Opti Mist
2 days ago
Asking Co-Pilot about ETVL: Vertical Aerospace Ltd. has been making strides in the electric aviation industry. Here are some of their recent developments:
1. Investment Agreement: Vertical Aerospace finalized an agreement with Mudrick Capital Management, securing up to $50 million in new funding. This is part of a larger $180 million transaction aimed at strengthening their financial position and advancing their "Flightpath 2030 Strategy"2.
2. Debt Conversion: As part of the agreement, $130 million of debt was converted into equity, significantly reducing the company's debt and enhancing its financial stability2.
3. VX4 Prototype Testing: The company is progressing with piloted flight tests of its VX4 prototype at its Flight Test Centre. This marks a significant step toward the certification of their eVTOL aircraft3.
4. Future Plans: Vertical Aerospace aims to establish itself as a global leader in the eVTOL market by the end of the decade, focusing on innovation and sustainability.
The recent funding for Vertical Aerospace Ltd. is expected to have a significant positive impact on their operations. Here's how:
1. Financial Stability: The $50 million funding commitment, along with the conversion of $130 million of debt into equity, will strengthen their balance sheet and reduce debt, providing a more stable financial foundation.
2. Advancing the VX4 Aircraft: The funding will support the ongoing development and certification of their VX4 eVTOL aircraft, which is a critical step in their "Flightpath 2030 Strategy".
3. Operational Expansion: With the funding secured, Vertical Aerospace can focus on scaling production and ramping up operations, aiming to establish itself as a global leader in the eVTOL market.
4. Investor Confidence: Fixing the conversion price for remaining convertible notes and extending loan repayment dates will provide greater certainty for future investors, ensuring continued support for their ambitious plans.
This financial boost positions Vertical Aerospace to achieve its goals of innovation and sustainability in the electric aviation industry.
Vertical Aerospace faces competition from several companies in the eVTOL and aerospace industry. Some of their main competitors include:
1. EHang: A Chinese company specializing in autonomous aerial vehicles and urban air mobility solutions.
2. Archer Aviation: An American company focused on developing electric vertical takeoff and landing aircraft.
3. Volocopter: A German company known for its urban air mobility solutions and electric air taxis.
4. Supernal: A subsidiary of Hyundai Motor Group, working on advanced air mobility solutions.
5. Ascendance Flight Technologies: A French company developing hybrid-electric propulsion systems for sustainable aviation.
These companies are all striving to innovate in the electric aviation and urban air mobility sectors.
Vertical Aerospace and EHang are both key players in the eVTOL (electric vertical takeoff and landing) industry, but they differ in their approaches and focus areas:
1. Technology and Design:
o Vertical Aerospace: Focuses on piloted eVTOL aircraft, such as the VX4, which is designed for urban air mobility and regional travel. Their aircraft emphasizes sustainability and low noise.
o EHang: Specializes in autonomous aerial vehicles (AAVs), like the EHang 216, which are designed for passenger transport, logistics, and emergency response. EHang's focus is on fully autonomous operations.
2. Market Strategy:
o Vertical Aerospace: Targets urban air mobility markets in Europe and North America, with partnerships to integrate their aircraft into existing transportation systems.
o EHang: Has a strong presence in Asia, particularly China, and focuses on creating an ecosystem for autonomous air mobility, including infrastructure and regulatory frameworks.
3. Certification:
o Vertical Aerospace: Actively working on certification for its VX4 aircraft, with piloted flight tests underway.
o EHang: Has achieved significant milestones in certification for its autonomous vehicles, including approval for trial operations in China.
4. Business Model:
o Vertical Aerospace: Operates on a partnership-driven model, collaborating with companies like Rolls-Royce and Honeywell for technology and manufacturing.
o EHang: Develops its technology in-house, focusing on end-to-end solutions, including software, hardware, and operational systems.
Both companies are innovative in their own ways, with Vertical Aerospace emphasizing piloted, sustainable solutions and EHang leading in autonomous air mobility.
• Financial Outlook:
• Vertical Aerospace is expected to report a loss of ($2.12) per share for the current fiscal year.
• Revenue growth is anticipated in the coming years, with projections of $5.78 million in 2026 and $30.23 million in 2027, reflecting their scaling operations.
• Market Sentiment:
• The company has been focusing on reducing debt and securing funding, which has positively impacted investor confidence.
• Analysts remain optimistic about the long-term potential of the eVTOL market, which could benefit Vertical Aerospace significantly.
georgie18
2 months ago
EVTL...$5.82...Filled $5.50s on the dip...🥳
georgie18
Member Level
Re: None
Thursday, January 23, 2025 7:15:53 AM
Post#
388922
of 389071
EVTL...$6.38...🥳...Loaded the dip on the offering...
Vertical Aerospace Announces Pricing of Upsized Underwritten Public Offering
January 23, 2025 06:57 AM Eastern Standard Time
LONDON--(BUSINESS WIRE)--Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical” or the “Company”), a global aerospace and technology company that is pioneering electric aviation, today announced that it has priced its underwritten public offering of $90 million of units at a public offering price of $6.00 per unit (the "Offering”). Each unit consists of one ordinary share and one-half of one Tranche A warrant and one-half of one Tranche B warrant. The ordinary shares and the warrants comprising the units are immediately separable and will be issued separately in the Offering. The Offering is expected to close on or about January 24, 2025, subject to customary closing conditions.
