Vertical Aerospace Ltd. entered into a legally binding term sheet agreement and an investment agreement for equity investment with CEO, Stephen Fitzpatrick for $50 million on January 22, 2024. The company will receive $25 million in first tranche which includes a mixture of ordinary shares at $10 per share and warrants with a $5 exercise price expected to close in March 2024 and second tranche of $25 million by 31 July 2024 for ordinary shares at a price per share to be determined. The transaction is subject to approval of extraordinary general meeting of the shareholders of the company to be held on March 13, 2024.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.715 USD | -0.15% | -1.79% | +3.92% |
May. 01 | Vertical Aerospace Ltd. Announces CEO Changes | CI |
May. 01 | Vertical Aerospace Ltd Appoints Ben Story to its Board and as a Member of the Audit Committee | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+3.92% | 158M | |
+26.90% | 142B | |
+13.35% | 80.16B | |
-8.76% | 63.61B | |
+25.03% | 52.97B | |
+56.62% | 49.48B | |
+3.96% | 41.77B | |
+74.36% | 38.84B | |
+57.82% | 25.01B | |
+14.52% | 21.66B |
- Stock Market
- Equities
- EVTL Stock
- News Vertical Aerospace Ltd.
- Vertical Aerospace Ltd. announced that it expects to receive $50 million in funding