Eve Holding to restate Q2 2022 results; $87M non-cash warrant expense, prior 10-Q unreliable

Eve Holding, Inc.

Audit Committee concluded Q2 2022 Form 10-Q should not be relied upon due to warrant accounting.
Restatement expected to increase net loss by ~$87M and increase additional paid-in capital by same amount.
Adjustment relates to 24.2M warrants issued at closing of business combination on May 9, 2022.
No impact on prior periods, liquidity, capital resources, or compliance with material agreements.
Company plans to file amended Form 10-Q and is assessing whether a material weakness in internal controls exists.

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