Zanite Acquisition Corp. confirmed that it’s in talks to possibly merge with Brazilian aircraft maker Embraer’s Eve Urban Air Mobility Solutions in a $2 billion deal.
Cleveland-based Zanite (Nasdaq: ZNTEU) was formed last year and raised more than $200 million as a special-purpose acquisition company (SPAC) that’s targeting buying companies in the aviation, aerospace and defense industries.
Thursday night, it confirmed that it’s in talks to merge with Eve Urban Air Mobility, which makes flying taxis, but added in a statement that “there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.”
North Korea tests presumed ICBM and two other missiles, South Korea says
North Korea tested a presumed intercontinental ballistic missile (ICBM) in one of three missile tests on Wednesday, according to South Korea's Joint Chiefs of Staff. The tests come on the heels of US President Joe Biden's first presidential trip to Asia. South Korea...
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