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Vertical Aerospace ( (EVTL) ) has shared an announcement.
On January 23, 2025, Vertical Aerospace announced the pricing of its upsized underwritten public offering, raising $90 million. This offering, consisting of units priced at $6.00 each, aims to fund the development of its VX4 aircraft and expand testing and certification capabilities. The move is expected to bolster Vertical Aerospace’s position in the electric aviation industry, enhancing its operational capabilities and supporting its strategic growth initiatives. The offering also indicates strong market interest and confidence in Vertical’s innovative eVTOL technology.
More about Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. It focuses on creating safer, cleaner, and quieter travel options. The company is developing the VX4, a piloted, four-passenger Electric Vertical Take-Off and Landing (eVTOL) aircraft with zero operating emissions. Vertical Aerospace collaborates with leading aerospace companies and develops proprietary technologies to advance eVTOL aircraft.
YTD Price Performance: -13.37%
Average Trading Volume: 215,861
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $657.9M
See more insights into EVTL stock on TipRanks’ Stock Analysis page.
