Welcome to our dedicated page for Vertical Aerospace Ltd. SEC filings (Ticker: EVTL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vertical Aerospace Ltd.'s SEC filings document the company's reporting as a foreign private issuer developing the Valo electric vertical take-off and landing aircraft. Form 6-K reports include operating and financial reviews, unaudited interim financial statements, prototype flight-test and certification disclosures, and incorporation of certain materials into Form F-3 registration statements.
The filings also record capital-structure and financing matters, including ordinary share issuances, an at-the-market program, senior secured convertible notes, convertible preferred equity and an equity line of credit. Other disclosures cover long-term supplier agreements for Valo components, subsidiary arrangements, intellectual property litigation matters, forward-looking statements and governance or legal information tied to the company's aircraft development program.
Vertical Aerospace Ltd. (EVTL) has filed a resale shelf prospectus covering up to 168,169,971 ordinary shares that may be sold from time to time by a single selling securityholder group affiliated with Mudrick Capital Management. These shares arise from a recent amendment to Vertical’s Convertible Senior Secured PIK Toggle Notes, which reduced the fixed conversion price on all such notes from $3.50 to $1.30 per share and accelerated issuance of additional notes and future payment-in-kind interest.
The registered shares consist of up to 63,900,370 Step Down Conversion Shares and up to 104,269,601 Step Down PIK Shares. Vertical will not receive any proceeds from Mudrick’s resale of these shares; all proceeds go to the selling holder, though Vertical has previously received cash from issuing the underlying notes. As of August 10, 2026, 171,723,641 ordinary shares were outstanding, and Mudrick-affiliated funds beneficially owned a large convertible and warrant position that could translate into substantial equity ownership.
The prospectus highlights that Vertical is an early-stage eVTOL aircraft OEM, has not certified or sold non‑prototype aircraft, and discloses recurring losses, limited cash and a material uncertainty regarding its ability to continue as a going concern. The company emphasizes significant capital needs, execution and certification risks, conditional pre‑orders, dependence on partners and suppliers, and regulatory and market uncertainties for advanced air mobility.
Vertical Aerospace Ltd. (EVTL) reported that Chief Executive Officer Stuart Simpson received a grant of 13,934 Nil Cost Options over common stock. The options have a conversion price of $0.00 per share, expire on January 21, 2036, and increase his directly held option position to 3,430,766 options. According to the vesting terms, options begin vesting on September 30, 2026 with additional shares vesting quarterly thereafter, subject to continued service.
Vertical Aerospace Ltd. (EVTL) has filed a Form F-3 shelf registration to allow the resale, from time to time, of up to 168,169,971 ordinary shares by Mudrick Capital Management, L.P. and affiliated funds as the selling securityholder. These shares consist of up to 63,900,370 “Step Down Conversion Shares” issuable upon conversion of Vertical’s 10.00% / 12.00% Convertible Senior Secured PIK Toggle Notes due 2030 and up to 104,269,601 “Step Down PIK Shares” issuable upon conversion of notes received as payment-in-kind interest. A recent indenture amendment reduced the fixed conversion price for all such notes from $3.50 to $1.30 per share and accelerated the issuance of an additional $35 million in principal under a $50 million Additional Notes facility. Vertical states it will not receive any proceeds from sales of shares by the selling securityholder. As of August 10, 2026, 171,723,641 ordinary shares were outstanding, and Mudrick-related funds beneficially owned securities representing a large potential stake, including shares issuable upon full conversion of the notes and exercise of warrants. The filing highlights business and financial risks, including limited cash, recurring losses, going-concern uncertainty and the early-stage status of its eVTOL aircraft program.
Vertical Aerospace Ltd. (EVTL) reported that Chief Executive Officer Stuart Simpson received a grant of 44,013 Nil Cost Options on August 19, 2026. These options relate to an equal number of shares of common stock, have a zero exercise price, and expire on January 21, 2036.
Following this award, Simpson holds 3,416,832 derivative securities directly. According to the vesting terms, the options begin vesting on September 30, 2026, with additional portions vesting quarterly thereafter under an applicable vesting schedule, subject to his continued service through each vesting date.
Vertical Aerospace Ltd. is convening its AGM on September 11, 2026, for shareholders of record as of August 18, 2026, to vote on several governance and incentive proposals. Each ordinary share carries one vote, and Series A preferred shares vote on an as-converted basis.
Shareholders will vote on ratifying PricewaterhouseCoopers LLP as auditor for the year ending December 31, 2026; increasing the employee share limit under the 2021 Incentive Award Plan by 2,767,806 shares (excluding the CEO and non-employee directors); and repricing 5,043,000 existing options from $3.50/$5.82 to $1.30 per share.
