MELBOURNE, Fla., Nov. 29,
2022 /PRNewswire/ -- Eve
Holding, Inc. (the "Company" or "Eve") (NYSE: EVEX; EVEXW)
today announced that as previously disclosed in the
Company's Notification of Late Filing on Form 12b-25, filed
with the Securities and Exchange Commission ("SEC") on November 14, 2022, the Company has determined
that it is unable, without unreasonable effort or expense, to file
its Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 2022 (the "Form 10-Q")
by the prescribed due date because the Company requires additional
time to finalize the Form 10-Q, as it is currently performing a
further assessment of its condensed consolidated financial
statements to determine the full extent of any adjustments in the
amounts previously reported. Upon completion of such
assessment, the Company also intends to file an amendment
to the Company's Current Report on Form 8-K filed with the SEC
on May 13, 2022 to restate its
financial statements as of and for the quarter ended March 31, 2022 and the year ended December 31, 2021, as well as an amendment to the
Company's Quarterly Report on Form 10-Q for the period
ended June 30, 2022 to restate
its financial statements as of and for the quarter ended June
30, 2022.
On November 22, 2022, the Company
received a notice (the "Notice") from The New York Stock Exchange
("NYSE") indicating that, as a result of not having timely filed
the Form 10-Q with the SEC, the Company is not in compliance with
Section 802.01E of the Listed Company Manual (the "Listing
Standard"), which requires timely filing of all required periodic
financial reports with the SEC.
The Notice indicated that the Company can regain compliance with
the Listing Standard by filing the Form 10-Q within six months of
the Form 10-Q's filing due date. If the Company fails to file the
Form 10-Q by such date, the Company may submit a request for the
NYSE's consideration to allow the Company's securities to trade for
an additional six-month trading period. If the NYSE determines that
an additional six-month trading period is not appropriate,
suspension and delisting procedures will commence pursuant to
Section 804.00 of the Listed Company Manual. If the NYSE determines
that an additional trading period of up to six months is
appropriate and the Company fails to regain compliance by the end
of that period, suspension and delisting procedures will generally
commence.
While the Company can provide no assurances as to timing, the
Company plans to file the Form 10-Q as soon as practicably possible
to regain compliance with the Listing Standard.
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. 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
www.eveairmobility.com
Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding the Company's ability to complete
the filing of the Form 10-Q as soon as practicably possible and
regain compliance with NYSE listing standards. These statements are
based on current expectations as of the date of this press release
and involve a number of risks and uncertainties, which may cause
results to differ materially from those indicated by these
forward-looking statements. Many important factors could cause
actual future events to differ materially from the forward-looking
statements in this press release, including but not limited to,
those related to the Company's ability to complete the Form 10-Q
within the anticipated time period; the Company's ability to regain
compliance with NYSE listing standards; changes in domestic and
foreign business, market, financial, political and legal
conditions; risks relating to the uncertainty of the projected
financial information with respect to the Company; the outcome of
any legal proceedings that may be instituted against the Company;
future global, regional or local economic and market conditions,
including the growth and development of the urban air mobility
market; the development, effects and enforcement of laws and
regulations; the Company's ability to grow and manage future
growth, maintain relationships with customers and suppliers and
retain its key employees; the Company's ability to develop new
products and solutions, bring them to market in a timely manner,
and make enhancements to its platform; the Company's ability to
successfully develop, obtain certification for and commercialize
its aircraft, the effects of competition on the Company's future
business; the outcome of any potential litigation, government and
regulatory proceedings, investigations and inquiries; the impact of
the global COVID-19 pandemic; and those factors discussed in the
Company's Registration Statement on Form S-1/A filed on
August 25, 2022 under the heading
"Risk Factors," and other documents of the Company filed, or to be
filed, with the SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that the Company does not presently know or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company's expectations, plans or forecasts of future
events and views as of the date of this release. The Company
anticipates that subsequent events and developments will cause the
Company's assessments to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company's assessments as of any date subsequent to
the date of this release. Accordingly, undue reliance should not be
placed upon the forward-looking statements.
Investor
Information
https://ir.eveairmobility.com/
Contacts
investors@eveairmobility.com
media@eveairmobility.com
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SOURCE Eve Holding, Inc.