Vertical Aerospace agreed to sell preferred shares to an accredited investor in a multi-close financing under an amended securities purchase agreement.
Purchase price set at USD 960 per preferred share.
Structure includes preferred shares, ordinary-share conversion shares, and dividend shares, with issuance tied to initial and additional closings.
Company to reserve enough ordinary shares to cover full conversion at the floor price, including up to 18 months of dividend-share conversions.
Equity capitalization disclosed at signing: 171,723,641 ordinary shares outstanding and 27,000 preferred shares outstanding.
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