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Vertical Aerospace taps Jefferies for strategic review

The company says operations, certification work and commercial commitments will continue during the strategic review.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Vertical Aerospace Ltd. (EVTL) has initiated a review of strategic alternatives, including potential strategic and financial partnerships to advance its next stage of development, and retained Jefferies LLC as financial advisor. The company says its operations, certification programme and commercial commitments will continue unabated during the review. It cautions that there can be no assurance the process will result in a transaction, strategic change or other outcome.

Vertical reports approximately $100 million of new financing to support continued progress toward certification and commercialisation, and appointed former Airbus Commercial Aircraft CEO Fabrice Brégier as Chair of its Board. The company reports completing five consecutive days of piloted eVTOL transition demonstrations at Farnborough in 2026, in front of more than 140,000 visitors. It remains on track to complete Critical Design Review by year-end 2026, while its early aircraft production facility and expanded Energy Centre remain on schedule to open later this year. Vertical also reports approximately 1,500 Valo pre-orders across four continents.

Positive

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Filing Explained

Vertical has set no timetable for its strategic review and says it does not intend to disclose developments until its board approves a specific course of action or otherwise determines further disclosure is appropriate or legally required.

New financing Approximately $100 million Financing to support continued progress toward certification and commercialisation
Transition demonstrations Five consecutive days Piloted eVTOL transition demonstrations at Farnborough in 2026
Farnborough visitors More than 140,000 visitors Attended the piloted eVTOL transition demonstrations
Critical Design Review Year-end 2026 The company says it remains on track to complete the review
Valo pre-orders Approximately 1,500 pre-orders Customers across four continents
Customer reach Four continents Customers for Valo pre-orders
strategic alternatives financial
"review of strategic alternatives"
Strategic alternatives are different options a company considers to improve its value or achieve its goals, such as selling the business, merging with another company, or restructuring operations. For investors, understanding these options is important because they can significantly impact the company's future direction and its stock value, often signaling potential changes or opportunities.
Critical Design Review technical
"complete Critical Design Review by year-end 2026"
A critical design review (CDR) is a formal, high‑level assessment where engineers and independent reviewers confirm a product or system’s detailed plans meet required performance, safety and regulatory needs before committing to full-scale production or implementation. For investors it signals reduced technical and schedule risk—like approving a final blueprint before construction—so passing a CDR often increases confidence in a project’s timeline, budget predictability and likelihood of commercial success.
eVTOL technical
"piloted eVTOL transition demonstrations"
eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.
piloted transition flight technical
"complete a piloted transition flight in a full-scale tiltrotor eVTOL"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is EVTL exploring in its strategic alternatives review?

Vertical Aerospace is reviewing strategic alternatives, including potential strategic and financial partnerships to advance the next stage of development; it retained Jefferies LLC as financial advisor.

When will Vertical provide updates on its strategic alternatives review?

Vertical says it intends to disclose developments only after its Board approves a specific course of action or determines further disclosure is appropriate or required by law.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number: 001-41169

 

 

Vertical Aerospace Ltd.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Unit 1 Camwal Court, Chapel Street

Bristol BS2 0UW

United Kingdom

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  x            Form 40-F  ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

On September 24, 2026, Vertical Aerospace Ltd. (the “Company”) announced that it has initiated a review of strategic alternatives, including potential strategic and financial partnerships to advance the next stage of development. The Company has retained Jefferies LLC as its financial advisor in connection with the review.

 

A copy of the press release is furnished herewith as Exhibit 99.1.

 

Forward-Looking Statements

 

This Report of Foreign Private Issuer on Form 6-K (the “Form 6-K”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this Form 6-K that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the appointment of Jefferies LLC to support a review of the Company’s strategic alternatives and the success of such review, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this Form 6-K speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. The Company disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this Form 6-K, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

 

 

 

 

INCORPORATION BY REFERENCE

 

The information included in this Report on Form 6-K (excluding Exhibit 99.1) is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-270756, File No. 333-284763, File No. 333-287207, File No. 333-292448, File No. 333-295988, File No. 333-297060 and File No. 333-298605) (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this Report on Form 6-K is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

EXHIBIT INDEX

 

Exhibit
No.
  Description
99.1   Press release of Vertical Aerospace Ltd. dated September 24, 2026

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Vertical Aerospace Ltd.
     
