IPO - Vertical Aerospace Ltd.

Form Type: 424B5

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000110465925005662

Filing Summary: Vertical Aerospace Ltd. is offering units for a total value of $90,000,000 as part of its initial public offering (IPO). Each unit consists of one ordinary share and two types of warrants, Tranche A and Tranche B, to purchase additional ordinary shares. The Tranche A warrants have an exercise price of $6.00 and the Tranche B warrants have an exercise price of $7.50, both of which are immediately exercisable. The offering includes 15,000,000 units, with the possibility of 7,500,000 ordinary shares available through each tranche. The units, Tranche A warrants, and Tranche B warrants will be issued separately upon exercise, with no established trading market for these units or warrants, and they will not be listed on any exchange. Mudrick Capital Management has committed to participate in this offering, purchasing $25 million worth of units. The last reported trading price of the ordinary shares prior to this filing was $9.28 per share. The document also outlines various risk factors related to the investment, indicating that potential investors should consider uncertainties including operational capabilities, market growth, and financing needs. Additionally, the underwriters expect to deliver the units to purchasers following the offering at a specified future date.

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Form Type: F-3MEF

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000110465925005386

Filing Summary: Vertical Aerospace Ltd. filed a registration statement under Form F-3 with the SEC on January 23, 2025, to provide additional securities for a public offering. The new registration statement is for an aggregate offering price of $11,250,000, which represents no more than 20% of the unsold securities from their prior registration statement (File No. 333-275430). The prior registration was declared effective on November 16, 2023. The document confirms Vertical Aerospace as an emerging growth company under Rule 405 and that this offering can be made on a delayed or continuous basis. Details for legal opinions and consents required are listed in the exhibits, contributing to the robust completeness of the filing.

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