Vertical Aerospace Ltd Stock Price, News & Analysis

Vertical Aerospace (NYSE: EVTL), a global aerospace company focused on electric aviation, has successfully closed its previously announced underwritten public offering, raising $60 million in gross proceeds. The company sold 12 million ordinary shares at $5.00 per share, with underwriters having a 30-day option to purchase an additional 1.8 million shares.

The net proceeds will fund research and development for aircraft development, expand testing and certification capabilities, and provide working capital. This funding extends the company's cash runway towards mid-2026. Deutsche Bank Securities and William Blair served as joint bookrunners, with D. Boral Capital as co-manager.

[ "Successful raise of $60 million in gross proceeds through public offering", "Cash runway extended to mid-2026", "Funding secured for crucial R&D and certification activities" ]

Vertical Aerospace (NYSE: EVTL), a pioneer in electric aviation, has announced the pricing of its underwritten public offering of ordinary shares. The company is offering shares at $5.00 per share to raise $60 million, with underwriters having a 30-day option to purchase up to an additional 1.8 million shares.

The offering, expected to close around July 10, 2025, is being jointly managed by Deutsche Bank Securities and William Blair. Vertical plans to use the proceeds to fund research and development of its aircraft, expand testing and certification capabilities, and support general working capital needs.

Vertical Aerospace (NYSE: EVTL), a global aerospace company focused on electric aviation, has announced the launch of an underwritten public offering of $60 million in ordinary shares. The underwriters, Deutsche Bank Securities and William Blair, have been granted a 30-day option to purchase up to an additional $9 million of ordinary shares.

The company plans to use the proceeds to fund research and development for aircraft development, expand testing and certification capabilities, and support general working capital needs. The offering will be made through a preliminary prospectus supplement to the company's Form F-3 registration statement, which was declared effective by the SEC on May 16, 2025.

Vertical Aerospace (NYSE: EVTL), a pioneer in electric aviation, has announced significant leadership appointments to strengthen its executive team. The company has named Mark Higson as Chief Operating Officer, Steve Vellacott as VP of Airworthiness & Head of Design Organisation, and Eric Samson as VP Programme-Hybrid.

Mark Higson brings over 40 years of experience in international business operations, most recently as CEO of Modulaire Group. Steve Vellacott joins from Lilium, where he served as CTO and Head of Design, bringing extensive experience in eVTOL aircraft development. Eric Samson, who has been with Vertical since 2020, will lead the company's hybrid-electric VTOL aircraft strategy.

The appointments support Vertical's Flightpath 2030 goals as the company progresses toward completing its test flight program in 2025, having recently achieved the first piloted wingborne flight of a winged eVTOL in European public airspace.

Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company focused on electric aviation, has announced its Annual General Meeting (AGM) details. The AGM will be held on August 5, 2025, at 3:00 pm GMT at the company's Bristol Headquarters in the United Kingdom.

Shareholders will review and consider proposals outlined in the company's circular, which includes a notice of the AGM, a shareholder letter, and a proxy card. The complete documentation has been filed with the SEC via Form 6-K on July 1, 2025.

Vertical Aerospace (NYSE: EVTL) and Bristow Group (NYSE: VTOL) have expanded their strategic partnership to accelerate eVTOL adoption through a 'ready-to-fly' operational model. The partnership includes Bristow's pre-order of up to 50 VX4 aircraft with options for 50 more. The capital-light platform will provide Vertical's customers with turnkey solutions including certified aircraft, trained pilots, maintenance, and insurance. Bristow will leverage its 75+ years of experience and global operational footprint to manage operations for Vertical's customers. The partnership builds on Vertical's recent achievement of completing the first wingborne flight of a winged eVTOL in European airspace. The companies will also explore MRO services including battery swapping and field maintenance solutions, while harmonizing safety management systems and utilizing VX4's cloud architecture for predictive maintenance.

Vertical Aerospace (NYSE: EVTL) has appointed Lord Andrew Parker, former MI5 Director General and Lord Chamberlain, to its Board of Directors effective June 2, 2025. Lord Parker brings extensive national security and intelligence experience from his tenure as MI5's Director General (2013-2020) and his role in the Royal Household. The appointment follows Vertical's announcement of its hybrid-electric program and aligns with the UK government's recent £20 million commitment to advance drone and eVTOL technologies. Lord Parker currently serves as a Non-Executive Director at Babcock International Group and will support Vertical's expansion in both civil and defence applications. The appointment strengthens Vertical's position in defence, national security, and government affairs as the company works toward real-world deployment of its aircraft.

Vertical Aerospace [NYSE: EVTL] has achieved a historic milestone with the first-ever piloted wingborne flight of a winged eVTOL aircraft in European open airspace. The VX4 prototype, piloted by Chief Test Pilot Simon Davies, successfully completed controlled wingborne flight from Cotswold Airport following UK Civil Aviation Authority approval. The aircraft demonstrated expected performance, capturing over 30,000 in-flight parameters. Vertical is currently the only company globally flying a piloted winged eVTOL under a Design Organisation Approval from the CAA. The VX4 reached speeds of up to 150 mph and altitudes near 2,000 ft. The company completed extensive testing, including 7.2 million fatigue cycles on propeller blades and 3,000+ hours of component testing. Vertical aims to complete piloted transition flight in 2H 2025, marking a crucial step toward commercial deployment.

Vertical Aerospace [NYSE: EVTL] released its Q1 2025 operating update, highlighting significant progress in its electric aviation initiatives. The company is advancing toward piloted wingborne flight tests in Q2 2025, with CAA approval anticipated. Key developments include a new partnership with Honeywell for certifying critical flight systems, and the announcement of a 1,000-mile hybrid-electric VTOL program targeting defense and logistics markets. The company has strengthened its testing capabilities by adding a third VX4 prototype and expanding its test pilot team. Financially, Vertical maintains £69 million ($89 million) in cash, expected to fund operations into Q4 2025, with projected FY 2025 net operating cash outflows of £90-100 million. The company has also bolstered its board with three new directors bringing capital markets expertise.