Date: September 24, 2026 By: /s/ Stuart Simpson
    Stuart Simpson
    Chief Executive Officer

 

 

 

Exhibit 99.1

 

VERTICAL AEROSPACE ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES TO SUPPORT NEXT PHASE OF DEVELOPMENT; APPOINTS JEFFERIES AS FINANCIAL ADVISOR

 

London & New York — 24 September 2026 — Vertical Aerospace ("Vertical" or the "Company") (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today announced that it has initiated a review of strategic alternatives including potential strategic and financial partnerships to advance the next stage of development.

 

The Company has retained Jefferies LLC as its financial advisor in connection with the review.

 

Stuart Simpson, Vertical Aerospace CEO, said:

 

“This year has been the most significant year in Vertical's history, with the completion of the first piloted transition flight under regulatory supervision globally at Farnborough International Airshow. Our team at Vertical has developed the best-in-class and only dual-use VTOL platform to the most exacting safety standards to serve a broad range of commercial and defence markets. The technology is in place and has been de-risked. As our focus moves to certification, industrialisation and commercialisation, we feel that now is the right time to explore our options for financing the next phase of our growth.”

 

The review follows a period of significant operational progress. In 2026, Vertical became only the second company globally to complete a piloted transition flight in a full-scale tiltrotor eVTOL and subsequently completed five consecutive days of piloted eVTOL transition demonstrations at the Farnborough International Airshow in front of more than 140,000 visitors.

 

The Company also recently strengthened its financial position with approximately $100 million of new financing to support continued progress towards certification and commercialisation. It has also appointed former Airbus Commercial Aircraft CEO Fabrice Brégier as Chair of its Board to help steer the Company through its next phase of development.

 

With the aircraft's core technology now demonstrated in piloted transition flight and the programme moving from development towards certification, industrialisation and commercial service entry, the Company considers this the right time to explore partnerships and alternatives that would benefit Vertical.

 

The Company's operations, certification programme and commercial commitments will continue unabated throughout the review process. Vertical remains on track to complete Critical Design Review by year-end 2026, and its early aircraft production facility and expanded Energy Centre remain on schedule to open later this year.

 

The Company has not set a timetable for completion of the review, and there can be no assurance that the review will result in any transaction, strategic change or other outcome. Vertical does not intend to disclose developments with respect to the review unless and until its Board of Directors has approved a specific course of action or otherwise determines that further disclosure is appropriate or required by law.

 

 

About Vertical Aerospace

 

Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.

 

Vertical combines partnerships with leading aerospace companies, including Honeywell Aerospace, Syensqo and Sonaca, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL.

 

Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the review of strategic alternatives, including its scope, timing, conduct and potential outcomes; the potential for industrial, commercial or financial partnerships or other transactions and the anticipated benefits thereof; the Company's certification and development programmes, including the timing of Critical Design Review and the opening of its early aircraft production facility and expanded Energy Centre; the Company's pre-orders and customer arrangements; the Company's financing arrangements and liquidity; as well as statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate," "will," "aim," "potential," "continue," "is/are likely to" and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption "Risk Factors" in Vertical's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 24, 2026, as such factors may be updated from time to time in Vertical's other filings with the SEC. Any forward-looking statements contained in this Form 6-K speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this Form 6-K, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

 

For more information:

 

Vertical Aerospace Media:

Justin Bates, Head of Communications

justin.bates@vertical-aerospace.com

+44 7878 357 463

 

Vertical Aerospace Investor Relations:

Gillian Levine, Investor Relations Lead

gillian.levine@vertical-aerospace.com

+1 248 470 8732

 

 

Filing Exhibits & Attachments

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