Vertical Aerospace plans USD 35 million ordinary share sale to investors, term sheet shows

Reuters2026/08/10 10:19

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Vertical Aerospace outlined a plan to raise USD 60 million in new equity, alongside USD 35 million of additional Convertible Secured Notes from Mudrick.
Yorkville to buy USD 25 million of Series A Convertible Preferred Shares, convertible into ordinary shares under an amended Certificate of Designations.
Company to market about USD 35 million of newly issued ordinary shares at a minimum price of USD 1 per share, with investor selection coordinated with Mudrick.
Convertible Secured Notes conversion terms to be reset to a fixed USD 1.3 per ordinary share for both existing notes and the new USD 35 million tranche.
Closing targeted by Aug. 12, 2026, subject to the Yorkville preferred issuance completing and related documentation being executed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertical Aerospace Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-092942), on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Vertical Aerospace plans USD 35 million ordinary share sale to investors, term sheet shows

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