Latest news with #UrbanAirMobility
Yahoo
5 days ago
- Business
- Yahoo
Eve Announces $230 Million Equity Capital Raise and Dual Listing in the United States and Brazil
MELBOURNE, Fla., Aug. 14, 2025 /PRNewswire/ -- Eve Air Mobility (Eve) (NYSE: EVEX and EVEXW), a company dedicated to the development of a suite of solutions for the Urban Air Mobility (UAM) market, including an electric vertical takeoff and landing (eVTOL) aircraft, today announced that it has entered into subscription agreements with BNDESPAR, a subsidiary of the Brazilian Development Bank (BNDES), Embraer and other institutional investors to issue and sell, in a capital raise via a registered direct offering, a total of 47,422,680 shares of common stock at $4.85 per share. It includes the subscription of Brazilian Depositary Receipts (BDRs) by BNDES, each of which represents one share of common stock at R$26.21 per BDR1, for total gross proceeds of $230 million, before deducting placement agent commissions and estimated offering expenses (the Registered Direct Offering), which is expected to close on August 15, 20252. The BDRs have been approved for listing on the Sao Paulo Stock Exchange (B3) under the symbol "EVEB31" and will be delivered to BNDES in Brazil. Eve will utilize the gross proceeds from BDRs to pay for services performed in Brazil, and intends to use the remaining net proceeds from the Registered Direct Offering for general corporate purposes, including financing operations, possible business acquisitions or strategic investments, and repayment of outstanding indebtedness. "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," said Eduardo Couto, Chief Financial Officer at Eve. Johann Bordais, Eve's CEO, added: "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." Cantor Fitzgerald & Co., Raymond James & Associates, Inc. and Banco Bradesco BBI S.A. are acting as placement agents in connection with the offering of common stock in the Registered Direct Offering. Banco Bradesco BBI S.A. is acting as financial advisor to Eve. The Registered Direct Offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-287863) previously filed by Eve with the U.S. Securities and Exchange Commission (the "SEC") on June 6, 2025 and declared effective by the SEC on June 25, 2025. The Registered Direct Offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. The prospectus supplement relating to, and describing the terms of, the Registered Direct Offering will be filed with the SEC and will be available on the SEC website at Alternatively, copies of the prospectus supplement, when available, may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor New York, New York 10022, Email: prospectus@ Raymond James & Associates, Inc., Attn: Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, Telephone: (800) 248-8863, Email: prospectus@ or Banco Bradesco BBI S.A., Avenida Presidente Juscelino Kubitschek 1.309, 10° andar, CEP 04543-011, São Paulo, SP, Brazil. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of any securities in any state or jurisdiction which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Eve has obtained approval of the BDR Level I program sponsored by it concerning the BDRs (the BDR Program) with the Brazilian Securities Commission (Comissão de Valores Mobiliários, or the "CVM"). The BDR Program was created exclusively to enable BNDES's investment in Eve. The Registered Direct Offering was not, and will not be, subject to registration with the CVM or other Brazilian regulatory or self-regulatory entities. Image: About Eve Air Mobility Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer's 55-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". To learn more about Eve, visit Forward-Looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, the closing of the Registered Direct Offering, the expectation that the Registered Direct Offering will provide additional liquidity for Eve's common stock, the issuance of common stock to Embraer, the delivery to Eve's stockholders of an information statement, and the anticipated use of the net proceeds from the Registered Direct Offering. These forward-looking statements are based on Eve's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of Eve's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of Eve's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in Eve's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which Eve is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. Eve does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. Other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. 1 Equivalent value based on the PTAX rate on August 12, 2025.2 Subject to the satisfaction of customary closing conditions, except for the issuance of common stock to Embraer which will take place at least 20 business days following the delivery to Eve's stockholders of an information statement complying with Regulation 14C under the Securities Exchange Act of 1934, as amended. View original content: SOURCE Eve Air Mobility Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
