Vertical Aerospace secures financing package of up to $850 million

Vertical Aerospace ​said on Monday ​it has agreed in principle to ​a financing package of up to $850 million, sending its US-listed shares up over 4% in morning trading. The ‌company ⁠said it ⁠raised $50 million of equity capital on Monday and ​expects a further $30 million shortly, positioning it to have ​about $160 million of working capital in the near term to fund operations through 2026.

from Tech-Economic Times https://ift.tt/WnF9So6