Vertical Aerospace (EVTL) has executed and closed the remaining components of its previously announced comprehensive financing package totaling up to $850M. The comprehensive financing package, originally announced on March 30, 2026 as an $800M agreement in principle alongside a completed $50M equity capital raise, positions Vertical to deliver on the technical and operational milestones on its strategic road map, while also maintaining flexibility to access other capital sources outside of the package in the future. With the closing of the package, a suite of capital facilities is now available to Vertical, which will now have approximately $160M of working capital in the near term. In connection with the closing of the facilities, the Company has initially drawn down an aggregate of $30M under the facilities.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVTL:
- Vertical Aerospace Reshapes Capital Structure With New Notes and $250 Million Preferred Equity Deal
- Vertical Aerospace price target raised to $10.50 from $9.50 at Canaccord
- Vertical Aerospace (EVTL) Achieves Breakthrough Air Taxi Flight, but Stock Slides 10%
- AI Models Highlight Funding Risks and Speculative Profile at Vertical Aerospace (EVTL)
- Vertical Aerospace Completes Pivotal Two-Way Piloted Transition Flight Under CAA Oversight
