EVe Mobility Acquisition in an 8-K said it intends to sign non-redemption agreements with one or more unaffiliated third-party shareholders. The number of shares to be covered by the agreemewnt was not cited in the filing.
In exchange for the agreement to not redeem stock, the investors would receive 70,000 Class B shares for every 300,000 non-redeemed shares for the first nine months of the extension period and then 8,000 additional founder shares for each additional month needed during the extension period (up to 94,000 founder shares for 12 months).
EVe Mobility is asking shareholders to vote for an extension from June 17 to Dec. 17, plus the option, without another shareholder vote, for the SPAC’s board to extend further up to June 2025.
EVe originally raised $220 million in a December 2021 IPO to focus on the mobility-related ecosystem. It has yet to announce a deal.
The SPAC in February sold its sponsor stake to BluFire Capital, , an Abu Dhabi private company. Read more.
