The Latest Non-Redemption Agreements: June 5, 2023
by Marlena Haddad on 2023-06-05 at 5:45pm

Latest Non-Redemption Agreements:  EVe Mobility


EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement

On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior redemption election with respect to certain of their Class A Ordinary Shares.

The company intends to enter into Non-Redemption Agreements with respect to up to 4 million Class A Ordinary Shares. Pursuant to the Non-Redemption Agreements, the sponsor has agreed to transfer to the investors for the Initial Extension, a number of Founder Shares equal to 21% of the number of Non-Redeemed Shares, and for each Additional Monthly Extension, a number of Founder Shares equal to 3.5% of the number of Non-Redeemed Shares.

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