Wednesday, December 22, 2021 11:42:24 AM
- Vertical Aerospace Ltd.'s ordinary shares will begin trading today under the ticker EVTL on the New York Stock Exchange.
- Proceeds raised plus the issuance of convertible senior secured notes equals approximately $300 million, in excess of the circa $250 million projected spend through to certification and scale production.
- Public shareholders join PIPE investors American Airlines, Avolon, Honeywell, Microsoft's M12, Kouros, Rolls-Royce, 40North and Rocket.
- Vertical recently premiered the full-scale version of its VX4 electric aircraft.
- Vertical has continued to develop its world-class team of seasoned engineers & executives from aviation and transportation backgrounds. Recently, the company appointed Justin Paines, previously of Joby, as its Chief Test Pilot; Harry Holt as incoming Chief Operating Officer from Rolls-Royce, in addition to experienced independent board members and advisors.
- Vertical has deliberately chosen a differentiated approach to its peer group. Vertical's focus is on designing, manufacturing, selling, and servicing aircraft. This allows Vertical's airline partners and other customers to deploy the aircraft as opposed to Vertical developing its own customer-facing operations or ride-share platform.
- Vertical believes it has the largest conditional pre-order book in the eVTOL industry, of up to 1,350 aircraft worth $5.4 billion from American Airlines, Avolon, Virgin Atlantic, Bristow, Marubeni and Iberojet, and through Avolon's placements, airlines JAL and Gol.
- Vertical expects to reach full certification through what is believed to be the highest global certification, the European Union Aviation Safety Authority (EASA) by 2024 and commercial operability by the mid-2020s.
New York Yankees and Duke Basketball
Recent EVTL News
- Vertical Aerospace makes leadership appointments • Business Wire • 05/01/2024 09:00:00 AM
- Vertical Aerospace Announces Release of Shareholder Letter and Filing of Annual Report on Form 20-F • Business Wire • 03/14/2024 11:30:00 AM
- Vertical Enters Into Investment Agreement With Founder and CEO, Stephen Fitzpatrick Committing to Provide up to $50 Million of Funding • Business Wire • 02/22/2024 10:43:00 PM
- Vertical Wins New UK Government Backing to Transform the Future of Flight • Business Wire • 02/20/2024 07:00:00 AM
- Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment • Business Wire • 01/22/2024 09:45:00 AM
- Vertical Receives Continued Listing Standard Notice from NYSE • Business Wire • 12/01/2023 09:30:00 PM
- Vertical Aerospace Announces Third Quarter 2023 Financial Results • Business Wire • 11/09/2023 11:00:00 AM
- Vertical Aerospace's VX4 Programme Moves to the Next Phase • Business Wire • 08/31/2023 11:30:00 AM
- Vertical Aerospace Announces First Half-Year 2023 Financial Results • Business Wire • 08/03/2023 08:19:00 AM
- Vertical Expands Presence in Asia-Pacific With VX4 Aircraft Pre-order From Leading South Korean Mobility Firm Kakao Mobility • Business Wire • 05/22/2023 07:29:00 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM