San Diego, CA -- (SBWire) -- 10/25/2022 --Eve Holding, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Eve Holding, Inc. (NYSE: EVEX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Eve Holding, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Melbourne, FL based Eve Holding, Inc. develops urban air mobility solutions. On September 29, 2022, Eve Holding, Inc. 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."
Shares of Eve Holding, Inc. (NYSE: EVEX) declined from $13.34 per share on September 22, 2022, to as low as $7.70 per share on October 6 and 7, 2022.
Those who purchased shares of Eve Holding, Inc. (NYSE: EVEX) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NYSE:EVEX Investor Alert: Investigation over Possible Securities Laws Violations by Eve Holding, Inc.
An investigation for investors in Eve Holding, Inc. (NYSE:EVEX) shares over potential securities laws violations by Eve Holding, Inc. was announced.