Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
IPO Year: 2021
Exchange: NYSE
Website: https://www.vertical-aerospace.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/7/2025 | $12.00 | Buy | H.C. Wainwright |
7/23/2024 | $1.00 → $1.50 | Hold → Buy | Deutsche Bank |
6/9/2023 | $2.00 | Hold | Canaccord Genuity |
7/27/2022 | Mkt Perform | Raymond James | |
4/11/2022 | $9.00 | Hold | Deutsche Bank |
1/18/2022 | $7.00 | Underweight | Barclays |
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold its Annual General Meeting (AGM) at 12:30pm London Time on September 16th 2024 at their Bristol Headquarters, Unit 1, Camwal Court, Chapel St, Bristol BS2 0UW. Shareholders are invited to consider several proposals detailed in the Company's circular to shareholders, providing notice of the AGM to the Company's shareholders, and including a letter to the Company's shareholders and a form of proxy card in connection with the proposals sought to be adopted by the AGM, which is attached as an exhibit to a curren
- Partnership includes Avolon, Corporación América Airports, GOL, Grupo Comporte and Vertical Aerospace - Partnership will explore infrastructure requirements to make eVTOL operations a reality in Brazil this decade A partnership of global leaders in aviation and airports announces its intention to explore the infrastructure requirements to bring eVTOL passenger flight to Brazil within this decade. The partnership includes: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220602005460/en/Partnership between Avolon, Corporación América Airports, GOL, Grupo Comporte and Vertical Aerospace will explore and define vertiport design an
Vertical completes Phase 2 of its piloted thrustborne testing with the VX4 prototype exceeding expectations for stability and performance The company is now preparing for the next stage in its testing programme – piloted wingborne flight – a world first for a full-scale tilt rotor eVTOL Update comes as Vertical continues its strong start to the year – including securing $90m in its recent upsized public offering Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering electric aviation, has successfully completed the second stage of piloted thrustborne testing of its full scale VX4 prototype. This press release features multimedia. V
Vertical Aerospace (Vertical) (NYSE:EVTL) ("Vertical" or the "Company"), a global aerospace and technology company that is pioneering electric aviation, today announces the closing of its previously announced underwritten public offering (the "Offering") for total gross proceeds of $90 million, before deducting underwriting discounts and commissions and other offering expenses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124312019/en/Vertical's VX4 prototype during recent piloted test flights in the UK. (Photo: Business Wire) The amount raised was increased from an initial launch target of $75 million, reflecting strong in
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 $90 million of units at a public offering price of $6.00 per unit (the "Offering"). Each unit consists of one ordinary share and one-half of one Tranche A warrant and one-half of one Tranche B warrant. The ordinary shares and the warrants comprising the units are immediately separable and will be issued separately in the Offering. The Offering is expected to close on or about January 24, 2025, subject to customary closing conditions. The Tranche A warrants will expire
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 commenced an underwritten public offering of $75 million of units (the "Offering"). Each unit consists of one ordinary share and one-half of one Tranche A warrant and one-half of one Tranche B warrant. The ordinary shares and the warrants comprising the units are immediately separable and will be issued separately in the Offering. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offer
Mr. Slattery brings over three decades of aviation expertise including founding and scaling two of the leading global aviation finance firms: Avolon and SMBC Aviation Dómhnal rejoins Vertical's Board having previously led the business in building its industry leading order book and listing on the New York Stock Exchange Vertical announces Chair appointment as it continues to deliver against its Flightpath 2030 strategy to lead the eVTOL sector by the end of the decade Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering electric aviation, announces the appointment of Dómhnal Slattery as Chairman of its Board of Directors with imme
Vertical becomes only the second company in the world to achieve piloted thrustborne flight manoeuvres with a full-scale vectored thrust eVTOL aircraft UK Civil Aviation Authority approves final stages of Phase 2 testing Strong start to 2025 as Vertical progresses towards flying full-scale piloted wingborne ahead of transition flight Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW)), a global aerospace and technology company that is pioneering electric aviation, has taken another significant step in its testing programme by successfully completing its first piloted thrustborne flight manoeuvres. This press release features multimedia. View the full release
Mudrick Capital Management enters into investment agreement to commit up to $50 million of new funding and converts $130 million debt into equity at fixed conversion price Shareholder support paves way for funding round expected to close in Q1 2025 Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW)), a global aerospace and technology company that is pioneering electric aviation, has entered into definitive documents and received shareholder approval for a transaction that includes up to $50 million in new committed funding. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241223436920/en/Vertical Aeros
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW)), a global aerospace and technology company that is pioneering zero emission aviation, today announces its financial results for the third quarter ended September 30, 2024. The third quarter 2024 financial results filing can be found on the Company's investor relations website. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241220342039/en/The full scale VX4 prototype during piloted flight tests (Photo: Business Wire) Stuart Simpson, CEO at Vertical, said "This has been a momentous quarter for the business. We have shared our strategic plan to lead the mark
