08:30 AM EDT, 07/01/2024 (MT Newswires) -- Eve Air Mobility (EVEX) said Monday it expects to raise $94 million from multiple investors to support its electric vertical take-off and landing aircraft development.

The company said it plans to sell 23.5 million shares at $4 apiece, exchange certain warrants for common stock, and grant warrants to certain investors.

The funding is anticipated to close "over the coming weeks," Eve said.