UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Information Required in Proxy Statement
Schedule 14A Information
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐ | Preliminary Proxy Statement |
☐ | Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
☐ | Definitive Proxy Statement |
☒ | Definitive Additional Materials |
☐ | Soliciting Material Pursuant to §240.14a-12 |
Zanite Acquisition Corp.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☒ | No fee required. |
☐ | Fee paid previously with preliminary materials. |
☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
ZANITE ACQUISITION CORP.
25101 Chagrin Boulevard, Suite 350
Cleveland, Ohio 44122
SUPPLEMENT TO
DEFINITIVE PROXY STATEMENT, DATED APRIL 13, 2022,
FOR THE
SPECIAL MEETING
IN LIEU OF THE 2022 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 6, 2022
Explanatory Note
On April 13, 2022, Zanite Acquisition Corp. (Zanite or the Company) filed its definitive proxy statement (the Definitive Proxy Statement) with the U.S. Securities and Exchange Commission relating to Zanites special meeting in lieu of the 2022 annual meeting of its stockholders (the Special Meeting), which will be held on May 6, 2022 at 11:00 a.m., New York City time, at https://www.cstproxy.com/zaniteacquisition/2022. Zanite is providing this supplement to the Definitive Proxy Statement (the Supplement) solely to correct a typographical error in the summary text of Proposal No.6, the Director Election Proposal, which appears on the third page of the Letter to Zanite Stockholders, the Notice of Special Meeting of Stockholders of Zanite Stockholders, pages xix and xxv of the Definitive Proxy Statement and the related proxy card (the Proxy Card). As further described below, the correction is consistent with the disclosure regarding the Director Election Proposal that appears elsewhere in the Definitive Proxy Statement, including with respect to the full description of such proposal.
Correction
The correction is marked below, with new text in bold and underline and deleted text in bold and strikethrough, and is being made with respect to the above-referenced locations in the Definitive Proxy Statement. A revised Proxy Card reflecting such correction is enclosed in this Supplement.
Proposal No. 6: A proposal to elect seven directors to serve staggered terms on our board of directors until
the 2022, 2023, and 2024 and 2025 annual meeting of stockholders, respectively, or until such directors successors have been duly elected and qualified, or
until such directors earlier death, resignation, retirement or removal (the Director Election Proposal);
This correction is consistent with the Companys full description of Proposal No. 6 contained under the heading The Director Election Proposal on page 171 of the Definitive Proxy Statement and the fact that the Special Meeting is being held in lieu of the 2022 annual meeting of the Companys stockholders. In addition, this correction is also consistent with the disclosure that accurately summarizes the proposed classified board of directors following the business combination that appears elsewhere in the Definitive Proxy Statement, including on page xxx in
response to the question, Why is the Company proposing the Director Election Proposal?, on page 229 under the heading Management of the Company Following the Business Combination Composition of the Board of Directors, and on page 234 under the heading Description of Securities Election of Directors.
All the other information in the Definitive Proxy Statement and the Proxy Card remains unchanged. We have not changed or added to the matters to be considered by our stockholders at the Special Meeting, and this Supplement does not change the recommendation of our board of directors with respect to Proposal No.6 or any of the other proposals described in the Definitive Proxy Statement.
Review of Supplement and Proxy Statement
The corrected disclosures above should be read in conjunction with the disclosures contained in the Definitive Proxy Statement, which should be read in its entirety. To the extent the information set forth herein differs from or updates information contained in the Definitive Proxy Statement, the information set forth herein shall supersede or supplement the information in the Definitive Proxy Statement. All page and paragraph references used herein refer to the Definitive Proxy Statement before any additions or deletions resulting from the revised disclosures, and capitalized terms used but not otherwise defined in this Supplement have the meanings set forth in the Definitive Proxy Statement. From and after the date of this Supplement, any references to the definitive proxy statement are to the Definitive Proxy Statement as supplemented hereby.
Voting and Submitting Your Proxy
For stockholders who have already voted, a previous vote in favor of Proposal No. 6 will be counted as a vote in favor of such proposal, as corrected by this Supplement, and a previous vote against Proposal No. 6 will be counted as a vote against such proposal, unless, in each case, the original proxy is revoked by the stockholder, which can be done by submitting a new proxy.
If you have not yet voted, please vote promptly. Our stockholders may vote electronically at the Special Meeting by visiting https://www.cstproxy.com/zaniteacquisition/2022 or by proxy. If you properly complete, sign and date your Proxy Card previously mailed to you, your shares will be voted in accordance with your instructions. We are not mailing a revised Proxy Card to our stockholders prior to the Special Meeting and the original Proxy Card remains valid. The named proxies will vote all shares at the meeting for which proxies have been properly submitted and not revoked. If you sign and return your proxy card but do not mark your card to tell the proxies how to vote, your shares will be voted FOR the proposals to adopt the Business Combination Agreement and the other proposals presented at the Special Meeting.
