Vertical Aerospace announces closing of $60M underwritten public offering

Vertical Aerospace, a global aerospace and technology company that is pioneering electric aviation, today announces the closing of its previously announced underwritten public offering for total gross proceeds of $60 million, before deducting underwriting discounts and commissions and other offering expenses.

In the Offering, Vertical sold 12,000,000 ordinary shares at $5.00 per ordinary share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 ordinary shares at the public offering price, which has not yet been exercised.

Vertical intends to use the net proceeds from the Offering to fund its research and development expenses as Vertical continues to develop its aircraft and its expenditures in the expansion of its testing and certification capacities, as well as for general working capital and other general corporate purposes.

Specifically, the net proceeds from this offering extends the Company’s cash runway towards the middle of 2026.

Deutsche Bank Securities and William Blair acted as joint bookrunners for the Offering and D. Boral Capital acted as co-manager.

The Offering was made only by means of a prospectus supplement to the Company’s registration statement on Form F-3 (File No. 333-287207) previously filed with the U.S. Securities and Exchange Commission (the SEC) on May 13, 2025 and declared effective by the SEC on May 16, 2025. Copies of the prospectus supplement and accompanying prospectus relating to the Offering may be obtained from the SEC’s website, or by contacting: Deutsche Bank Securities Inc., or William Blair & Company, L.L.C..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.