Financing ·
On August 10, 2026, Vertical Aerospace Ltd. priced an underwritten registered direct offering of approximately $35…
EVTWFVertical Aerospace Ltd.
On August 10, 2026, Vertical Aerospace Ltd. priced an underwritten registered direct offering of approximately $35 million in units, each consisting of one ordinary share and one Tranche C warrant, at $1.05 per unit to a limited number of investors with Jefferies LLC acting as underwriter. The company estimates net proceeds of approximately $32.55 million after deducting discounts and expenses, intended for research and development, expansion of testing and manufacturing capacities, and general working capital. Concurrently, the company issued 25,000 Series A Convertible Preferred Shares to Yorkville PN Ltd. under a Securities Purchase Agreement, generating an aggregate purchase price of $24 million at $960 per share with a fixed conversion price component of $1.26. These transactions provide critical capital for Vertical Aerospace Ltd., which operates in the electric vertical takeoff and landing (eVTOL) aircraft industry.