Vertical Aerospace (EVTL) has released an update.
Vertical Aerospace Ltd. has announced amendments to its indenture, aiming to set a fixed conversion rate and interest terms for its convertible notes, while extending the maturity date to 2028. This strategic move includes a partial conversion of notes by Mudrick Capital, reflecting a conversion price of $2.75 per share, potentially increasing the company’s ordinary shares significantly. These changes are anticipated to enhance financial stability and investor confidence in Vertical Aerospace’s market performance.
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