Vertical Aerospace (EVTL) Finalises Investment Agreement

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Go back to Vertical Aerospace (EVTL) Finalises Investment Agreement

Vertical Aerospace Finalises Investment Agreement

December 23, 2024 4:37 PM EST

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 price Shareholder 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.

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