Investigation Commenced into Eve Holding, Inc.’s Acquisition by Zanite Acquisition Corp.
New York, NY – Levi & Korsinsky, LLP, a leading securities law firm, has announced that it has commenced an investigation into potential securities laws violations in connection with the acquisition of Eve Holding, Inc. (“EVEX” or the “Company”) by Zanite Acquisition Corp. This investigation focuses on whether the Board of Directors of EVEX breached their fiduciary duties to the Company’s stockholders by agreeing to the proposed transaction, which was announced on April 1, 2022.
Background
On April 1, 2022, Zanite Acquisition Corp., a publicly traded special purpose acquisition company, announced that it had entered into a definitive agreement to acquire EVEX. Under the terms of the agreement, Zanite Acquisition Corp. will merge with EVEX, with the transaction valued at approximately $1.2 billion. The acquisition is expected to close in the second quarter of 2022, subject to customary closing conditions.
The Investigation
Levi & Korsinsky’s investigation aims to determine whether the members of the EVEX Board of Directors breached their fiduciary duties to the Company’s stockholders by agreeing to the proposed acquisition. Specifically, the investigation is focused on whether the Board adequately considered and disclosed all relevant information to stockholders, including the potential consequences of the transaction.
Impact on Individual Investors
If you are an EVEX stockholder and purchased EVEX securities prior to May 1, 2022, you may be entitled to compensation as a result of the potential securities laws violations. Levi & Korsinsky encourages you to contact the firm to discuss your options for recovering the investment loss.
Impact on the World
The investigation into the EVEX acquisition by Zanite Acquisition Corp. highlights the importance of corporate transparency and accountability. The investigation could potentially lead to significant consequences for the involved parties, including the possibility of a securities class action lawsuit. Such a lawsuit could result in substantial damages paid to affected investors.
Conclusion
Levi & Korsinsky’s investigation into the acquisition of EVEX by Zanite Acquisition Corp. is an important step towards ensuring that stockholders are fully informed and protected. As a potential EVEX stockholder, you may be entitled to compensation if the Board of Directors breached their fiduciary duties. If you are interested in learning more about this investigation or your potential rights and remedies, please contact Levi & Korsinsky, LLP at 212-363-7500 or via email at [email protected]. The firm represents investors in securities litigation throughout the United States and has recovered hundreds of millions of dollars for aggrieved shareholders.
- Levi & Korsinsky, LLP has commenced an investigation into the acquisition of Eve Holding, Inc. (“EVEX”) by Zanite Acquisition Corp.
- The investigation focuses on potential securities laws violations and whether the EVEX Board breached their fiduciary duties to stockholders.
- Individual investors who purchased EVEX securities prior to May 1, 2022, may be entitled to compensation.
- The investigation could lead to significant consequences for the involved parties and may result in substantial damages paid to affected investors.
