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.
Stuart Simpson, chief executive of Vertical Aerospace, says the firm is now well-placed to raise further investment following ...
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Vertical Aerospace’s (EVTL) agreement with Mudrick removes Vertical’s convert overhang, improves governance, and paves the way for up to $50M ...
Vertical Aerospace has unveiled a new provisional funding agreement involving a $130 million debt-to-equity swap and the ...
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