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Vertical, Mudrick Capital
Air taxi firm Vertical says Mudrick to convert some notes to equity, extend repayment deadline
By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028,
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
The rescue deal comes at a crucial moment for Vertical, which has been burning through cash to bring its VX4 aircraft to market.
Air Taxi Maker Vertical Secures Bailout From Mudrick Capital
Flying taxi startup Vertical Aerospace Ltd. said it had secured as much as $50 million in new funding from Mudrick Capital Management, giving it financial breathing room to test and certify its first model.
Air-Taxi Maker Vertical Signs Tentative Funding Deal With Investor, Extends Cash Runway
(Reuters) -UK-based Vertical Aerospace and Mudrick Capital have signed a non-binding term sheet under which the investor will convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, the air-taxi maker said.
Monitordaily
11h
Vertical Aerospace Secures $50MM in New Funding as Part of $180MM Transaction
Vertical Aerospace, a global aerospace and technology company, signed a term sheet among the company, its majority ...
Flightglobal
1d
Vertical chief eyes future investment after ‘tough but friendly’ talks unlock balance sheet
Stuart Simpson, chief executive of Vertical Aerospace, says the firm is now well-placed to raise further investment following ...
1d
AI in vertical farming could transform global agriculture | The Excerpt
By incorporating AI, robotics and vertically stacked crops in controlled environmental conditions, this farming model may ...
1d
Vertical construction begins at Double Branch, the massive Pasco mixed-use development
Columnar is developing the nearly 1,000-acre Double Branch mixed-use project, expected to include 1 million square feet of ...
Flightglobal
2d
Vertical Aerospace provisionally secures new funding with debt conversion and capital injection
Vertical Aerospace has unveiled a new provisional funding agreement involving a $130 million debt-to-equity swap and the ...
4d
Say Goodbye to SaaS : How Vertical AI Agents are Taking Over the Business World
Learn how vertical AI agents are reshaping the business landscape, providing innovative solutions and driving efficiency ...
2d
on MSN
Air taxi firm Vertical says Mudrick to covert some notes to equity, extend repayment deadline
UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert 50% of its outstanding ...
1d
Vertical agreement with Mudrick removes convert overhang, says Raymond James
Vertical Aerospace’s (EVTL) agreement with Mudrick removes Vertical’s convert overhang, improves governance, and paves the way for up to $50M ...
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