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW)), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold an extraordinary general meeting of the shareholders of the Company (the "EGM"), to be held at 10:30 a.m. GMT on December 23, 2024 at the offices of the Company: 4th Floor, United House, 9 Pembridge Road, London W11 3JY, United Kingdom. This follows the signing of a term sheet by and among the Company, its majority shareholder Stephen Fitzpatrick, and its primary creditor Mudrick Capital Management on 24 November 2024, outlining an agreement in principle to address the Company's more immediate cash requiremen
Vertical Aerospace secures agreement under which Mudrick Capital will commit up to $50 million in the next equity round, promoting financial stability. Transaction is expected to add approximately $180 million to Vertical's balance sheet, including through the conversion of approximately $130 million of debt into equity, significantly reducing Vertical's debt. The conversion price of the remaining convertible notes will be fixed. Founder, Stephen Fitzpatrick, retains a strategic role as a board director to guide the company through its Flightpath 2030 Strategy. Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company pioneering electric aviation, today
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H.C. Wainwright initiated coverage of Vertical Aerospace Group with a rating of Buy and set a new price target of $12.00
Deutsche Bank upgraded Vertical Aerospace Group from Hold to Buy and set a new price target of $1.50 from $1.00 previously
Canaccord Genuity initiated coverage of Vertical Aerospace Group with a rating of Hold and set a new price target of $2.00
Raymond James initiated coverage of Vertical Aerospace Group with a rating of Mkt Perform
Deutsche Bank initiated coverage of Vertical Aerospace Group with a rating of Hold and set a new price target of $9.00
Barclays initiated coverage of Vertical Aerospace with a rating of Underweight and set a new price target of $7.00
Mr. Slattery brings over three decades of aviation expertise including founding and scaling two of the leading global aviation finance firms: Avolon and SMBC Aviation Dómhnal rejoins Vertical's Board having previously led the business in building its industry leading order book and listing on the New York Stock Exchange Vertical announces Chair appointment as it continues to deliver against its Flightpath 2030 strategy to lead the eVTOL sector by the end of the decade Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering electric aviation, announces the appointment of Dómhnal Slattery as Chairman of its Board of Directors with imme
Vertical Issues Shareholder Letter Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first half of the year ended June 30, 2024. Vertical has also issued a shareholder letter in conjunction with the filing of its first half-year results, which is posted to its investor relations website at investor.vertical-aerospace.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917135638/en/The new VX4 prototype, which has completed Phase 1 of piloted flight tests. (Photo: Business Wire)
Stuart Simpson, Vertical Aerospace's CFO and seasoned FTSE100 executive, appointed to CEO as company moves to pivotal phase of certifying its VX4 aircraft and commercialisation. Founder and current CEO, Stephen Fitzpatrick, continues his role as Board member, focused on business strategy and delivering on the company's vision. Ben Story, who brings 30 years of fundraising, business strategy and leadership experience from roles at Rolls-Royce, Citi and Transport for London, appointed to Vertical's Board. Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, has made several l
Company Issues Shareholder Letter Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2023. The Company has also issued a shareholder letter in conjunction with the filing of its first half-year results, which is posted to its investor relations website at investor.vertical-aerospace.com. Stephen Fitzpatrick, Vertical Founder and CEO, said: "We have seen fantastic momentum at Vertical in the first half of 2023 across our testing, certification, and commercial efforts. We have conducted our first untethered flight
John brings thirty years' experience of senior executive roles in large, international companies, most recently as CEO of Ferguson plc (formerly Wolseley plc), the FTSE 100 distribution business John has served as CFO of Wolseley plc, Hays plc and Travelex Group, and is currently non-executive director of Ocado Group plc Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero-emissions aviation, today announces it has strengthened its executive leadership team with the appointment of John Martin as Chief Financial Officer (CFO). John joins Vertical after a successful thirty year career in senior operational and financial management r
David brings over thirty years' unparalleled experience in the aerospace engineering sector, having previously held senior roles at Leonardo and Bell At Vertical, David will be responsible for the technical development and overall performance of Vertical's electric aircraft, the VX4 Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero-emissions aviation, today announces it has further strengthened its executive leadership team with the appointment of David King as Chief Engineer. David joins in February 2023 and will be responsible for the technical development and overall performance of the Vertical's VX4 electric aircraft, super
Former EASA Certification Director joins Vertical to help lead regulatory engagement Concurrent EASA and CAA certification agreed CAA approves Vertical's Form 4 holders as part of DOA approval On track to receive DOA later this year Vertical believes this DOA will be of the widest scope an eVTOL manufacturer will have received to date Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero emissions aviation, today announces further progress on its path to certification, including the appointment of the former European Union Aviation Safety Agency's (EASA) Certification Director, Trevor Woods, as Director – Regulatory Affairs.
Slattery brings deep aviation and capital markets expertise to Vertical Aerospace Board Vertical Aerospace ("Vertical") (NYSE:EVTL), a global aerospace and technology company that is pioneering zero emissions aviation, announces the appointment of aviation industry veteran Dómhnal Slattery, as Non-Executive Chairman of Vertical's board of directors ("Vertical Board"). Dómhnal succeeds Stephen Fitzpatrick as Chairman, who has held the combined role of Chairman & CEO since Vertical listed on the New York Stock Exchange ("NYSE") in December 2021. Dómhnal Slattery Dómhnal has over 30 years' experience in the global aviation finance industry. He is currently the founding CEO of Avolon, the wor