10-08-2025
- Business
- Yahoo
Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11
Urban air mobility isn't science fiction anymore, and Archer Aviation (ACHR) is making sure it's in the pilot's seat. The company has quietly climbed the ranks, scoring a rare spotlight as the Official Air Taxi Provider for the 2028 Los Angeles Olympic and Paralympic Games. Plus, with its Midnight aircraft edging closer to Federal Aviation Administration (FAA) certification, global test flights underway, and partnerships stacking up, its 2025 air taxi vision is gaining serious altitude. Recently, Archer added two strategic acquisitions to accelerate next-gen defense aircraft development, bringing core composite manufacturing in-house, securing critical talent, and positioning itself for speed in both defense and commercial markets. More News from Barchart 1 'Strong Buy' Defense Stock to Snag Instead of Palantir Is Qualcomm the Best Semiconductor Stock to Buy Right Now? A $10 Billion Reason to Buy Palantir Stock Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. From strategic alliances to global infrastructure plays, Archer has been busy building altitude. But while the headlines boast of breakthroughs and vision, the market moves on proof, and investors are hungry for numbers. Archer will release its second-quarter 2025 earnings results after the bell on Monday, Aug. 11 — a critical checkpoint. It's a moment that could either fuel more momentum or spark fresh questions. For those tracking the future of flight, this date is more than just earnings. It's a look under the hood of one of the electric vertical takeoff and landing (eVTOL) industry's most-watched players. About Archer Aviation Stock Founded in 2018 and based in California, Archer Aviation is racing to redefine urban air mobility with its sleek, battery-powered eVTOL aircraft. Currently valued at a market capitalization of $5.3 billion, Archer's flagship Midnight, designed for 20- to 50-mile hops, is nearing commercial debut in 2025, backed by global partnerships like Jetex for infrastructure rollout. Recent defense-focused acquisitions expand its reach beyond city commutes, positioning Archer as a rising force in both commercial mobility and advanced military aviation. Archer Aviation's shares have been on a stellar run, up by a staggering 144% over the past 52 weeks, far outperforming the S&P 500 Index's ($SPX) 20% surge. The rally has been powered by steady progress toward FAA certification and tangible production milestones, keeping bullish sentiment airborne. ACHR stock is up 11% in just the last three months, peaking at $13.92 in May, then slipping and again rising above $13 in July before shedding some gains. Now trading at $9.72, the stock is 30% below its high but still towers over its 52-week low of $2.82. For traders, the chart reads like a pilot's log — rapid ascents, sudden drops, and plenty of crosswinds. The next big test is whether next week's earnings can chart a new flight path or trigger another descent. Digging Into Archer's Q1 Earnings Results Archer Aviation's fiscal Q1 2025 earnings results, unveiled on May 12, offered a balanced mix of turbulence and tailwinds for this pre-revenue eVTOL contender. The company posted a $93.4 million net loss, yet trimmed its loss per share to -$0.17, half of last year's mark. Adjusted EBITDA slipped deeper into negative territory at $109 million versus $86.8 million a year ago, hinting at heavier early-stage investment. Still, Archer kept its spending disciplined, with non-GAAP operating expenses at $113.1 million, underscoring a lean approach as it edges toward commercial launch. The financial runway remains robust — over $1 billion in cash and equivalents — giving Archer one of the thickest cushions in air mobility. That capital will fuel plans for a United Arab Emirates (UAE) debut later this year and a New York City air taxi network buildout. CEO Adam Goldstein pointed to meaningful advances in both civil and defense programs, with partnerships strengthening across global markets. While profitability is still distant, Archer's combination of tightened operations, strategic positioning, and deep pockets keeps the storyline alive, proof that in this race to the skies the company is still very much in the flight plan. With Q2 results on deck next week, Archer Aviation is steering into another critical checkpoint. Management is bracing for an adjusted EBITDA loss between $100 million and $120 million — a reminder that even high-flyers can burn serious fuel before cruising altitude. Meanwhile, analysts tracking the company anticipate Q2 losses to narrow 25.8% year-over-year (YOY) to -$0.23 per share, still with zero revenue on the board. Looking further ahead to fiscal 2025, the forecast calls for further trimming, with losses contracting 33.1% annually to -$0.95 per share, then easing another 4.2% in fiscal 2026 to -$0.91 per share. What Do Analysts Expect for Archer Aviation Stock? Back in early July, Archer Aviation's Midnight eVTOL lifted off from Abu Dhabi's Al Bateen Executive Airport, marking its first test flight in the UAE. The event, attended by top aviation officials, was a milestone in Archer's Launch Edition partnership with Abu Dhabi Aviation and underscored the company's expanding international footprint. The market response was swift. Canaccord Genuity and Cantor Fitzgerald both reiterated 'Buy' ratings with $13 price targets, praising Archer's steady progress toward FAA approval and its growing presence in the UAE as signs of commercial readiness. But as the Q2 earnings release approaches, the tone is not universally bullish. JPMorgan analyst Bill Peterson raised his target from $9 to $10 yet held a 'Neutral' rating, warning against 'irrational exuberance.' While acknowledging strong sector momentum and policy tailwinds from President Donald Trump's administration, the analyst flagged persistent cash burn and possible delays in revenue as near-term risks. ACHR stock has a consensus 'Moderate Buy' rating overall. Of the nine analysts covering the stock, five recommend a 'Strong Buy,' two suggest a 'Moderate Buy,' and the remaining two play it safe with a 'Hold' rating. The mean price target of $12.17 suggests shares have upside potential of 25% from current levels. The Street-high target of $18 implies ACHR could rally as much as 85% from here. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Tourism Breaking News
07-08-2025
- Business
- Tourism Breaking News
Diriyah and THC explore new urban air mobility ventures
Post Views: 61 Diriyah Company has signed a Memorandum of Understanding (MoU) with The Helicopter Company (THC), the Kingdom's premier commercial helicopter operator, to explore potential opportunities and the integration of advanced air mobility solutions for the Diriyah project. This strategic collaboration supports Diriyah's vision to become the world's premier cultural and tourism destination, targeting 50 million annual visitors by 2030. The MoU was signed by Jerry Inzerillo, Group CEO of Diriyah Company, and Capt. Arnaud Martinez, CEO of THC. The MoU aligns with the goals of Saudi Vision 2030, supporting national efforts to diversify the economy and enhance key sectors including tourism, mobility and infrastructure through the adoption of advanced technologies and sustainable development practices. The MoU covers a wide scope of collaboration, including strategic planning and integration, to explore the potential of incorporating Urban Air Mobility (UAM) services within Diriyah's urban framework. It also emphasizes regulatory alignment and leveraging THC's expertise in guiding Diriyah Company as its partner in the establishment of operational, technical, and infrastructural foundations to ensure efficient and compliant implementation of air mobility solutions within the birthplace of the Kingdom. The MoU highlights the importance of engagement with the air mobility ecosystem, including air transport operators, technology providers, and infrastructure developers, with an emphasis on environmental and social sustainability. To initiate this collaboration, Diriyah Company and THC will form a joint working group to assess opportunities and evaluate the potential impact of introducing innovative urban air transport services within the Diriyah project. If implemented, these services are expected to play a transformative role in the Kingdom's urban air mobility and tourism sectors, further elevating Diriyah's position as a premier global destination in support of Saudi Vision 2030. Commenting on the MoU, Jerry Inzerillo, Group CEO of Diriyah Company, said: 'We are thrilled to partner with THC in this pioneering initiative, which marks a major step toward realizing our vision of Diriyah as a world-class cultural and tourism destination. We believe that introducing innovative urban air mobility services will offer a truly distinctive experience for our visitors and further strengthen Diriyah's presence on the global tourism map.' On his part, Capt. Arnaud Martinez, CEO of THC, stated: 'We value our partnership with Diriyah Company on this groundbreaking project, which underscores our commitment to share THC's expertise in delivering innovative, safe, and sustainable aviation solutions. We look forward to working closely with Diriyah to create a unique customer journey for the Kingdom's birthplace visitors, and achieve the ambitious goals of this MOU, and support the broader objectives of Saudi Vision 2030.' Urban air mobility will provide accessibility to a new era of mobility within cities, reduce traffic congestion and improve connectivity. These solutions align with 'smart city' principles and are expected to revolutionize urban mobility. Their impact will be particularly significant in major cities and high-profile destinations, with transformative potential for large-scale projects like Diriyah.
