BRIEF-​Vertical Aerospace​ Secures Up To $50 Mln Funding Commitment From Mudrick Capital

Reuters
25 Nov 2024
BRIEF-​<a href="https://laohu8.com/S/EVTL">Vertical Aerospace</a>​ Secures Up To $50 Mln Funding Commitment From Mudrick Capital

Nov 25 (Reuters) - VERTICAL AEROSPACE​ M00.F : ​

  • VERTICAL AEROSPACE​ SECURES UP TO $50 MILLION FUNDING COMMITMENT FROM MUDRICK CAPITAL

  • ​VERTICAL AEROSPACE​: FIXES CONVERSION PRICE FOR REMAINING OUTSTANDING CONVERTIBLE NOTES AT $3.50/SHARE

  • ​VERTICAL AEROSPACE​: TRANSACTION EXPECTED TO ADD ABOUT $180 MILLION TO BALANCE SHEET

  • ​VERTICAL AEROSPACE​: REMAINING LOAN REPAYMENT DATE EXTENDED TO DEC. 2028

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((Reuters.Briefs@thomsonreuters.com))

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