Vertical Aerospace Soars: $50 Million Funding Boost And Debt Conversion Propel EVTOL Maker Forward
Vertical Aerospace Soars: $50 Million Funding Boost And Debt Conversion Propel EVTOL Maker Forward
This funding is expected to support the company's Flightpath 2030 Strategy, aimed at positioning Vertical as a global leader in the eVTOL market by the decade's end, including the ongoing development and certification of the VX4.Vertical Aerospace Ltd. (NYSE:EVTL) shares are trading higher premarket on Monday. The company disclosed a signed term sheet with its majority shareholder, Stephen Fitzpatrick, and primary creditor, Mudrick Capital Management.
垂直航空有限公司（紐交所：EVTL）的股票在週一盤前交易中上漲。該公司披露與其主要股東Stephen Fitzpatrick和主要債權人Mudrick Capital Management簽署了條款清單。
The term sheet outlines a $50 million funding commitment from Mudrick Capital, with $25 million in upfront funding and an additional $25 million backstop, which can be reduced by third-party funding.
該條款清單概述了Mudrick Capital提供的5千萬美元的資金承諾，其中2500萬美元爲前期資金，另外2500萬美元爲後備資金，這一金額可以通過第三方融資進行減少。
Stephen Fitzpatrick also has the option to invest an additional $25 million on the same terms.
Stephen Fitzpatrick還有權根據相同條款再投資2500萬美元。
This funding is expected to support the company's Flightpath 2030 Strategy, aimed at positioning Vertical as a global leader in the eVTOL market by the decade's end, including the ongoing development and certification of the VX4.
這筆資金預計將支持公司的Flightpath 2030策略，旨在到本十年底將Vertical定位爲eVTOL市場的全球領導者，包括正在進行的VX4的開發和認證。
As part of the agreement, Vertical Aerospace's founder, Stephen Fitzpatrick, will stay on the board to provide ongoing strategic direction as the company advances through its certification program.
作爲協議的一部分，Vertical Aerospace的創始人Stephen Fitzpatrick將繼續留任董事會，提供持續的戰略指導，幫助公司推進其認證程序。
To strengthen its balance sheet, the company will convert approximately $130 million of convertible notes (50% of the outstanding amount) into equity at $2.75 per share, significantly reducing debt.
爲了加強資產負債表，公司將把約13000萬美元的可轉換票據（佔未償還金額的50%）以每股2.75美元的價格轉換爲股權，從而顯著減少債務。
The conversion price for the remaining convertible notes is set at $3.50 per share, which supports future fundraising.
剩餘可轉換票據的轉換價格設定爲每股3.50美元，以支持未來的融資。
The repayment date for the remaining loan has been extended to December 2028, providing additional security during Vertical's certification process.
剩餘貸款的償還日期已延長至2028年12月，爲Vertical的認證過程提供了額外的安防-半導體。
Stuart Simpson, CEO of Vertical Aerospace, said, "This funding agreement underscores the strong confidence of our investors in our Flightpath 2030 Strategy and our ambition to lead the global eVTOL market."
Vertical Aerospace的首席執行官斯圖爾特·西姆普森說道：「這一融資協議凸顯了我們投資者對我們的Flightpath 2030策略和我們在全球eVTOL市場引領地位的強烈信心。」
"By addressing our more immediate capital needs and positioning us well to secure funding for the long-term, we can focus on advancing our piloted flight test programme and bringing the VX4 to market."
「通過滿足我們更緊迫的資本需求，併爲長期融資做好定位，我們可以專注於推進我們的飛行測試項目，並將VX4萬億市場推向前進。」
Price Action: EVTL shares are up 7.31% at $5.14 premarket at the last check Monday.
價格動態：EVTL股票在週一盤前最後檢查時上漲7.31%，至5.14美元。
Photo via Midjourney
通過Midjourney拍攝
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譯文內容由第三人軟體翻譯。