We recommend that you submit your proxy even if you plan to virtually attend the Special Meeting. If you vote by proxy, you may change your vote by submitting a later dated proxy before the deadline or by voting electronically at the Special Meeting. Voting instructions are printed on the Proxy Card or voting information form you received. Either method of submitting a proxy will enable your shares to be represented and voted at the Special Meeting.
You may attend the special meeting online, vote, view the list of stockholders entitled to vote at the special meeting and submit your questions during the special meeting by visiting https://www.cstproxy.com/zaniteacquisition/2022 and entering your 12-digit control number, which is either included on the proxy card you received or obtained through Continental Stock Transfer & Trust Company.
If you need assistance in completing your proxy card or have questions regarding the special meeting, please contact Morrow, the proxy solicitation agent for the Company, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing [email protected].
Revised Proxy Card
FOR THE SPECIAL MEETING OF STOCKHOLDERS OF ZANITE ACQUISITION CORP. THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Kenneth C. Ricci and Steven H. Rosen (the Proxies), and each of them independently, with full power of substitution, as proxies to attend the special meeting (as defined below) and P to vote all of the shares of Common Stock of Zanite Acquisition Corp. (the Company or ZNTE), a Delaware R corporation, that the undersigned is entitled to vote (the Shares) at the special meeting meeting of stockholders of the Company to be held on May 6, 2022 at 11:00 AM Eastern Time, virtually at O https://www.cstproxy.com/zaniteacquisition/2022 (the special meeting), and at any adjournments and/or X postponements thereof. Y The undersigned acknowledges receipt of the enclosed proxy statement and revokes all prior proxies for said meeting. THE SHARES REPRESENTED BY THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER(S). IF NO SPECIFIC DIRECTION IS GIVEN AS TO THE PROPOSALS ON THE REVERSE SIDE, THIS PROXY WILL BE VOTED FOR PROPOSALS 1 THROUGH 7 AND FOR EACH DIRECTOR NOMINEE. PLEASE MARK, SIGN, DATE, AND RETURN THE PROXY CARD PROMPTLY. (Continued and to be marked, dated and signed on reverse side) Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of Stockholders to be held on May 6, 2022. This notice of Special Meeting and the accompanying Proxy Statement are available at: https://www.cstproxy.com/zaniteacquisition/2022
Please mark vote as indicated X ZANITE ACQUISITION CORP. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR PROPOSALS 1 THROUGH 7. in this example Proposal No. 1 A proposal to adopt the Business Combination Agreement, FOR AGAINST ABSTAIN (D) Proposal No. 3(D): A proposal to provide that any action required or FOR AGAINST ABSTAIN dated as of December 21, 2021 (the Business Combination Agreement), a permitted to be taken by the stockholders of the Company may be taken by copy of which is attached to the accompanying proxy statement as Annex A, by written consent until the time the issued and outstanding shares of and among the Company, Embraer S.A., a Brazilian corporation (sociedade common stock owned by Embraer Entities (as defined in the accompanying anônima) (Embraer), EVE UAM LLC, a Delaware limited liability company and a proxy statement) represent less than 50% of the voting power of the then newly formed direct wholly owned subsidiary of Embraer that was formed for outstanding shares of capital stock of the Company; purposes of conducting the UAM Business (as defined in the accompanying proxy FOR AGAINST ABSTAIN statement) (Eve), and Embraer Aircraft Holding, Inc., a Delaware corporation and (E) Proposal No. 3(E): A proposal to elect not to be governed by Section a direct wholly owned subsidiary of Embraer (the EAH), and to approve the 203 of the DGCL relating to business combinations with interested transactions contemplated by the Business Combination Agreement (the stockholders; and business combination), which provides that, among other things, EAH, as the (F) Proposal No. 3(F): A proposal to provide for certain additional changes, FOR AGAINST ABSTAIN sole beneficial and record holder of all of the issued and outstanding equity including, among other things, (i) changing the post-business combination interests of Eve as of immediately prior to the closing of the business combination companys corporate name from Zanite Acquisition Corp. to Eve Holding, (the Closing), will contribute and transfer to Zanite, and Zanite will receive from Inc., (ii) making the Companys corporate existence perpetual and (iii) EAH, all of the issued and outstanding equity interests of Eve, as consideration and removing certain provisions related to our status as a blank check in exchange for the issuance and transfer by Zanite to EAH of 220,000,000 shares company that will no longer apply upon consummation of the business of common stock of Zanite at the Closing (the Business Combination combination, all of which our board of directors believes are necessary to Proposal); adequately address the needs of the post-business combination Company; Proposal No. 4 : A proposal to approve, for purposes of complying with FOR AGAINST ABSTAIN Proposal No. 2 Proposals to amend and restate, and further amend, the Companys certificate of incorporation, dated November 16, 2020 (the Current applicable listing rules of the Nasdaq Stock Market (Nasdaq), (x) the Charter), as follows (such amended and restated and further amended certificate issuance of more than 20% of the Companys issued and outstanding of incorporation referred to herein as the Proposed Charter) (collectively, the common stock in connection with the business combination, consisting