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Vertical Aerospace ( (EVTL) ) just unveiled an update.
On January 22, 2025, Vertical Aerospace announced the launch of a $75 million underwritten public offering of units comprising ordinary shares and warrants. The proceeds from this offering are intended to fund research and development, expansion of testing and certification capacities, and general corporate purposes. This move is expected to enhance Vertical’s position in the electric aviation sector, supporting the development of its VX4 eVTOL aircraft and potentially impacting stakeholders by advancing its technology and market readiness.
More about Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. The company is focused on creating a safer, cleaner, and quieter way to travel, with its flagship product being the VX4, a piloted, four-passenger Electric Vertical Take-Off and Landing (eVTOL) aircraft. Vertical Aerospace collaborates with leading aerospace companies and develops its own proprietary technology to advance the eVTOL industry.
YTD Price Performance: -13.37%
Average Trading Volume: 215,861
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $657.9M
See more insights into EVTL stock on TipRanks’ Stock Analysis page.
