Board Change • May 20
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Ben Story is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • May 20
Vertical Aerospace Begins Integration Testing for Hybrid-Electric Propulsion System and Produces First All-Electric Valo Battery Vertical Aerospace announced two key programme milestones: the start of integration testing for its next-generation hybrid-electric propulsion system, and the production of the first all-electric Valo battery from its upgraded assembly line. Vertical’s next-generation hybrid-electric propulsion system has begun testing on its dedicated Hybrid Propulsion Evaluation Rig (HYPER) at the Company’s Flight Test Centre at Cotswold Airport, marking a significant milestone after more than two years of development at the Vertical Energy Centre. The HYPER facility enables full system integration and validation of the hybrid powertrain, including the turbine, generator and associated electrical systems, alongside testing of control architecture, system response and fault scenarios ahead of ground and flight testing. The Company is working with several partners to integrate a sustainable aviation fuel (SAF)-compatible gas turbine with an electric generator, while leading development of system integration, control architecture and software. This turbogenerator will be integrated into a prototype hybrid-electric Valo aircraft for flight testing and demonstrations, while also supporting the development and validation of technologies for future hybrid variants of the aircraft. These hybrid-electric variants are expected to significantly expand range, payload and operational flexibility. Vertical is targeting certification of its hybrid-electric variant with the UK Civil Aviation Authority (CAA) and the European Union Aviation Safety Agency (EASA). Vertical has also reached a key milestone in its proprietary battery programme, with the first battery produced on its upgraded assembly line, launched in March 2026, at the Vertical Energy Centre. The 15,000 sq ft facility, already responsible for the battery systems used in piloted flight testing since 2024, has been enhanced with automated, aerospace-grade manufacturing processes designed to improve efficiency, consistency and performance, while supporting certification and future production. The battery prototypes will go into rigorous environmental and operational testing. Battery packs produced on the assembly line will be used to support Vertical’s certification aircraft as it progresses through the final stages of certification with the UK CAA and EASA, as well as providing initial production capacity ahead of entry into service. Key targeted capabilities of Vertical’s hybrid-electric variant: Range: Up to 1,000 miles, a 10-fold increase from its all-electric aircraft. Payload: Configurable to carry up to 1,100 kilograms in Valo’s class-leading airframe capacity. Stealth advantages: Low noise and heat signatures make the hybrid variant well-suited for sensitive missions. Crewed and uncrewed capabilities: Hybrid-electric technology capable of being deployed autonomously, remotely, or with a pilot. Uncrewed capabilities can be seamlessly integrated into the existing Flight Control System being developed by Honeywell. Mission resilience: Built off the Valo’s industry-leading redundancy and damage tolerance, boosting confidence for mission-critical operations. 공시 • Apr 28
Vertical Aerospace Ltd. to Report Q1, 2026 Results on May 06, 2026 Vertical Aerospace Ltd. announced that they will report Q1, 2026 results on May 06, 2026 공시 • Apr 20
Vertical Aerospace Ltd. has filed a Follow-on Equity Offering in the amount of $2 million. Vertical Aerospace Ltd. has filed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Ordinary Shares
Security Type: Common Stock 공시 • Apr 17
Vertical Aerospace Achieves Two-Way Piloted Transition Flight for Valo Evtol Aircraft Vertical Aerospace has successfully completed a historic two-way piloted transition flight. On 14 April 2026, Vertical became the second company globally to complete a two-way piloted transition flight in a full-scale tiltrotor eVTOL and the first to do so under civil aviation Design Organisation Approval regulatory oversight. Chief Test Pilot Simon Davies completed the flight – transitioning from vertical take-off to wingborne cruise and back to vertical landing - all in one continuous flight. This builds on Vertical’s thrustborne transition on 2 April 2026 and marks the completion of two-way transition, the defining capability of eVTOL aviation. Put simply, this is what makes electric air taxis possible. Transition flight validates the technology which will enable Valo, Vertical’s commercial aircraft, to take off vertically from a city-centre vertiport