12:24 PM EST, 01/24/2025 (MT Newswires) -- Vertical Aerospace ( EVTWF ) said Friday it closed its public offering of 15 million units at $6 apiece for gross proceeds of $90 million.

The amount raised was up from an initial launch target of $75 million, the company said. The proceeds included over $60 million from new investors and $25 million from Mudrick Capital.

Shares of the company were up more than 9% in recent trading.

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