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.
Mudrick Capital Management, affiliated funds and Jason Mudrick report updated beneficial ownership of Vertical Aerospace Ltd. ordinary shares. They collectively beneficially own 105,401,051 Ordinary Shares, including shares issuable on conversion of Convertible Senior Secured Notes and warrants, representing 55% of the class based on 191,631,773 shares outstanding.
Under an April 20, 2026 Convertible Note Purchase Agreement, the company may sell up to $50,000,000 of Additional Convertible Senior Secured Notes; $15,000,000 has been purchased so far. On August 5, 2026, Mudrick agreed in principle, subject to definitive agreements, to purchase the remaining $35,000,000 on amended terms. The Indenture governing the 10.00% / 12.00% Convertible Senior Secured PIK Toggle Notes due 2030 will be amended so the conversion price for all such notes changes from $3.50 to $1.30 per Ordinary Share.
On the same date, Mudrick agreed it would consent to the company issuing $25,000,000 of Series A Convertible Preferred Shares to Yorkville Advisors Global, LP, waived participation rights in a $35,000,000 common equity offering, and agreed to vote its securities to approve repricing of certain employee options and a new management option pool. A Shareholder Agreement will expand the board to nine directors, give Mudrick proportionate nomination and committee representation rights while it beneficially owns at least 10% of the Ordinary Shares, and require a shareholder meeting by September 15, 2026 to vote on Articles Amendments.
Vertical Aerospace provided a business update on its Valo electric and hybrid-electric aircraft programs. After re-baselining its program plan with suppliers and remaining certification work, the company now expects to achieve Type Certification of Valo in 2029, later than its previously targeted 2028 timeline. Management states this reflects the rigor of certifying a new class of aircraft under existing regulatory frameworks.
The company reported multiple successful piloted transition flights under UK CAA Design Organisation Approval and received an expanded Permit to Fly, allowing its first public demonstration flights away from Cotswold Airport. Vertical plans to complete Critical Design Review by the end of 2026, bring an early production assembly facility online in Q3 2026, and expand its battery-focused Vertical Energy Centre in Q4 2026. A hybrid-electric Valo variant targeting up to 1,000 miles of range and up to 1,100kg payloads is progressing, with hybrid propulsion testing underway and flight testing targeted for H1 2027. The company cites approximately 1,500 conditional pre-orders with an estimated value of about $6 billion and plans to update its funding position alongside H1 2026 results on August 13, 2026.
Vertical Aerospace Ltd. director Benjamin Robert Story received a grant of 30,660 Nil Cost Options linked to common stock. These options were awarded at an exercise price of $0.00 per share as part of his compensation. Following this grant, he holds 71,133 options in total, of which 40,473 are already vested and the remaining options are scheduled to vest on December 31, 2026. This filing reflects a compensation-related award rather than an open-market share purchase or sale.
Vertical Aerospace director Poul Carsten Stendevad reported routine equity compensation and related tax withholding. He received 59,433 Restricted Stock Units that will vest on December 31, 2026 and have no expiration date. On the same date, 867 common shares were withheld at $1.74 per share to cover tax obligations, leaving him with 140,395 common shares directly owned.
Vertical Aerospace Ltd. director Andrew David Parker reported a compensation-related grant of 29,481 Nil Cost Options over the company’s common stock. These options carry a zero exercise price and increase his total option holdings to 52,465.
According to the disclosure, 22,984 of these options are vested, while the remaining portion is scheduled to vest on December 31, 2026. This filing reflects an equity award rather than an open-market share purchase or sale.
Vertical Aerospace Ltd. director Ky Patrick Marc reported compensation-related equity activity. He received a grant of 28,301 restricted stock units, each representing one share of common stock, which will vest on December 31, 2026. He also had 728 shares of common stock withheld at a price of $1.74 per share to cover tax obligations, a non-market disposition. After the withholding, he directly owns 21,691 shares of common stock.
Vertical Aerospace Ltd. director Haber Kris Tate reported routine equity compensation and related tax withholding. Tate received 29,481 restricted stock units that will vest on December 31, 2026, each settling into one common share. To cover tax obligations, 434 common shares were disposed of at $1.74 per share through a tax-withholding mechanism. After these transactions, Tate directly holds 44,205 common shares.
Vertical Aerospace Ltd. director James Keith Brown reported routine equity compensation changes. He received a grant of 29,481 restricted stock units, each tied to one share of common stock. On the same date, 434 shares of common stock were disposed of to cover tax obligations at a price of $1.74 per share. After these transactions, he directly holds 32,076 shares of common stock. The restricted stock units will vest on December 31, 2026, and have no expiration date.
Vertical Aerospace Ltd. filed a shelf prospectus to offer up to $500,000,000 of ordinary shares, preferred shares, warrants, rights and units pursuant to a Form F-3 shelf registration. The prospectus states offerings will be made from time to time and that specific terms, prices and amounts will be disclosed in prospectus supplements.
The prospectus discloses 127,328,004 ordinary shares outstanding as of March 31, 2026 and describes existing convertible and warrant instruments, including 22,338,993 ordinary shares issuable upon exercise of outstanding warrants and 41,796,270 ordinary shares issuable upon conversion of Convertible Senior Secured Notes. Use of proceeds will be described in each applicable prospectus supplement.