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Vertical Aerospace Ltd - EVTL STOCK NEWS

Welcome to our dedicated news page for Vertical Aerospace (Ticker: EVTL), a resource for investors and traders seeking the latest updates and insights on Vertical Aerospace.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vertical Aerospace's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vertical Aerospace's position in the market.

News
Vertical Aerospace Announces Release of Shareholder Letter and Filing of Annual Report on Form 20-F
Rhea-AI Summary
Vertical Aerospace (EVTL) announces the completion of the second VX4 prototype, showcasing advanced features and plans for flight tests. The company maintains a disciplined approach to spending, receiving significant investments from Stephen Fitzpatrick. The CEO expresses confidence in Vertical's technology and progress for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.54%
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Vertical Enters Into Investment Agreement With Founder and CEO, Stephen Fitzpatrick Committing to Provide up to $50 Million of Funding
Rhea-AI Summary
Vertical Aerospace (EVTL) secures a $50 million funding commitment from its CEO, Stephen Fitzpatrick, for zero emissions aviation. Shareholders to vote on proposed amendments at an extraordinary general meeting.
Rhea-AI Impact
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End-of-Day
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Vertical Wins New UK Government Backing to Transform the Future of Flight
Rhea-AI Summary
Vertical Aerospace (EVTL) secures an £8 million grant from the UK Government to develop next-generation propellers for their VX4 aircraft, bringing total grant funding to £37 million. The project aims to advance eVTOL propeller technology, positioning the UK as a global leader in urban air mobility and zero-emission aviation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
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none
News
Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment
Rhea-AI Summary
Vertical Aerospace, a global aerospace and technology company, secured $50 million in funding from its founder and CEO, Stephen Fitzpatrick. The investment extends the company's cash runway into Q2 2025 and supports the development of its certification aircraft design. The funding comes at a crucial time as the company nears the completion of its second-generation piloted VX4 prototype and targets Type Certification towards the end of 2026. The company has achieved significant technical progress and has secured pre-orders for 1500 VX4 aircraft worth over $5 billion. The funding transaction involves an initial tranche of $25 million at $10 per share and a second tranche of $25 million at a price to be determined.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.3%
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Vertical Receives Continued Listing Standard Notice from NYSE
Rhea-AI Summary
Vertical Aerospace (Vertical) [NYSE: EVTL] has received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with the minimum average closing price requirement for its ordinary shares. The company is considering options to regain compliance and has a six-month cure period to meet the listing standards. The notice has no immediate impact on the listing of Vertical's shares or its ongoing business operations.
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Vertical Aerospace Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Vertical Aerospace Ltd. (NYSE: EVTL; EVTLW) announces financial results and operational highlights for Q3 2023, including progress in certification, testing, and flight demonstrations. The company reported a net operating loss of £22m for the quarter and £74m in cash at bank as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.37%
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earnings
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Hanwha Aerospace, Vertical Aerospace expand eVTOL Aircraft Partnership
Rhea-AI Summary
Hanwha Aerospace and Vertical Aerospace have signed an agreement to collaborate on the development of tilt and blade pitch control systems for Vertical's VX4 electric aircraft. Hanwha will now be responsible for all actuation systems of the four-passenger air taxi. The VX4 aircraft is targeting Type Certification by the end of 2026 and has already secured over 1,400 orders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.13%
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partnership
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Vertical Aerospace';s VX4 Programme Moves to the Next Phase
Rhea-AI Summary
Vertical Aerospace provides update on its overall program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
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Vertical Aerospace Announces First Half-Year 2023 Financial Results
Rhea-AI Summary
Vertical Aerospace announces financial results for the first half of 2023 and highlights progress in flight tests and certification activities. The company has seen momentum in testing, certification, and commercial efforts, including the first untethered flights of its full-scale VX4 and the addition of South Korea as a launch market. The net operating loss for the first half of 2023 was £36m. Vertical expects to spend approximately £80m over the next year. The company is progressing the build of its second prototype VX4 and making progress with certification activities. Stuart Simpson has been appointed as the Chief Financial Officer. Vertical has partnered with Kakao Mobility to develop urban air mobility travel solutions in South Korea. The company reported a net operating loss of £36m for the six months ended June 30, 2023, compared to £39.5m for the same period in 2022. Vertical had cash and cash equivalents of £89.7m as of June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
earnings
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Vertical Expands Presence in Asia-Pacific With VX4 Aircraft Pre-order From Leading South Korean Mobility Firm Kakao Mobility
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
6.01%
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Vertical Aerospace Ltd

NYSE:EVTL

EVTL Rankings

#3886 Ranked by Market Cap
#5311 Ranked by Stock Gains
N/A Ranked by Dividends

EVTL Stock Data

181.42M
54.06M
70.04%
1.03%
0.27%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United Kingdom
Bristol

About EVTL

we’re an exciting new aerospace company that is looking to change how the public views and uses air travel. great engineering is about the elegance and efficiency of doing more with less - and our dynamic and accomplished team is aiming to move faster than our competitors to deliver the future, now.