Saba Capital reveals major Vertical Aerospace stake
Saba Capital Management, L.P. filed an initial ownership report for Vertical Aerospace Ltd., disclosing indirect holdings rather than new trades.
Sentiment and the balance of points
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Form Type
3
Rhea-AI Filing Summary
Saba Capital Management, L.P. filed an initial ownership report for Vertical Aerospace Ltd., disclosing indirect holdings rather than new trades. The firm reports 11,640,503 shares of common stock held indirectly, plus Tranche A and Tranche B warrants each exercisable for 2,083,000 common shares. Tranche A warrants have a $6.00 exercise price and Tranche B warrants a $7.50 exercise price, both currently exercisable and expiring on January 23, 2030.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Saba Capital Management, L.P.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Tranche A Warrants | -- | -- | -- |
| holding | Tranche B Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Tranche A Warrants — 2,083,000 contracts (Indirect, -);
Tranche B Warrants — 2,083,000 contracts (Indirect, -);
Common Stock — 11,640,503 shares (Indirect, -)
Key Figures
Common shares held: 11,640,503 shares
Tranche A underlying shares: 2,083,000 shares
Tranche A exercise price: $6.00 per share
+5 more
8 metrics
Common shares held
11,640,503 shares
Indirect common stock holdings following reported positions
Tranche A underlying shares
2,083,000 shares
Underlying common stock for Tranche A warrants, indirect
Tranche A exercise price
$6.00 per share
Exercise price for Tranche A warrants
Tranche B underlying shares
2,083,000 shares
Underlying common stock for Tranche B warrants, indirect
Tranche B exercise price
$7.50 per share
Exercise price for Tranche B warrants
Warrant exercisability date
January 23, 2025
Exercise start date for Tranche A and B warrants
Warrant expiration date
January 23, 2030
Expiration for Tranche A and B warrants
Holding entries
3 entries
Transaction summary shows three holding entries and no buys or sells
Key Terms
Tranche A Warrants, Tranche B Warrants, exercise price, expiration date, +2 more
6 terms
Tranche A Warrants financial
"security_title": "Tranche A Warrants""
Tranche B Warrants financial
"security_title": "Tranche B Warrants""
exercise price financial
"conversion_or_exercise_price": "6.0000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2030-01-23T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
indirect ownership financial
""ownership_type": "indirect""
Form 3 regulatory
"INSIDER FILING DATA (Form 3):"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Saba Capital disclose in its Form 3 for EVTL?
Saba Capital Management, L.P. reports existing indirect holdings in Vertical Aerospace Ltd., including 11,640,503 common shares and two series of warrants. This is an initial ownership filing, listing positions rather than reporting new purchases or sales of EVTL securities.
What Tranche A warrants does Saba Capital report in EVTL?
Saba Capital reports Tranche A warrants indirectly tied to 2,083,000 common shares of Vertical Aerospace. These warrants have a $6.00 exercise price, became exercisable on January 23, 2025, and are scheduled to expire on January 23, 2030, according to the disclosure.
What Tranche B warrants does Saba Capital hold in Vertical Aerospace?
The filing shows Tranche B warrants indirectly exercisable for 2,083,000 common shares of Vertical Aerospace. These warrants carry a $7.50 exercise price, are currently exercisable from January 23, 2025, and will expire on January 23, 2030, as reported in the Form 3.
Does the Saba Capital Form 3 for EVTL show any recent buying or selling?
No, the Form 3 lists Saba Capital’s existing indirect holdings and categorizes entries as holdings with unknown transaction codes. The transaction summary shows zero buys, zero sells, and three holding entries, indicating disclosure of positions rather than new market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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