Vertical Aerospace Announces Pricing Of $60M Underwritten Public Offering At A Price Of $5/Share

Vertical Aerospace (Vertical) (NYSE:EVTL) ("Vertical" or the "Company"), a global aerospace and technology company that is pioneering electric aviation, today announced that it has priced its underwritten public offering of $60 million of the Company's ordinary shares at a public offering price of $5.00 per ordinary share (the "Offering"). In connection with the Offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 ordinary shares. The Offering is expected to close on or about July 10, 2025, subject to customary closing conditions.

Deutsche Bank Securities and William Blair are acting as joint bookrunners for the Offering.

Vertical intends to use the net proceeds from the Offering to fund its research and development expenses as Vertical continues to develop its aircraft and its expenditures in the expansion of its testing and certification capacities, as well as for general working capital and other general corporate purposes.

The Company's ordinary shares trade on the NYSE under the symbol "EVTL".