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Eve Holding, Inc. (NYSE:EVEX), a $1.4 billion market cap company currently trading at $4.06, announced Thursday that its wholly owned subsidiary, Eve UAM, LLC, has entered into a new Master Services Agreement with Embraer S.A. The agreement, dated September 2, 2025 and effective as of January 1, 2025, outlines the provision of support services by Embraer to assist Eve in developing an industrialization project for electric vertical takeoff and landing aircraft (eVTOLs).
According to the company’s statement, Embraer will provide processes and procedures related to the production of eVTOLs and plant operations at Eve’s facility in Taubaté, in the State of São Paulo, Brazil. The agreement is intended to support the development and operation of the ETT Manufacturing Site.
The filing did not disclose further financial or operational details of the agreement. The summary of terms is subject to the full text of the Master Services Agreement, which is included as an exhibit to the filing.
This information is based on a statement made in a filing with the Securities and Exchange Commission.
In other recent news, Eve Holding Inc. reported a net loss for the second quarter of 2025, with earnings per share (EPS) of -0.21, which fell short of analyst expectations of -0.164. This resulted in a 28.05% negative surprise for the company. Additionally, Eve Air Mobility successfully raised $230 million through a registered direct offering of common stock, selling shares at $4.85 each. This capital raise was part of a dual listing initiative on Brazil’s B3 stock exchange. Canaccord Genuity adjusted its price target for Eve Holding to $6.75 from $7.00, citing the dilution impact from the recent equity raise, though they maintained a Buy rating. Meanwhile, BTIG has assumed coverage of Eve Holding with a Neutral rating, continuing the stance held by the previous analyst. These developments highlight the company’s recent financial activities and analyst perspectives.
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