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
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