Vertical Aerospace signs shareholder agreement granting Mudrick Capital expanded board nomination rights
EVTL•Shareholder agreement expands board rights for Mudrick Capital
Vertical Aerospace signed a shareholder agreement with Mudrick Capital to expand the board to nine seats.
Mudrick gains nomination rights tied to its ownership, with at least one Mudrick-linked director while it holds at least 10%.
Board size cannot rise above nine without Mudrick consent while Mudrick owns at least 25% of ordinary shares.
The company must call a shareholder meeting by Sept. 15, 2026 to seek approval of articles amendments.
The agreement terminates when the articles amendments are adopted or when Mudrick ownership falls below 10%.
