Vertical Aerospace, a global aerospace and technology company, entered into definitive documents and received shareholder approval for a transaction that includes up to $50 million in new committed funding.
“Ending this momentous year with a finalized funding commitment and strong shareholder backing is a tremendous milestone,” Stuart Simpson, CEO at Vertical, said. “This moment sets us up perfectly for our biggest year yet, with new investment, piloted testing progress and major technological developments all on the cards.”
“Vertical is revolutionizing how the world moves, and we are proud to play a pivotal role in positioning the company for success,” Jason Mudrick, founder and chief investment officer at Mudrick Capital Management, said. “We look forward to continuing to partner with Vertical’s exceptional team and contributing capital market and other expertise in helping to bring their groundbreaking product offering to reality.”
