New Risk • Nov 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$11m). Revenue is less than US$1m. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Brian Kitney is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 22
EVe Mobility Acquisition Corp Announces Continued Listing on NYSE American Following Compliance Extension EVe Mobility Acquisition Corp. announced that on October 16, 2024, the Company received a written late extension request acceptance letter from the NYSE American LLC (“NYSE American” or the “NYSE Regulation”), because it is not in compliance with the continued listing standards of the NYSE American. Specifically, the Company has not met the requirements set in Sections 134 and 1101 of the NYSE American Company Guide due to its delayed filings of the Form 10-K for the year ended December 31, 2023, and its Form 10-Qs for the periods ended March 31, 2024, and June 30, 2024 (the “Delayed Filings”). In accordance with Section 1007 of the Company Guide, the Company submitted an extension request after being unable to cure the filing deficiencies within the initial six-month period of the 12-month cure period. NYSE Regulation has reviewed and accepted the Company’s request, granting an extended plan period through December 14, 2024, to complete the Delayed Filings, as well as any additional filings delayed thereafter. During this plan period, NYSE Regulation will periodically review the Company’s compliance with the milestones outlined in its submission. If the Company does not make progress toward becoming current in its SEC filings during the plan period or does not complete its business combination by December 14, 2024, NYSE Regulation staff may initiate delisting proceedings. The Company may appeal any such delisting determination. In compliance with Sections 402 and 1009(e) of the NYSE American Company Guide, the Company is issuing this announcement to inform its shareholders that its listing is being continued under an extension, with a targeted completion date of December 14, 2024. Announcement • Aug 17
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 08/16/2024, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 23
EVe Mobility Acquisition Corp announced delayed amended 10-Q filing On 05/21/2024, EVe Mobility Acquisition Corp announced that they will be unable to file their amended 10-Q by the deadline required by the SEC. Announcement • May 15
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 05/13/2024, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 16
EVe Mobility Acquisition Corp announced delayed amended 10-K filing On 04/15/2024, EVe Mobility Acquisition Corp announced that they will be unable to file their amended 10-K by the deadline required by the SEC. Announcement • Mar 28
EVe Mobility Acquisition Corp announced delayed annual 10-K filing On 03/27/2024, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Feb 14
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Scott Painter is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 08
EVe Mobility Acquisition Corp Appoints Jesvin Kaur as Chief Operating Officer On February 2, 2024, the Board of EVe Mobility Acquisition Corp. appointed Jesvin Kaur as Chief Operating Officer of EVe. Ms. Kaur, age 48, has over 25 years of experience in business advisory, strategic communication solutions, reputation management, and stakeholder engagement. She is the Director of Think Tree Advisory Sdn Bhd and the Senior Advisor to Optima Strategies Ltd, where her roles involved providing strategic business advice, communication strategy, reputation management and assisting clients to navigate through a diverse range of investment and commercial challenges within the ASEAN region. Ms. Kaur headed the Research and Advisory unit at KRA Group, a regional role covering Indonesia, Malaysia and Singapore. Prior to that, she was a senior investment analyst at Maybank Securities. She had also served at the Strategy and Risk Management Division of the Securities Commission of Malaysia for over four years where she was involved in the drafting and implementation of the Capital Market Masterplan. In the region, she has advised Government Ministries and Institutions, Government-linked Investment Companies, Multinational Companies, Private Equity Funds, and a host of other corporate and investment firms, on a range of issues including market access strategy, stakeholder relations, media engagement, strategic and financial communication. Ms. Kaur has a Bachelor of Business (Accounting and Finance) from the University of Technology (Sydney) and possesses a strong network within the media, corporate and business circles. She has also completed the Lee Kuan Yew School of Public Policy Executive Education on Public Policy: Design and Implementation for Success. Announcement • Nov 15
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 11/14/2023, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 14
EVe Mobility Acquisition Corp Announces Executive Changes On October 6, 2023, EVe Mobility Acquisition Corp. announced that James G. Ellis resigned from his position as an independent director, chairman of the Audit Committee and a member of the Nominating and Corporate Governance Committee of the board of directors of the company. Mr. Ellis’s resignation was not the result of any disagreement with EVe. On October 13, 2023, the Board appointed Regina Shekerdemian as its third independent director to fill the vacancy on the Board resulting from Mr. Ellis’s resignation. Mrs. Shekerdemian will serve as a member of the Audit Committee and a member of the Nominating and Corporate Governance Committee of the Board. Mrs. Shekerdemian is Co-Founding Partner of The Venture Collective (TVC), a venture capital firm focused on investing in companies at the intersection between transformational tech and science, and deep, positive impact. She is also a Yale University Advisory Board Member. Prior to TVC, Mrs. Shekerdemian was a Director at BlackRock and Co-Chair of BlackRock Gives (the firm's global philanthropic organization), with a near decade-long tenure across the New York, San Francisco, and London offices. There, she worked in multi-asset allocation and business development for some of the firm's largest clients in the US, UK and Ireland. In her most recent role, she was Director of a team responsible for driving new client engagements and custom solutions across a diverse set of asset categories as well as maintaining a book of $132 Billion in AUM and $110 Million in revenue generated per annum. While at the firm, she was a holder of both the Series 7 and Series 63 licenses. Mrs. Shekerdemian was selected as a Forbes 30 Under 30 honoree for being promoted to the youngest director globally in BlackRock’s history. Mrs. Shekerdemian holds a BA in English & History (minor in Anthropology) from Columbia University as well as a MBA from Oxford University. Announcement • Aug 17
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 08/15/2023, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 17
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 05/16/2023, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Aug 16
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 08/15/2022, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 18
EVe Mobility Acquisition Corp announced delayed 10-Q filing On 05/17/2022, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 01
EVe Mobility Acquisition Corp announced delayed annual 10-K filing On 03/31/2022, EVe Mobility Acquisition Corp announced that they will be unable to file their next 10-K by the deadline required by the SEC. 