Vertical Aerospace (EVTL) has released an update.
Vertical Aerospace Ltd., a United Kingdom-based company, is facing uncertainty regarding a $25 million investment tranche after the investor failed to provide the promised funds by the due date. The initial $25 million had been received as part of an investment agreement with the company’s founder, but the subsequent payment remains outstanding. The company’s special committee is actively exploring options and discussing potential resolutions with the investor.
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