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Vertical Aerospace ltd   (EVTL)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 
Price: $0.6230 $-0.01 -1.268%
Day's High: $0.6613 Week Perf: -9.05 %
Day's Low: $ 0.62 30 Day Perf: -10.44 %
Volume (M): 156 52 Wk High: $ 2.35
Volume (M$): $ 97 52 Wk Avg: $1.29
Open: $0.66 52 Wk Low: $0.51



 Market Capitalization (Millions $) 77
 Shares Outstanding (Millions) 124
 Employees -
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) -245
 Cash Flow (TTM) (Millions $) 213
 Capital Exp. (TTM) (Millions $) 1

Vertical Aerospace Ltd
Vertical Aerospace Ltd is a British company that specializes in the development and manufacturing of electric vertical takeoff and landing (eVTOL) aircraft. Their aim is to provide sustainable and efficient solutions for urban air mobility. The company has already built and flown multiple prototypes of its eVTOL aircraft, which are designed to be piloted remotely. They are currently focused on advancing the technology and safety systems of their aircraft to revolutionize the way people travel in urban areas.


   Company Address: Unit 1 Camwal Court, Chapel Street Bristol 0
   Company Phone Number: 117 457 2094   Stock Exchange / Ticker: NYSE EVTL
   EVTL is expected to report next financial results on March 21, 2024.


   

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Vertical Aerospace Ltd

Headline: Vertical Aerospace Secures $50 Million Investment to Revolutionize Aviation Industry



Vertical Aerospace, a leading global aerospace and technology company, has recently disclosed its financial results for the October to December 31, 2023 fiscal period. Despite reporting a net loss of $-245.224 million and limited revenue of $0.132 million, there are signs of optimism for the company as its CEO, Stephen Fitzpatrick, makes a significant investment commitment of up to $50 million. This bullish move indicates Vertical Aerospace's determination to revolutionize the aviation industry and push forward with its zero emission aviation goals.
CEO's Investment Agreement:
Vertical Aerospace's founder, majority shareholder, and Chief Executive Officer, Stephen Fitzpatrick, has demonstrated unwavering faith in the company's potential. He has committed to funding Vertical Aerospace up to $50 million through an equity investment. This investment agreement, solidifying his commitment to sustainable air travel solutions, marks a significant milestone for the company. With this funding injection, Vertical Aerospace can expedite the development of groundbreaking technologies and fuel its growth trajectory.

Contract

Vertical Aerospace Secures $50 Million Investment from CEO Stephen Fitzpatrick to Propel Zero Emissions Aviation Innovation

Published Thu, Feb 22 2024 10:43 PM UTC

Vertical Aerospace Secures $50 Million Investment Agreement with CEO Stephen FitzpatrickLondon, Date - Vertical Aerospace, a global aerospace and technology company at the forefront of zero emissions aviation, has recently announced a significant development in the form of an investment agreement with its founder, majority shareholder, and Chief Executive Officer, Stephen Fi...

Financing Agreement

Vertical Wins New UK Government Backing to Transform the Future of Flight

Published Tue, Feb 20 2024 7:00 AM UTC

Vertical Aerospace Secures ?8 Million Grant Funding from UK Government for Next-Generation Propellers Development
London & New York - Vertical Aerospace (Vertical), a renowned global aerospace and technology company at the forefront of zero emissions aviation, proudly announces that it has been awarded ?8 million ($10 million) in grant funding by the UK Government. This ...

Financing Agreement

Vertical Aerospace Founder Reinforces Commitment with $50M Investment, Ensuring Future Growth and Sustainability

Published Mon, Jan 22 2024 9:45 AM UTC

Vertical Aerospace Secures $50 Million Investment from Founder, Extends Cash Runway
Global aerospace and technology company, Vertical Aerospace, has announced today that it has received a significant investment of $50 million from its founder, majority owner, and CEO, Stephen Fitzpatrick. The funding will not only support the company's planned further funding rounds but ...

Business Update

Vertical Aerospace's Non-Compliance Notice Rocks Aviation Industry: Can They Regain Their Former Heights?

Published Fri, Dec 1 2023 9:30 PM UTC


Vertical Aerospace (Vertical), a renowned global aerospace and technology company leading the way in zero emissions aviation, has recently received a notification from the New York Stock Exchange (NYSE) on November 28, 2023. According to the notice, Vertical is currently not in compliance with the NYSE's continued listing standard, which mandates a minimum average closi...






 

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Vertical Aerospace Ltd does not provide revenue guidance.

Earnings Outlook
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