Vertical Aerospace has closed its underwritten public offering, raising $60 million to fund research and development of the VX4 eVTOL aircraft.
12,000,000 ordinary shares at $5.00 per ordinary share were sold, with net proceeds from this offering extending Vertical’s cash runway towards the middle of 2026.
The company aims to use these net proceeds to fund research and development expenses as it develops its eVTOL aircraft and expenditures in the expansion of testing and certification capacities. The profits will also go towards general working capital and other corporate purposes.
The Offering was executed through a prospectus supplement to the Company’s registration statement on Form F-3. This was filed with the U.S. Securities and Exchange Commission (SEC) on May 13 2025, becoming effective on May 16, 2025.
Vertical has also granted underwriters a 30-day option to purchase up to an additional 1,800,000 ordinary shares at the public offering price, which has not yet been exercised.
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