprises Brazilian Depositary Receipts (BDRs), priced at R$26.21 per BDR, to be listed on the São Paulo Stock Exchange (B3) under the ticker “EVEB31”. The transaction is expected to close on 15 August 2025.

This dual listing is being undertaken to broaden Eve’s reach across investor markets. Eduardo Couto, Chief Financial Officer at Eve, said: “Eve’s dual listing in the United States and Brazil is aligned with our continuous effort to diversify our investor base, bringing new stockholders from different locations.”

Johann Bordais, CEO of Eve, described the deal as a pivotal moment: “This equity raise marks a significant milestone in our journey. It supports our vision and fuels our mission to transform urban mobility. We’re proud to have BNDES onboard and we deeply value Embraer’s continued commitment to Eve and our program.”

The BDRs approved for listing on B3 will be used predominantly for services conducted in Brazil, while the remaining net proceeds will go toward general corporate purposes, including operational financing, strategic investments, potential acquisitions, and repayment of outstanding debt.

Placement agents for the registered direct offering include Cantor Fitzgerald & Co., Raymond James & Associates, Inc., and Banco Bradesco BBI S.A. The offering is being made pursuant to a shelf registration filed with, and approved by, the U.S. Securities and Exchange Commission.

With its financial runway now bolstered, Eve continues to position itself as a key player in the global eVTOL market, drawing strong support from Brazilian and international investors alike.