Eve Holding, Inc. (EVEX) 

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Eve Holding, Inc. (“Eve” or the “Company”) (NYSE: EVEX). Investors who purchased Eve securities are encouraged to obtain additional information and assist the investigation.

 

The investigation concerns whether Eve has violated federal securities laws.

 

On September 29, 2022, Eve disclosed in a filing with the U.S. Securities and Exchange commission that “in connection with the preparation of an amendment to a registration statement, [the Company] reviewed its accounting for certain warrants to acquire an aggregate of 24,200,000 shares of common stock, that were issued and became exercisable at the closing on May 9, 2022 of the transactions contemplated by the Business Combination Agreement, dated as of December 21, 2021, by and among the Company, Embraer S.A., Embraer Aircraft Holding, Inc. and EVE UAM, LLC (the ‘Closing’).  Based on such review, and taking into account the technical accounting rules and interpretations regarding the accounting treatment of similar warrants, the Company expects to recognize certain non-cash expenses associated with the issuance of such warrants for the three months ended June 30, 2022.”  Accordingly, on September 23, 2022, the Company’s Audit Committee “concluded that the Company’s condensed consolidated financial statements included in the Company’s Form 10-Q for the quarter ended June 30, 2022 . . . should not be relied upon.”  Eve further stated that it “currently estimates that the adjustments will have the effect of increasing net loss by approximately $87 million as a result of a non-cash expense, and increasing additional paid-in capital by the same amount, for the three months ended June 30, 2022.”  On this news, Eve’s stock price fell $0.70 per share, or 7.04%, to close at $9.24 per share on September 30, 2022.

 

If you are aware of any facts relating to this investigation or purchased Eve shares, you can assist this investigation.  You can also contact Peretz Bronstein or law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.