Vertical Aerospace (EVTL) Launches Proposed $75M Share Offering

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Go back to Vertical Aerospace (EVTL) Launches Proposed $75M Share Offering

Vertical Aerospace Announces Launch of Proposed Underwritten Public Offering

January 22, 2025 4:16 PM EST

LONDON--(BUSINESS WIRE)-- Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical or the Company), a global aerospace and technology company that is pioneering electric aviation, today announced that it has commenced an underwritten public offering of $75 million of units (the "Offering). Each unit consists of one ordinary share and one-half of one Tranche A warrant and one-half of one Tranche B warrant. The ordinary shares and the warrants comprising the units are immediately separable and will be issued separately in the Offering. The Offering is subject to market and other conditions, and there can be... More