Vertical Aerospace Ltd., (EVTL) News
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EVTL News Highlights
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Latest EVTL News From Around the Web
Below are the latest news stories about VERTICAL AEROSPACE LTD that investors may wish to consider to help them evaluate EVTL as an investment opportunity.
Vertical Aerospace Starts 2025 With Piloted Thrustborne MilestoneLONDON & NEW YORK, January 08, 2025--Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering electric aviation, has taken another significant step in its testing programme by successfully completing its first piloted thrustborne flight manoeuvres. |
Vertical Aerospace Finalises Investment AgreementLONDON & NEW YORK, December 23, 2024--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. |
Vertical Aerospace Releases Third Quarter 2024 Financial ResultsLONDON & NEW YORK, December 20, 2024--Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, today announces its financial results for the third quarter ended September 30, 2024. The third quarter 2024 financial results filing can be found on the Company’s investor relations website. |
Vertical Calls Extraordinary General MeetingLONDON & NEW YORK, December 13, 2024--Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold an extraordinary general meeting of the shareholders of the Company (the "EGM"), to be held at 10:30 a.m. GMT on December 23, 2024 at the offices of the Company: 4th Floor, United House, 9 Pembridge Road, London W11 3JY, United Kingdom. |
Vertical Aerospace price target lowered to $13 from $15 at Deutsche BankDeutsche Bank analyst Edison Yu lowered the firm’s price target on Vertical Aerospace (EVTL) to $13 from $15 and keeps a Buy rating on the shares. The firm increasingly views the company as the leading European aerial mobility upstart “despite a bumpy few years.” The funding arrangement with Mudrick should extend the cash runway through end of next year and materially de-lever the balance sheet, the analyst tells investors in a research note. Deutsche cites greater dilution for the target drop. |
Vertical Aerospace price target raised to $16 from $15 at CanaccordCanaccord raised the firm’s price target on Vertical Aerospace (EVTL) to $16 from $15 and keeps a Buy rating on the shares. The firm noted the company announced that it has reached an agreement with its primary creditor, Mudrick Capital Management, to add $180M in capital to the company’s balance sheet, including $50M in new funding reducing pressure on Vertical as it works through its certification program in the meantime. Published first on TheFly – the ultimate source for real-time, market-mo |
Vertical Aerospace Announces $50 Million in New Funding as Part of $180 Million Transaction That Will Strengthen Its Financial Position and Advance Its Flightpath 2030 StrategyLONDON & NEW YORK, November 25, 2024--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering electric aviation, today announced the signing of a term sheet among the Company, its majority shareholder Stephen Fitzpatrick, and its primary creditor Mudrick Capital Management. |
Air-taxi maker Vertical signs tentative funding deal with investor, extends cash runway(Reuters) -UK-based Vertical Aerospace and Mudrick Capital have signed a non-binding term sheet under which the investor will convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, the air-taxi maker said. Mudrick will commit $25 million in upfront funding for Vertical's next equity round and an additional $25 million backstop, which can be reduced by amounts raised from third parties. If finalized, the agreement will extend Vertical's cash runway into the fourth quarter of next year. |
Energy tycoon risks £200m lawsuit as flying taxi company battles cash crunchThe energy tycoon Stephen Fitzpatrick is at risk of being sued for more than £200m as his flying taxi business teeters on the brink of collapse. |
VX4 Achieves Major Milestone With Launch of Phase 2 of Piloted Flight TestingLONDON & NEW YORK, November 12, 2024--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering zero-emissions aviation, has seen its latest full scale VX4 prototype achieve piloted, untethered vertical take-off and landing for the first time as Phase 2 of its flight test programme begins. |