Arabian Business
07-08-2025
- Business
- Arabian Business
Diriyah Company, THC sign MoU to explore urban air mobility solutions
Diriyah Company has signed a Memorandum of Understanding (MoU) with The Helicopter Company (THC) to explore potential opportunities and the integration of advanced air mobility solutions within the Diriyah project, in a move aligned with Saudi Vision 2030. The agreement was signed by Jerry Inzerillo, Group CEO of Diriyah Company, and Capt. Arnaud Martinez, CEO of THC. The strategic collaboration supports Diriyah's ambition to become the world's premier cultural and tourism destination, targeting 50 million annual visitors by 2030. The MoU outlines a wide scope of collaboration, including strategic planning, regulatory alignment, and infrastructure development, aimed at assessing the potential incorporation of Urban Air Mobility (UAM) services into Diriyah's urban framework. The initiative also emphasises environmental and social sustainability, with plans to engage air transport operators, technology providers, and infrastructure developers. To initiate the collaboration, Diriyah Company and THC will establish a joint working group to assess opportunities and evaluate the potential impact of introducing urban air transport services within the project. If implemented, these services are expected to play a transformative role in the Kingdom's air mobility and tourism sectors. #DiriyahCompany and The Helicopter Company @THC_KSA have signed an MoU to explore Urban Air Mobility solutions, paving the way for sustainable, connected travel in #Diriyah. This collaboration supports our vision for 50 million visitors annually by 2030 and advances… — Diriyah Company l شركة الدرعية (@DiriyahCo) August 6, 2025 Commenting on the MoU, Inzerillo said: 'We are thrilled to partner with THC in this pioneering initiative, which marks a major step toward realising our vision of Diriyah as a world-class cultural and tourism destination. We believe that introducing innovative urban air mobility services will offer a truly distinctive experience for our visitors and further strengthen Diriyah's presence on the global tourism map.' 'We value our partnership with Diriyah Company on this groundbreaking project, which underscores our commitment to share THC's expertise in delivering innovative, safe, and sustainable aviation solutions. We look forward to working closely with Diriyah to create a unique customer journey for the Kingdom's birthplace visitors, and achieve the ambitious goals of this MOU, and support the broader objectives of Saudi Vision 2030,' said Martinez. Urban air mobility is expected to improve accessibility, reduce traffic congestion, and enhance connectivity in major cities.
Yahoo
06-08-2025
- Business
- Yahoo
Eve Holding, Inc. Reports Second Quarter 2025 Results
MELBOURNE, Fla., Aug. 6, 2025 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its Second Quarter 2025 Earnings Results. Financial highlights Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing aircraft) and the Urban Air Mobility (UAM) ecosystem, which includes eVTOL development, services & support solutions – TechCare and Vector, as well as an Urban Air Traffic Management (Urban ATM) system. Eve is pre-revenue, so it is not expected to produce meaningful revenues, if any, during the aircraft development phase. Financial results should primarily be related to the costs associated with the program's development cycle. Eve reported a net loss of $64.7 million in 2Q25, compared to $36.4 million in 2Q24. The increase in net loss in 2Q25 was primarily driven by higher Research & Development (R&D) expenses, which are costs and activities necessary to advance the development of our suite of products and solutions for UAM, including the Master Service Agreement (MSA) with Embraer. R&D expenses were $45.7 million in 2Q25 vs. $36.3 million in 2Q24, when R&D efforts intensified with advancements in the development of our eVTOL, including the purchase of parts and components and the assembly of our first full-scale prototype. Moreover, R&D demanded increased engineering engagement with Embraer, additional program development activities, and testing infrastructure. The MSA primarily drives our R&D costs with Embraer, which performs several critical developmental activities for Eve. SG&A increased to $8.2 million in 2Q25 vs. $5.4 million in 2Q24. The number of direct employees at Eve increased to approximately 180, up from 170 in 2Q24. Additionally, higher payroll-related costs reflect the recognition of Restricted Stock Units to employees, and SG&A also reflects higher outsourced services in the quarter. Lastly, Eve continues to incur pre-operating expenses for our first production site in Taubaté, Brazil. The increase in SG&A was despite the c.6% YoY average depreciation of the Real vs. the USD. Lastly, Eve recognized a $9.5 million non-cash charge related to the fair value of derivatives – due to marking to market of Eve's private warrants, vs. a $2.1 million gain in 2Q24. Eve's total cash consumption in 2Q25 was just $56.9 million, versus $31.4 million in 2Q24. Eve's Cash, Cash Equivalents, and Financial Investments totaled $242.7 million at the end of 2Q25, and total liquidity – including undrawn credit lines with the BNDES (Brazil's National Development Bank), and a recently-awarded $16.5 million grant, reached $375.5 million. We believe the funding is sufficient to support our operations and program investments through 2026. For additional information, please access the full 2Q25 Earnings Results release, available at the Investor Relations website Webcast details Management will discuss the results on a conference call on Wednesday, August 06, 2025, at 8:00 AM ET The webcast will be publicly available on the company website at To listen by phone, please dial 1-800-245-3047 or 1-203-518-9765 - Conference ID: EVEQ2. A replay of the call will be available until August 20, 2025, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 11159692. Webcast access here About Eve Holding, Inc. Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit Forward Looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors which the company is not currently aware of that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements, other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. Investor Relations Lucio Aldworth Caio Pinez investors@ Media media@ View original content: SOURCE Eve Holding, Inc.