or rooftop with passengers, fly efficiently at speed like an airplane, and land vertically at its destination – comfortably, quietly and without a runway. This unlocks planned real-world routes such as Canary Wharf to Heathrow or JFK to Manhattan, making them operationally and commercially viable. As with all Vertical flight tests since 2023, this milestone was achieved under the direct oversight of the UK Civil Aviation Authority (CAA), who are working in close collaboration with the European Union Aviation Safety Agency (EASA) toward Type Certification of Valo. Testing is conducted under Vertical’s Design Organisation Approval, a pre-requisite for entry into service. With all phases of flight now proven - vertical take-off, wingborne flight and transition between the two - Vertical is moving into the next stage of certification testing. This will include critical design review, when the aircraft design is locked, followed by the build of seven pre-production Valo aircraft in the UK for compliance and verification testing with the CAA and EASA. Vertical is targeting certification of Valo in 2028 to the highest safety standards in the category, with entry into service expected shortly thereafter. The certification approach is designed to be transferable to other regulators, including the US Federal Aviation Administration (FAA), Brazil’s National Civil Aviation Agency (ANAC) and the Japan Civil Aviation Bureau (JCAB), supporting global deployment with airline and operating partners including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Vertical will continue its focus on executing key strategic milestones over the next twelve months and beyond. These include public flight demonstrations, including at Farnborough International Airshow in July, progression of the hybrid-electric demonstrator, expansion of the Vertical Energy Center, advancement of the manufacturing facility, and production of the first full-scale Valo certification aircraft. Vertical’s piloted flight test programme explainer: Phase 1: Tethered – stabilised hover while tethered (Completed September 2024), Phase 2: Thrustborne – vertical take-off, landing and low-speed manoeuvres (Completed February 2025), Phase 3: Wingborne – conventional take-off, flight and landing (Completed September 2025), Phase 4: Transition – transitioning between thrustborne and wingborne flight, Thrustborne transition (vertical take-off to wingborne flight): Completed April 2026, Two-way transition (including return to vertical landing): Completed April 2026. 공시 • Mar 31
Vertical Aerospace Ltd. announced that it expects to receive $775 million in funding from Mudrick Capital Management, L.P., Yorkville Advisors Global LP Vertical Aerospace Ltd. announced that it has entered into an agreement in principle pursuant to a non-binding term sheet in respect of a comprehensive financing of senior secured convertible notes in the principal amount of $50,000,000 to Mudrick Capital Management, L.P., Series A Convertible Preferred Shares of up to $250,000,000 at a discount of 4% for gross proceeds of $$240,000,000 to Yorkville Advisors Global, LP and equity line of credit of ordinary shares for $485,000,000 at a discount of 3% for gross proceeds of $500,000,000 to Yorkville Advisors Global, LP for total aggregate gross proceeds of $775,000,000 on March 30, 2026. The senior secured convertible note will be issued in increments of up to $5,000,000 each month, at the Company’s option, over the next twelve months, preferred shares will be issued in increments of up to $25,000,000 tranches at 96% of face value no less than 60 days apart, for a two-year term, subject to existing consent rights and equity line of credit over a three year term at a purchase price equal to 97% of the same day volume weighted average price. The convertible notes bear 10% cash or 12% PIK interest, with a maturity date of December 2030 and is convertible into ordinary shares. The preferred shares will carry voting rights on an as converted basis (subject to a 4.99% benefical ownership limitation) and rank senior to common shares upon liquidation, but junior to the existing and additional senior secured convertible notes under the Indenture. The preferred shares are convertible by Yorkville, at any time, into the Company’s ordinary shares at a share price determined at individual tranche issuance and conversion dates. The preferred shares are to carry a 0% dividend. The Company shall be granted redemption rights in respect of the preferred shares, subject to certain conditions. The preferred shares will not be entitled to any dividend payments at the time of issuance. Upon the occurrence and continuation of any trigger event, the preferred shares will accrue PIK at an annualized rate of 18%. 
