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.”
US appeals court says lawsuit against Lebanese bank can proceed
A US court of appeals has ruled that cases against Lebanese commercial banks can be tried outside Lebanon, paving the way for more cases by depositors seeking to unlock their frozen funds. The court decision, issued on Thursday in a case brought by Lebanese depositors...
Submit your event
We will be happy to share your events. Please email us the details and pictures at publish@profilenewsohio.com
Address
P.O. Box: 311001 Independance, Ohio, 44131
Call Us
+1 (216) 269 3272
Email Us
Publish@profilenewsohio.com