SHAREHOLDER ALERT: Law Firm Pomerantz Investigating Claims on Behalf of Eve Holding, Inc. Investors – EVEX |

NEW YORK, October 10, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Eve holdingInc. (“Eve” or the “Company”) (NYSE: EVEX). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation focuses on whether Eve and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On September 29, 2022Eve disclosed in a filing with the United States Securities and Exchange Commission that “in connection with the preparation of an amendment to a registration statement, [the Company] revised its accounting for certain warrants to acquire a total of 24,200,000 common shares, which were issued and became exercisable at closing on May 92022 of the transactions contemplated by the Business Combination Agreement, dated December 21, 2021, by and between the Company, Embraer SA, Embraer Aircraft Holding, Inc. and EVE UAM, LLC (the “Closing”). Based on this review and taking into account technical accounting rules and interpretations regarding the accounting treatment of similar warrants, the Company expects to record certain non-cash expenses associated with the issuance of these warrants for the quarter ended. June 30, 2022.” As a result, the September 23, 2022the company’s audit committee “has concluded that the condensed consolidated financial statements of the company included in the company’s Form 10-Q for the quarter ended June 30, 2022 . . . you shouldn’t trust it. Eve further stated that it “currently estimates that the adjustments will have the effect of increasing the net loss by approximately $87 million due to a non-cash expense and increasing the incremental contributed capital of the same amount, for the three months ended June 30th2022.”

At this news, Eve’s stock price plummeted. $0.70 per share, or 7.04%, to close at $9.24 per share on September 30, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Parisand Tel Aviv, is recognized as one of the leading law firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomlaw.com.

CONTACT:

Robert S. Willoughby

Pomerantz LLP

[email protected]

888-476-6529 ext. 7980

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SOURCE Pomerantz LLP