Vertical Aerospace Announces “Closing of USD60 Million Underwritten Public Offering” - eVTOL Insights

Vertical Aerospace secures $60m in public offering to advance electric aviation

Vertical Aerospace has raised $60m in gross proceeds before deducting underwriting fees and costs in an underwritten public offering.The post Vertical Aerospace secures $60m in public offering to advance electric aviation appeared first on Airport Technology.

Vertical Aerospace Announces “Closing of USD60 Million Underwritten Public Offering” - eVTOL Insights

UK-based Vertical Aerospace recently announced the closing of its previously announced underwritten public offering for total gross proceeds of USD60 million, before deducting underwriting discounts, commissions and other offering expenses, reports a press release. Vertical has sold 12 million ordinary shares at USD5 each, as well as granting the underwriters a 30-day option to purchase up to an additional 1.8m at the public offering price. This…