Hybrid Air Vehicles (HAV) is pleased to announce a $200 million investment commitment from GEM Global Yield LLC SCS (GEM) as HAV pursues a public listing.
Under the agreement, GEM will provide HAV with a $200 million Share Subscription Facility for a 36-month term following a public listing of HAV’s common stock. Concurrent with the public listing HAV will issue GEM 0.75% of the common stock of the company at par value.
The agreement with GEM allows HAV to offer customers lease, charter, and service provision options. Not only does this diversify HAV’s business offering, but it also facilitates access to aircraft for customers who do not traditionally purchase outright. This is particularly relevant in markets such as ultra-low emissions mobility and experiential travel.