They will also consider amendments to adopt a Sixth and then a conditional Seventh Amended and Restated Memorandum and Articles of Association, which embed and then clean up governance arrangements. These amendments formalize enhanced director nomination and consent rights for Mudrick Capital, tied to its ownership thresholds, and remove legacy rights held by founder Stephen Fitzpatrick once he holds below 3% of outstanding ordinary shares. The Mudrick-related amendments are linked to an accelerated issuance of the remaining $35,000,000 of Convertible Senior Secured Notes and are presented as supporting the company’s capital-intensive plan targeting aircraft certification in 2029.
Mudrick Capital Management and affiliated funds report beneficial ownership of 214,698,010 ordinary shares of Vertical Aerospace Ltd., representing 64.2% of the class on a partially diluted basis. This position includes existing shares, ordinary shares issuable upon conversion of Convertible Senior Secured Notes, and shares issuable from Existing, Tranche A and Tranche B Warrants held across multiple Mudrick funds.
The filing notes that Vertical Aerospace and Mudrick Capital Management, L.P. entered into an Amended and Restated Convertible Note Purchase Agreement under which the company issued an additional $35,000,000 aggregate nominal principal amount of Convertible Senior Secured Notes to Mudrick-managed vehicles. The related indenture was supplemented to change the conversion price of all such notes from $3.50 to $1.30 per ordinary share.
A separate Shareholder Agreement grants Mudrick Capital Management specified nomination, removal and consent rights, including expansion of the board from eight to nine directors and a formula-based right to nominate directors proportional to its beneficial ownership, subject to at least one Specified or Appointed Director remaining on the board.
Vertical Aerospace Ltd. reported that Chief Executive Officer Stuart Simpson received a grant of 666,667 Nil Cost Options on 2026-08-11. These options, each over one share of common stock at a $0.00 exercise price, begin vesting on 09/30/2026 and continue to vest quarterly, subject to continued service. Following this award, Simpson holds 3,372,819 derivative securities linked to common stock, and the options are scheduled to expire on 2036-01-21.
Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein report beneficial ownership of 14,682,710 Vertical Aerospace Ltd. securities on a Schedule 13G/A (Amendment No. 7). This position equals 10.3% of the relevant class. The reported holdings comprise 10,516,710 Ordinary Shares and 4,166,000 Ordinary Shares underlying Tranche A and Tranche B Public Warrants (2,083,000 each). The percentage is based on 138,390,307 Ordinary Shares outstanding as of July 31, 2026, plus the Ordinary Shares underlying the two warrant tranches. Voting and dispositive powers over the reported securities are described as shared among the reporting persons, and the securities are held in funds and accounts advised by Saba Capital.
Vertical Aerospace Ltd. reports first-half 2026 results and a major business update as it advances its Valo eVTOL platform toward certification and commercialization. The company remains pre-revenue and recorded an operating loss of £75.8 million for the six months ended June 30, 2026, driven by a sharp increase in research and development spending.
Net finance income of £96.2 million, mainly from fair value gains on convertible notes, produced a net profit of £18.7 million, though this is primarily non-cash. Cash and cash equivalents were £50 million at June 30, 2026 and approximately £99 million as of the filing date, supported by multiple capital-raising actions, including an August 2026 $35 million unit offering, $24 million of Series A convertible preferred shares, and an accelerated $35 million draw under its Mudrick note facility.
Vertical reports significant technical progress: two full-scale prototypes have achieved piloted transition flight, and the company completed the first public eVTOL transition flight at Farnborough International Airshow. The certification baseline has been re-planned, and type certification for Valo is now expected in 2029, later than the previously indicated 2028 target. Management projects about £110 million of net operating cash outflows over the next 12 months and states that current resources are expected to fund operations only to the end of the third quarter of 2027, creating a material going concern uncertainty if additional capital cannot be secured.
Vertical Aerospace Ltd. arranged additional financing with Mudrick Capital and aligned key financing documents with Yorkville. On August 12, 2026 the company executed a Fourth Supplemental Indenture that, among other changes, sets a fixed conversion price of US$1.30 per ordinary share for its outstanding and future convertible notes.
On the same date Vertical entered into an Amended and Restated Convertible Note Purchase Agreement giving Mudrick a committed facility to purchase up to US$35,000,000 in additional 10.00%/12.00% Convertible Senior Secured PIK Toggle Notes due 2030, with a draw (the Mudrick Facility Draw) expected around August 13, 2026. Net proceeds are intended for aircraft research and development, and expansion of testing, manufacturing and certification capabilities, as well as general working capital. The company also obtained a contractual right to repurchase specified notes from Mudrick at 112% of principal plus accrued cash interest within one year, and granted Mudrick and Yorkville registration rights for the ordinary shares issuable on note and preferred share conversion.