Vertical Aerospace Announces Execution and Closing of Comprehensive Financing Package of up to $850 Million

Ver­ti­cal Aero­space has exe­cut­ed and closed the remain­ing com­po­nents of its pre­vi­ous­ly announced com­pre­hen­sive financ­ing pack­age total­ing up to $850 mil­lion.

The com­pre­hen­sive financ­ing pack­age was orig­i­nal­ly announced on March 30th as an $800 mil­lion agree­ment in prin­ci­ple along­side a com­plet­ed $50 mil­lion equi­ty cap­i­tal raise.

It 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 $160 mil­lion of work­ing cap­i­tal in the near term. In con­nec­tion with the clos­ing of the facil­i­ties, the Com­pa­ny has ini­tial­ly drawn down an aggre­gate of $30 mil­lion under the facil­i­ties. 

Stu­art Simp­son, Chief Exec­u­tive Offi­cer of Ver­ti­cal Aero­space, said: “The close of this com­pre­hen­sive financ­ing pack­age allows us to build on our strong oper­a­tional momen­tum, most recent­ly demon­strat­ed with the suc­cess­ful achieve­ment of full-scale pilot­ed two-way tran­si­tion flight, a his­toric tech­ni­cal mile­stone that val­i­dates our prod­uct design and rep­re­sents a major de-risk moment for Ver­ti­cal. With this fund­ing in place, Ver­ti­cal is well posi­tioned to con­tin­ue exe­cut­ing against our roadmap to 2028 cer­ti­fi­ca­tion.”

As pre­vi­ous­ly announced, the com­pre­hen­sive financ­ing pack­age com­pris­es three com­po­nents:

(i)  the matu­ri­ty exten­sion of exist­ing con­vert­ible secured notes from Mudrick Cap­i­tal and up to $50 mil­lion of new addi­tion­al notes sub­ject to cer­tain con­di­tions, issuable in tranch­es over 12 months, and on the same terms as the exist­ing notes

(ii) up to $250 mil­lion of Series A Con­vert­ible Pre­ferred Equi­ty facil­i­ty pro­vid­ed  by Yorkville Advi­sors Glob­al, issuable at the Company’s option in tranch­es over a term of 24 months, sub­ject to cer­tain con­di­tions

(iii) an equi­ty line of cred­it of up to $500 mil­lion over a term of 36 months pro­vid­ed by Yorkville, with the abil­i­ty for the Com­pa­ny to draw on it from time to time sub­ject to cus­tom­ary con­di­tions

Mark Ange­lo, Founder and Pres­i­dent of Yorkville Advi­sors Glob­al, LP, said: “We are pleased to sup­port Ver­ti­cal Aero­space as it advances toward cer­ti­fi­ca­tion and com­mer­cial­iza­tion. The Com­pa­ny has demon­strat­ed strong exe­cu­tion against all val­u­a­tion met­rics, and we are con­fi­dent in Vertical’s well-defined strat­e­gy and long-term val­ue poten­tial.

“Our fund­ing com­mit­ment reflects our con­vic­tion in Vertical’s abil­i­ty to deliv­er on the next phas­es of its devel­op­ment.”

The com­pre­hen­sive financ­ing pack­age pro­vides Ver­ti­cal with access to cap­i­tal to sup­port achieve­ment of its strate­gic mile­stones through to cer­ti­fi­ca­tion, tar­get­ed in 2028.

Beyond the suc­cess­ful­ly com­plet­ed pilot­ed tran­si­tion flight announced on April 16, 2026, these include achiev­ing Crit­i­cal Design Review for Valo; pub­lic flight demon­stra­tions of the cur­rent pro­to­type; pro­gress­ing its hybrid-elec­tric demon­stra­tor; expand­ing the Ver­ti­cal Ener­gy Cen­ter; advanc­ing con­struc­tion of its air­craft man­u­fac­tur­ing facil­i­ty; and begin­ning pro­duc­tion of the first full-scale Valo cer­ti­fi­ca­tion air­craft.