Vertical Aerospace Finalises Investment Agreement
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Vertical Aerospace Ltd. has finalized an investment agreement, securing up to $50 million in new funding to strengthen its balance sheet. This marks a significant advancement from the agreement in principle announced in November.
December 23, 2024 | 9:45 pm
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Vertical Aerospace Ltd. has secured up to $50 million in new funding, which will strengthen its balance sheet and support its electric aviation initiatives.
The new funding of up to $50 million is a positive development for Vertical Aerospace, as it strengthens the company's financial position and supports its ongoing projects in electric aviation. This is likely to have a positive impact on the stock price in the short term.
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