of the Charter Amendment Proposals): issuance of (i) shares of common stock to EAH pursuant to the terms of the (A) Charter Amendment Proposal A: to approve and adopt the Proposed FOR AGAINST ABSTAIN Business Combination Agreement and (ii) shares of common stock to the PIPE Charter (other than the proposals addressed in Charter Amendment Proposal B), Investors (as defined in the accompanying proxy statement) in connection which, if approved, would amend and restate the Current Charter, and which, if with the PIPE Investment, plus any additional shares of common stock or approved, would take effect upon the Closing; securities convertible into shares of common stock pursuant to subscription agreements or similar arrangements that we may enter into prior to the (B) Charter Amendment Proposal B: to approve and adopt a proposed FOR AGAINST ABSTAIN Closing, and (y) the issuance of shares of common stock to EAH in connection amendment to the Proposed Charter to (i) increase the number of authorized with the business combination and PIPE Investment that would result in EAH shares of Class A common stock from 100,000,000 to 1,000,000,000, which owning more than 20% of our outstanding common stock, or more than 20% will become shares of common stock, par value of $0.001 per share, of the of the voting power, which could constitute a change of control under combined company upon the Closing, and the total number of authorized Nasdaq rules (the Stock Issuance Proposal); shares of common stock from 111,000,000 to 1,000,000,000 and (ii) provide FOR AGAINST ABSTAIN that the number of authorized shares of any class of common stock or preferred Proposal No. 5 A proposal to approve and adopt the Eve Holding, Inc. 2022 stock may be increased or decreased (but not below the number of shares Stock Incentive Plan (the Incentive Plan), a copy of which is attached to the thereof then outstanding) by the affirmative vote of the holders of a majority of accompanying proxy statement as Annex K (the Incentive Plan Proposal); the stock of the Company entitled to vote, irrespective of the provisions of Proposal No. 6 A proposal to elect seven directors to serve staggered FOR WITHHOLD FOR ALL Section 242(b)(2) of the General Corporation Law of the State of Delaware (the terms on our board of directors until the 2023, 2024 and 2025 annual meeting ALL ALL EXCEPT DGCL), which, if approved, will both be in effect upon the Closing; of stockholders, respectively, or until such directors successors have been duly elected and qualified, or until such directors earlier death, resignation, Proposal No. 3 Proposals to approve and adopt, on a non-binding advisory retirement or removal (the Director Election Proposal); the proposed basis, certain governance provisions in the Proposed Charter, which are being directors under the Director Election Proposal are To withhold authority to vote for presented separately in accordance with U.S. Securities and Exchange Commission (the SEC) guidance to give stockholders the opportunity to present Class I Nominees: Class II Nominees: Class III Nominees: any individual nominee(s), mark For All Except and write the their separate views on important corporate governance provisions, as six sub- 01 Sergio Pedreiro 03 Marion Clifton Blakey 05 Luis Carlos Affonso 02 José Manuel 04 Paul Eremenko 06 Michael Amalfitano name of the nominees on the line proposals (collectively, the Advisory Charter Proposals); below. Entrecanales 07 Kenneth C. Ricci _________________________ (A) Proposal No. 3(A): A proposal to increase the total number of authorized FOR AGAINST ABSTAIN shares of stock to 1,100,000,000 shares, consisting of (i) 1,000,000,000 FOR AGAINST ABSTAIN Proposal No. 7 A proposal to approve the adjournment of the special shares of common stock and (ii) 100,000,000 shares of preferred stock, par meeting to a later date or dates, if necessary or appropriate, to permit further value $0.0001 per share; solicitation and vote of proxies in the event that there are insufficient votes for, (B) Proposal No. 3(B): A proposal to provide that the number of authorized FOR AGAINST ABSTAIN or otherwise in connection with, the approval of any of the Condition shares of any class of common stock or preferred stock may be increased or Precedent Proposals (as defined below) or we determine that one or more of decreased (but not below the number of shares thereof then outstanding) by the the Closing conditions under the Business Combination Agreement is not affirmative vote of the holders of a majority of the stock of the Company entitled satisfied or waived (the Adjournment Proposal). to vote, irrespective of the provisions of Section 242(b)(2) of the DGCL; (C) Proposal No. 3(C): A proposal to require the affirmative vote of the holders FOR AGAINST ABSTAIN of at least two-thirds of the total voting power of all the then outstanding shares of capital stock of the Company entitled to vote thereon, voting together as a single class to (1) make amendments to certain provisions of the Proposed Charter (Article THIRTEENTH (A)) and (2) amend the proposed bylaws (as defined in the accompanying proxy statement) (Article SIXTH (F)); Dated: , 2022 Signature (Signature if held Jointly) When Shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in full corporate name by the president or another authorized officer. If a partnership, please sign in partnership name by an authorized person. The Shares represented by the proxy, when properly executed, will be voted in the manner directed herein by the undersigned stockholder(s). If no direction is made, this proxy will be voted FOR each of Proposals 1 through 7. If any other matters properly come before the meeting, unless such authority is withheld on this proxy card, the Proxies will vote on such matters in their discretion.