Vertical Aerospace Finalises Investment Agreement
Vertical Aerospace Ltd. (EVTL)
Company Research
Source: Business Wire
Mudrick Capital Management enters into investment agreement to commit up to $50 million of new funding and converts $130 million debt into equity at fixed conversion priceShareholder support paves way for funding round expected to close in Q1 2025 LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering electric aviation, has entered into definitive documents and received shareholder approval for a transaction that includes up to $50 million in new committed funding.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241223436920/en/Vertical Aerospace's VX4 prototype, which is currently under going piloted flight tests at its Flight Test Centre. (Photo: Business Wire)Today’s announcement marks the significant advancement of the agreement in principle, announced in November, aimed at strengthening Vertical’s balan
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EVTL
News
- Amid Funding Milestones, Analyst Bets On Vertical Aerospace's Strong Engineering And Design Team [Yahoo! Finance]Yahoo! Finance
- Vertical Aerospace Ltd. (NYSE: EVTL) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $16.00 price target on the stock.MarketBeat
- Vertical Aerospace Releases Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Vertical Aerospace Releases Third Quarter 2024 Financial ResultsBusiness Wire
- Vertical Calls Extraordinary General MeetingBusiness Wire
EVTL
Sec Filings
- 1/2/25 - Form 6-K/A
- 12/26/24 - Form SCHEDULE
- 12/26/24 - Form SCHEDULE
- EVTL's page on the SEC website