financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Vertical Aerospace Closes $60 Million Public Offering of Ordinary Shares
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Vertical Aerospace Closes $60 Million Public Offering of Ordinary Shares
Jul 11, 2025 9:36 AM

12:25 PM EDT, 07/11/2025 (MT Newswires) -- Vertical Aerospace ( EVTWF ) said Friday it closed its underwritten public offering of 12 million ordinary shares at $5 each for total gross proceeds of $60 million.

The company said the underwriters' 30-day option to buy up to 1.8 million more shares has not yet been exercised.

Vertical Aerospace ( EVTWF ) said it plans to use the net proceeds for research and development, as well as for general working capital and other general corporate purposes.

The company said the net proceeds specifically extend its cash runway towards the middle of next year.

Shares of Vertical Aerospace ( EVTWF ) were down 1.4% in recent trading.

Price: 4.91, Change: -0.09, Percent Change: -1.70

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Allcargo Logistics reports best quarterly performance; logs a nearly five-fold rise in profit
Allcargo Logistics reports best quarterly performance; logs a nearly five-fold rise in profit
May 27, 2022
According to Allcargo Logistics' chairman Shashi Kiran Shetty, the record performance is a result of sustained strategic initiatives over the last few years. Further, the recently announced demerger will provide strategic independence and financial flexibility to businesses boosting growth in the long term, Shetty added.
 Adani Enterprises to acquire 50% stake in Bengaluru-based General Aeronautics
Adani Enterprises to acquire 50% stake in Bengaluru-based General Aeronautics
May 27, 2022
"We would like to inform you that Adani Defence Systems and Technologies Limited - a wholly-owned subsidiary of Adani Enterprises Limited has signed definitive agreement to acquire 50% stake in General Aeronautics Private Limited on May 27, 2022," Adani Enterprises said in a BSE filing.
 Prepare for sticker shock if you are travelling this summer
Prepare for sticker shock if you are travelling this summer
May 27, 2022
Many forecasters believe the number of travelers will match or even exceed levels in the good-old, pre-pandemic days. However, airlines have thousands fewer employees than they did in 2019, and that has at times contributed to widespread flight cancellations. People who are only now booking travel for the summer are experiencing the sticker shock.
 SC sets aside HC order staying SFIO probe into 9 companies related to Sahara Group
SC sets aside HC order staying SFIO probe into 9 companies related to Sahara Group
May 26, 2022
Observing that it is a very extraordinary order to stay an investigation, a vacation bench of Justices D Y Chandrachud and Bela M Trivedi allowed the appeals filed by the SFIO against the high court order. For the above reasons, we are of the view that the high court was not justified in staying the investigation., the bench said while setting aside the high court order.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved