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) shareholder Mudrick Capital Management, L.P. (MCM) says it intends to exercise rights under the company’s Articles to remove directors JK Brown and Carsten Stendevad, nominate five additional directors, and request an increase in board size from nine to eleven. The board appointed MCM nominee Fabrice Bregier as a director effective September 21, 2026, after MCM nominated him on August 20, 2026. Shareholders adopted the Sixth Amended and Restated Memorandum and Articles of Association on September 11, 2026.
MCM and Jason Mudrick, a reporting person identified as sole member, each report shared voting and dispositive power over 214,698,010 ordinary shares, or 64.2% of the class; MCM’s cover page says there was no change from Amendment No. 9. A shareholder agreement dated August 12, 2026, provided MCM certain director nomination rights and set the board size at nine. MCM says it expects further discussions concerning the company’s business, governance, strategic alternatives, and a possible sale of the company or some of its business or assets.
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.
Vertical Aerospace Ltd. (EVTL) reported that its Board of Directors approved an increase in board size from eight to nine members and appointed Fabrice Brégier as a director and Chair of the Board, effective September 21, 2026.
Brégier was proposed under Mudrick Capital Management L.P.’s director appointment rights in Vertical’s amended and restated memorandum and articles of association. He brings over three decades of senior leadership experience, including serving as CEO of Airbus Commercial Aircraft, COO of Airbus Group, President & CEO of Eurocopter, CEO of Matra BAe Dynamics and MBDA, and President of Palantir Technologies France. He currently serves as a non-executive director of Safran SA and ENGIE SA, and Chair of SCOR SE.
The company states that this leadership change comes as it focuses on certification and commercialisation of its all-electric Valo eVTOL aircraft and development of hybrid-electric, autonomous and defence applications. Interim Chair Ben Story will remain on the board as a non-executive director after Brégier assumes the Chair role.
Vertical Aerospace Ltd. (EVTL) entered into a Marketing Services Agreement under which its wholly owned subsidiary, Vertical Aerospace Group Limited, engaged Outside The Box Capital Inc. to provide marketing and distribution services communicating information about the company, including via social media and online media distribution, for a cash fee.
The agreement runs from September 16, 2026 to March 15, 2027. The disclosure is also incorporated by reference into multiple existing Registration Statements on Form F-3, making this agreement part of the company’s registered disclosure record.
Vertical Aerospace Ltd. (EVTL) reported the results of its September 11, 2026 Annual General Meeting, where holders of 91,888,684 ordinary shares and 27,000 Series A convertible preferred shares were present or represented, accounting for approximately 56.71% of the voting power as of the August 18, 2026 record date.
Shareholders ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026. They approved an increase of 2,767,806 shares available under the 2021 Incentive Award Plan (excluding the CEO and non-employee directors) and approved reducing the exercise prices of certain existing options from $3.50 or $5.82 per share to $1.30 per share. Shareholders also approved, by special resolution, a Sixth Amended and Restated Memorandum and Articles of Association, which, among other matters, grants specific director nomination, removal, and consent rights to Mudrick Capital Management, L.P., the largest shareholder. A further proposal to adopt a Seventh Amended and Restated Memorandum and Articles of Association to remove certain references to Stephen Fitzpatrick received sufficient overall votes but failed because not all shares held directly or indirectly by Stephen Fitzpatrick were voted in favor, so the Sixth A&R M&A remains in effect.
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.