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LONDON, Dec. 16, 2021 /PRNewswire/ -- Vertical Aerospace Group Ltd. ("Vertical"), a global aerospace and technology company that is pioneering zero-emissions aviation, announced today the closing of a business combination with Broadstone Acquisition Corp. ("Broadstone") (NYSE:BSN), a special purpose acquisition company. Vertical Aerospace Ltd.'s ordinary shares will begin trading today under the ticker (EVTL) on the New York Stock Exchange ("NYSE"). Stephen Fitzpatrick, CEO, and Founder of Vertical said "This listing is a landmark moment for Vertical Aerospace. We have global
- Broadstone Acquisition Corp. and Vertical Aerospace expect to complete their business combination, subject to Broadstone shareholder approval and the satisfaction or waiver of other closing conditions - Extraordinary general meeting of Broadstone shareholders to be held on December 14, 2021, at 10:00 AM, New York time - Gross proceeds of at least $300 million including a fully committed PIPE predominantly from key strategic investors including American Airlines, Avolon, Rolls-Royce, Honeywell, and Microsoft's M12 - Transaction will provide required capital to certify the VA-X4, develop a manufacturing facility and build out Vertical's commercial platform and scale production - Vertical Ae
Extraordinary general meeting of Broadstone shareholders to be held virtually and in New York on December 14, 2021 at 10:00 AM, Eastern Time. Business combination with Vertical expected to close on or about December 16, 2021, subject to shareholder approval, after which Pubco's ordinary shares and warrants will be listed on the New York Stock Exchange under the symbols "EVTL" and "EVTLW," respectively. The Broadstone Board of Directors recommends that shareholders vote "FOR" all the proposals at the shareholder meeting. LONDON, Dec. 2, 2021 /PRNewswire/ -- Broadstone Acquisition Corp. (NYSE:BSN, BSN-UN and BSN-WT))) ("Broadstone"), a special purpose acquisition company, has filed its defini
- Vertical is pioneering electric flight, enabling the transition to a future of zero-carbon aviation by providing faster, quieter, greener, and smarter ways for people to travel around cities and regions. - Vertical Aerospace Ltd.'s ordinary shares will begin trading today under the ticker EVTL on the New York Stock Exchange. - Proceeds raised plus the issuance of convertible senior secured notes equals approximately $300 million, in excess of the circa $250 million projected spend through to certification and scale production. - Public shareholders join PIPE investors American Airlines, Avolon, Honeywell, Microsoft's M12, Kouros, Rolls-Royce, 40North and Rocket. - Vertical recently premier
Gainers Theseus Pharmaceuticals, Inc. (NASDAQ:THRX) gained 34.1% to settle at $12.58 on Wednesday. CMC Materials, Inc. (NASDAQ:CCMP) climbed 33.9% to close at $195.50 on Wednesday after the company announced it will be acquired by Entegris for $6.5 billion in cash and stock. Biofrontera Inc. (NASDAQ:BFRI) shares jumped 26.4% to settle at $6.95 on Wednesday after Benchmark initiated coverage on the stock with a Buy rating and announced a $11 price target. Regional Health Properties, Inc. (NYSE:RHE) gained 23.8% to close at $6.70. Regional Health Props, last month, posted a Q3 loss of $1.25 per share. Gemini Therapeutics, Inc. (NASDAQ:GMTX) rose 23.1% to settle at $2.99 after HC Wain
The month of December shows an increasing number of SPAC deal votes. SPAC merger votes can act as a catalyst, as the votes complete the last step in the merger process and change the company over to a new name and ticker that can help build recognition. Several former SPACs also saw wide swings in their share price after being de-SPAC-ed if they receive heavy redemption and have a low float for shares available. December SPAC Merger Calendar: Dec. 1: Aldel Financial Inc (NYSE:ADF) and Hagerty: Auto insurance company Hagerty specializes in providing insurance for classic cars and vehicles. Dec. 2: 890 5th Avenue Partners (NASDAQ:ENFA) and BuzzFeed: Media company BuzzFeed owns brands that i
SC 13G - Broadstone Acquisition Corp. (0001815805) (Subject)
SC 13G - Broadstone Acquisition Corp. (0001815805) (Subject)
SC 13G - Broadstone Acquisition Corp. (0001815805) (Subject)
25-NSE - Broadstone Acquisition Corp. (0001815805) (Subject)
8-K - Broadstone Acquisition Corp. (0001815805) (Filer)
425 - Broadstone Acquisition Corp. (0001815805) (Subject)
BRISTOL, United Kingdom, Oct. 5, 2021 /PRNewswire/ -- Vertical Aerospace ("Vertical"), the aerospace and technology company that is pioneering electric aviation, announces the appointment of Harry Holt as Chief Operating Officer. The announcement further strengthens Vertical's senior leadership team which is well-balanced and draws from industry leaders in the aviation, energy, engineering and technology sectors. Vertical has already received conditional pre-orders for a total of up to 1,350 aircraft from American Airlines, Avolon, Bristow and Iberojet, which includes pre-order options from Virgin Atlantic and Marubeni, and in doing so, is creating multiple potential near term and actionable