Air Taxi Maker Vertical Secures Bailout From Mudrick Capital
Flying taxi startup Vertical Aerospace Ltd. said it had secured as much as $50 million in new funding from Mudrick Capital ...
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Vertical Aerospace provisionally secures new funding with debt conversion and capital injection
Vertical Aerospace has unveiled a new provisional funding agreement involving a $130 debt-to-equity swap and the provision of ...
Air Taxi Firm Vertical Says Mudrick to Convert Some Notes to Equity, Extend Repayment Deadline
(Reuters) - UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert 50% of its ...
Air-taxi maker Vertical signs tentative funding deal with investor, extends cash runway
UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert 50% of its outstanding ...
Vertical Aerospace Soars: $50 Million Funding Boost And Debt Conversion Propel eVTOL Maker Forward
Vertical Aerospace Ltd. (NYSE:EVTL) shares are trading higher premarket on Monday. The company disclosed a signed term sheet ...
Energy tycoon cedes control of flying taxis start-up as part of £40m rescue deal
Bristol-based Vertical Aerospace has secured an emergency cash injection from US investor Mudrick Capital that will allow it ...
UK air taxi company Vertical Aerospace wins $50mn lifeline from creditor
Vertical has been testing its VX4 vehicle, which will have a range of up to 100 miles, a cruise speed of 150mph and capacity for four passengers. Simpson said the company was committed to bringing its ...
Vertical Aerospace announces $50M in new funding
Vertical Aerospace (EVTL) announced the signing of a term sheet among the company, its majority shareholder Stephen Fitzpatrick, and its ...
Vertical Aerospace Announces Indenture Amendments and Conversion Plan
Vertical Aerospace (EVTL) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now ...
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Vertical Aerospace Set For $50 Million in Funding and Debt Relief
Pressure on Vertical's balance sheet will be eased by a new funding round as it strives to complete type certification of its ...
Lilium's fall throws spotlight on air-taxi cash crunch
The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when ...