Vertical Aerospace to Advance Certification and Commercialisation Phase

12 Aug Vertical Aerospace to Advance Certification and Commercialisation Phase

(Oilandgaspress) 12/08/26 -Vertical Aerospace announced financing commitments of approximately $100 million from existing and new investors to support continued progress toward the certification and commercialisation of its Valo aircraft platform.
Financing Highlights
The proposed $100 million of financing comprises three components:

• $40 million from Mudrick Capital Management, L.P. (“Mudrick Capital”) through the
  combination of a recently closed $5 million draw plus a $35 million accelerated draw
  planned by August 12, 2026, each under the Company’s existing $50 million convertible
  note facility, reflecting the continued commitment of Vertical’s largest shareholder.
• $35 million equity investment from a group of existing and new investors in an
  underwritten offering of units, each comprising one ordinary share and one warrant,
  at a price of $1.05 per unit. The offering priced today and is expected to close on or
  about August 11, 2026.
• $25 million issuance from the Company’s preferred equity facility with Yorkville
  Advisors Global, L.P., which will settle today

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