NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Eve Holding, Inc. (“Eve” or the “Company”) EVEX. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether Eve and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On September 29, 2022, Eve disclosed in a filing with the US 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 purchase an aggregate of 24,200,000 common shares issued and exercisable on May 9, 2022 upon the closing of the transactions contemplated by the business combination agreement dated December 21, 2021 and within Embraer SA, Embraer Aircraft Holding, Inc and EVE UAM, LLC (the ‘Deal’). Based on this review, and considering the accounting technical requirements and interpretations for accounting for similar warrants, the Company expects to recognize certain non-cash expenses related to the issuance of such warrants for the three months ended June 30, 2022.” Accordingly, the Audit Committee of the The Company on September 23, 2022, “concluded that the Company’s Condensed Consolidated Financial Statements on the Company’s Form 10-Q for the three months 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 charge and increasing additional paid-in capital by the same amount, for the three months as of June 30, 2022.”
As a result of this news, Eve’s stock price fell $0.70 per…
