Vertical Aerospace agrees in principle on up to $50 million Mudrick convertible notes facility

Reuters03-30

<a href="https://laohu8.com/S/EVTL">Vertical Aerospace</a> agrees in principle on up to $50 million Mudrick convertible notes facility

Vertical Aerospace entered agreement in principle on March 30, 2026 for non-binding financing package with Mudrick Capital and Yorkville.
Mudrick Capital facility provides up to USD 50 million of additional senior secured convertible notes over 12 months.
Third supplemental indenture would extend maturity of existing senior secured convertible notes to December 2030.
Yorkville package includes up to USD 250 million of convertible preferred equity over two years.
Yorkville also offers up to USD 500 million equity line of credit over three years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertical Aerospace Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-036443), on March 30, 2026, and is solely responsible for the information contained therein.

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