Vertical Aerospace Launches Proposed $60 Million Underwritten Public Offering to Advance Electric Aviation Vision
Vertical Aerospace Ltd., a global pioneer in electric aviation and next-generation aerospace technologies, has officially announced the launch of a proposed underwritten public offering totaling $60 million in ordinary shares. This strategic capital raise aims to accelerate the company’s ambitious efforts to reshape air mobility through sustainable electric flight solutions.
As part of the offering, Vertical has also extended a 30-day option to its underwriters, permitting the purchase of up to an additional $9 million in ordinary shares, potentially raising the total gross proceeds to $69 million. This underwritten public offering is subject to prevailing market conditions and other factors, and there is no guarantee as to the timing, completion, or final terms of the offering.
Leading Underwriters to Oversee the Offering
The offering is being jointly managed by Deutsche Bank Securities Inc. and William Blair & Company, L.L.C., two prominent investment banking institutions serving as joint bookrunners. Their combined financial and advisory experience is expected to support a successful execution of this offering, positioning Vertical Aerospace for enhanced investor visibility and capital deployment efficiency.
Strategic Use of Capital: R&D, Certification, and Growth
According to the company’s statement, the net proceeds from this capital raise are slated to be directed toward a series of strategic initiatives. Most notably, a substantial portion will fund ongoing research and development (R&D) activities as Vertical continues to refine and scale the design of its flagship electric aircraft. The company is deeply engaged in an intensive engineering cycle, and the funds will be instrumental in powering technological advancements across multiple subsystems including battery technology, flight control systems, propulsion integration, and structural materials.
Moreover, Vertical plans to use the capital to expand its aircraft testing infrastructure and certification processes, both of which are critical in the journey toward commercialization. As the company inches closer to regulatory approval from global aviation authorities such as the U.S. Federal Aviation Administration (FAA) and the UK Civil Aviation Authority (CAA), it will require increased investments in testing facilities, pilot programs, and safety validation protocols. Additional funds will also be allocated for general corporate purposes, including working capital to support ongoing operations and future scalability.
Trading and Regulatory Framework
Vertical Aerospace’s ordinary shares are listed on the New York Stock Exchange (NYSE) under the ticker symbol “EVTL”, reflecting its commitment to transparency, growth, and investor engagement in the U.S. capital markets. The offering will be conducted pursuant to the company’s existing shelf registration statement on Form F-3 (File No. 333-287207), originally filed with the U.S. Securities and Exchange Commission (SEC) on May 13, 2025, and subsequently declared effective on May 16, 2025.
Investors and stakeholders can obtain full details of the proposed offering through the preliminary prospectus supplement and accompanying base prospectus, which will be made available via the SEC’s official website at www.sec.gov once filed. These documents will provide comprehensive disclosures, including the total number of shares to be issued, expected pricing, dilution risks, company financials, and management commentary.
How to Access the Prospectus
Interested parties can request copies of the preliminary prospectus supplement and accompanying base prospectus by reaching out to either of the offering’s bookrunners:
- Deutsche Bank Securities Inc.
Attention: Prospectus Department
1 Columbus Circle, New York, NY 10019
Telephone: (800) 503-4611
Email: Prospectus.Ops@db.com - William Blair & Company, L.L.C.
Attention: Prospectus Department
150 North Riverside Plaza, Chicago, IL 60606
Telephone: (800) 621-0687
Email: prospectus@williamblair.com
Legal Disclaimers and Forward-Looking Considerations
In line with regulatory standards, Vertical Aerospace emphasizes that the securities described in this announcement may not be sold nor may offers to buy be accepted prior to registration or qualification under applicable state securities laws. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction where such activities would be considered unlawful.
The final terms of the public offering, including pricing per share, number of shares, and underwriter compensation, will be disclosed in a final prospectus supplement that will be filed with the SEC after the offering terms are finalized.
About Vertical Aerospace
Founded in 2016 and headquartered in Bristol, UK, Vertical Aerospace is a pioneering aerospace and technology company that is designing and manufacturing electric vertical take-off and landing (eVTOL) aircraft. Its mission is to make air travel more sustainable, affordable, and accessible by replacing conventional short-haul flights and ground-based transportation with emission-free electric flight.
The Vertical Aerospace company’s flagship aircraft, VX4, is a piloted, four-passenger eVTOL designed to meet rigorous safety and regulatory standards while offering quiet, high-performance flight capabilities. The VX4 is currently in advanced development stages and has already secured thousands of conditional pre-orders from global partners, including major airlines, leasing companies, and helicopter operators.
Recent Milestones and Industry Position
Vertical Aerospace has attracted significant attention for its rapid progress in the advanced air mobility (AAM) sector. With partnerships and collaborations across the aerospace supply chain — including Rolls-Royce, Honeywell, GKN Aerospace, and Microsoft — Vertical is uniquely positioned to bring next-generation aircraft to market faster and more efficiently than traditional manufacturers.
The company has also been actively engaged with both UK and U.S. aviation regulators to ensure the VX4 meets the highest global standards for commercial eVTOL certification. With a robust backlog of pre-orders and an expanding industrial and regulatory footprint, Vertical is regarded as a frontrunner in the race to launch certified electric air taxis and redefine urban and regional air travel.
This proposed underwritten public offering signals strong momentum and investor confidence in Vertical Aerospace’s long-term strategy and technological roadmap. By raising new capital through the public markets, the company aims to deepen its engineering capabilities, navigate the complex certification process, and scale production over the coming years.
While the offering is inherently subject to market fluctuations and regulatory outcomes, its successful execution could mark a significant inflection point in the company’s trajectory — transitioning from prototype development to commercialization and revenue generation.
As Vertical continues to build a more sustainable aviation future, this capital infusion stands as a testament to both investor faith and the urgent global demand for clean, efficient air mobility solutions.
This announcement contains forward-looking statements, including but not limited to, statements regarding the completion, size, and use of proceeds of the proposed offering, as well as the future development and commercialization of Vertical Aerospace’s aircraft. These statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Readers are advised to review the risk factors detailed in the company’s SEC filings for a more comprehensive understanding.
