Vertical Aerospace Ltd. Completes $60M Public Offering to Fund R&D and Expand Certification Capacities

Reuters

07/11

<a href="https://laohu8.com/S/EVTWF">Vertical Aerospace Ltd.</a> Completes $60M Public Offering to Fund R&D and Expand Certification Capacities

Vertical Aerospace Ltd., a leader in electric aviation, has announced the successful closing of its underwritten public offering, raising gross proceeds of $60 million. The company sold 12 million ordinary shares at $5.00 each, with an additional option for underwriters to purchase up to 1.8 million more shares. The proceeds from this offering are intended to support the company's ongoing research and development, expand its testing and certification capacities, and cover general corporate expenses. Deutsche Bank Securities and William Blair served as joint bookrunners, while D. Boral Capital acted as co-manager for the offering. This financial boost is expected to extend Vertical Aerospace's cash runway into the middle of 2026, marking a significant step forward in its mission to advance electric aviation technology.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertical Aerospace Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250711134179) on July 11, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertical Aerospace Ltd. published the original content used to generate this news brief via Business Wire (Ref. 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