The shares are listed on the New York Stock Exchange

Davis Polk is advising the representatives of the several underwriters in connection with the initial public offering of 29,852,941 shares of Class A common stock of BETA Technologies, Inc. for aggregate proceeds of approximately $1 billion. The underwriters have a 30-day option to purchase up to an additional 4,477,941 shares to cover over-allotments. The Class A common stock is listed on the New York Stock Exchange under the ticker symbol “BETA.”

BETA is an aerospace company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft and electric vertical takeoff and landing aircraft, more than 83,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 50 sites online across the United States and Canada.

The Davis Polk corporate team includes partner Roshni Banker Cariello and associates Xuanling Xu and Nicole (Nikki) Williams. Counsel Liang Zhang and associate Omar Hersi are providing tax advice. Partner Frank Azzopardi and associate Lachlan J. Forrester are providing intellectual property advice. Counsel Loyti Cheng and associate Timothy J. Sullivan are providing environmental advice. Counsel Marcie A. Goldstein is providing FINRA advice. All members of the Davis Polk team are based in the New York office.

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