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Eve Holding , Inc. (NYSE:EVEX), a company involved in the aircraft manufacturing industry with a market capitalization of $1.35 billion, disclosed on May 16, 2025, that board member María Cordón has resigned from her position, effective May 12, 2025. The announcement came through an 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the stock has shown strong momentum with a 55% return over the past six months.
Cordón’s departure from the board and any board committees, including the audit committee, was not due to any disagreements with the company regarding its operations, policies, or practices, as per the statement in the filing.
The company, formerly known as Zanite Acquisition Corp., is incorporated in Delaware and headquartered in Melbourne, Florida. Eve Holding is listed on the New York Stock Exchange under the ticker EVEX, with its common stock and warrants (EVEXW) both traded on this exchange.
The filing did not indicate any immediate plans for a replacement or changes to the board’s composition following Cordón’s resignation. The company has not released further details about the resignation or any potential impact on its governance or strategic direction.
This event is part of the normal course of changes that occur in the governance of publicly traded companies. Board members may resign for various reasons, and companies are required to disclose such changes to maintain transparency with investors and comply with regulatory requirements.
Eve Holding’s filing with the SEC ensures that shareholders and the public are informed about the latest developments within the company’s leadership structure. The information provided is based on the press release statement from Eve Holding, Inc.
In other recent news, Eve Holding Inc reported a net loss of $49 million for the first quarter of 2025. Despite this, the company made significant investments in its eVTOL aircraft development, spending $44 million on research and development. Eve Holding has a robust pre-order backlog of 2,800 aircraft, valued at approximately $14 billion. The company is on track to begin full-scale prototype flights in 2025, with certification anticipated by 2027. Analysts from firms such as Raymond (NSE:RYMD) James and Canaccord have shown interest in the company’s progress, particularly regarding its R&D spending and certification timelines. Additionally, Eve Holding’s order book remains strong, with non-binding letters of intent from 28 different customers across nine countries. The company maintains a cash position of $288 million, with total liquidity of $411 million, and projects its full-year cash consumption to be closer to $200 million, at the lower end of its $200-$250 million guidance. Eve Holding’s management has emphasized their strategic focus on innovation and financial stability, reassuring investors of their commitment to future growth.
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