Vertical Aerospace plummets after pricing $90mln fundraiser
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Vertical Aerospace Ltd shares dropped over 36% after announcing a $90 million funding round with units priced below the previous closing price.
January 23, 2025 | 3:45 pm
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Vertical Aerospace Ltd shares fell over 36% after announcing a $90 million funding round with units priced at $6.00, below the previous closing price of $9.20.
The significant drop in share price is due to the announcement of a funding round priced below the previous market price, indicating potential dilution and reduced investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100