The Tranche A warrants will expire on the earlier of: (i) upon the satisfaction of both of the following conditions: (a) Vertical successfully demonstrating a wing-borne flight of its VX4 prototype aircraft and (b) the 10-day volume weighted average price of the Company’s ordinary shares, following the public disclosure of such successful wing-borne flight, being equal to or greater than, 103% of the exercise price of the warrants, the 30th day following the date of such disclosure; and (ii) the five-year anniversary of the date of issuance. The Tranche A warrants are exercisable at an exercise price of $6.00 per whole ordinary share. The Tranche B warrants will expire five years from the date of issuance and are exercisable at an exercise price of $7.50 per whole ordinary share.
georgie18
2 months ago
EVTL...$6.38...🥳...Loaded the dip on the offering...
Vertical Aerospace Announces Pricing of Upsized Underwritten Public Offering
January 23, 2025 06:57 AM Eastern Standard Time
LONDON--(BUSINESS WIRE)--Vertical Aerospace (Vertical) (NYSE: EVTL) ("Vertical” or the “Company”), a global aerospace and technology company that is pioneering electric aviation, today announced that it has priced its underwritten public offering of $90 million of units at a public offering price of $6.00 per unit (the "Offering”). Each unit consists of one ordinary share and one-half of one Tranche A warrant and one-half of one Tranche B warrant. The ordinary shares and the warrants comprising the units are immediately separable and will be issued separately in the Offering. The Offering is expected to close on or about January 24, 2025, subject to customary closing conditions.
The Tranche A warrants will expire on the earlier of: (i) upon the satisfaction of both of the following conditions: (a) Vertical successfully demonstrating a wing-borne flight of its VX4 prototype aircraft and (b) the 10-day volume weighted average price of the Company’s ordinary shares, following the public disclosure of such successful wing-borne flight, being equal to or greater than, 103% of the exercise price of the warrants, the 30th day following the date of such disclosure; and (ii) the five-year anniversary of the date of issuance. The Tranche A warrants are exercisable at an exercise price of $6.00 per whole ordinary share. The Tranche B warrants will expire five years from the date of issuance and are exercisable at an exercise price of $7.50 per whole ordinary share.
georgie18
2 months ago
EVTL...$10.50... Bullish 3 Gap Downs... 🥳... https://schrts.co/GYJkcHHH
georgie18
Member Level
Re: georgie18 post# 53
Friday, December 27, 2024 8:27:51 AM
Post#
54
of 58
EVTL...$12.44...🥳...Off my $6.80 Alert...
georgie18
Member Level
Re: georgie18 post# 659661
Thursday, December 26, 2024 10:24:19 AM
Post#
668895
of 669129
EVTL...$11.58...🥳...Post Split...
georgie18
Member Level
Re: georgie18 post# 46
Friday, September 27, 2024 3:55:49 PM
Post#
47
of 52
EVTL...$7.01...Hit $7.21...HOD...🥳
georgie18
Member Level
Re: georgie18 post# 658864
Friday, September 27, 2024 10:35:04 AM
Post#
659579
of 659659
EVTL...$6.80...Post Split...🥳
georgie18
Member Level
Re: georgie18 post# 44
Monday, September 23, 2024 8:48:56 AM
Post#
45
of 45
EVTL...$6.60...1/10 R/S today...🥳Lets see where she lands...
georgie18
Member Level
Re: georgie18 post# 653091
Friday, August 23, 2024 12:51:05 PM
Post#
655032
of 658863
EVTL...9051...Off my .78 Alert...🥳...Looking for upper band breakout...imo...we shall see...
georgie18
Member Level
Re: None
Monday, August 12, 2024 9:16:04 AM
Post#
43
of 43
EVTL...78...https://schrts.co/GXadCGYV ...🥳...Scaling in here...https://www.businesswire.com/news/home/20240722056469/en/Chief
georgie18
3 months ago
EVTL...$12.44...🥳...Off my $6.80 Alert...
georgie18
Member Level
Re: georgie18 post# 659661
Thursday, December 26, 2024 10:24:19 AM
Post#
668895
of 669129
EVTL...$11.58...🥳...Post Split...
georgie18
Member Level
Re: georgie18 post# 46
Friday, September 27, 2024 3:55:49 PM
Post#
47
of 52
EVTL...$7.01...Hit $7.21...HOD...🥳
georgie18
Member Level
Re: georgie18 post# 658864
Friday, September 27, 2024 10:35:04 AM
Post#
659579
of 659659
EVTL...$6.80...Post Split...🥳
georgie18
Member Level
Re: georgie18 post# 44
Monday, September 23, 2024 8:48:56 AM
Post#
45
of 45
EVTL...$6.60...1/10 R/S today...🥳Lets see where she lands...
georgie18
Member Level
Re: georgie18 post# 653091
Friday, August 23, 2024 12:51:05 PM
Post#
655032
of 658863
EVTL...9051...Off my .78 Alert...🥳...Looking for upper band breakout...imo...we shall see...
georgie18
Member Level
Re: None
Monday, August 12, 2024 9:16:04 AM
Post#
43
of 43
EVTL...78...https://schrts.co/GXadCGYV ...🥳...Scaling in here...https://www.businesswire.com/news/home/20240722056469/en/Chief
georgie18
3 months ago
EVTL...$11.58...🥳...Post Split...
georgie18
Member Level
Re: georgie18 post# 46
Friday, September 27, 2024 3:55:49 PM
Post#
47
of 52
EVTL...$7.01...Hit $7.21...HOD...🥳
georgie18
Member Level
Re: georgie18 post# 658864
Friday, September 27, 2024 10:35:04 AM
Post#
659579
of 659659
EVTL...$6.80...Post Split...🥳
georgie18
Member Level
Re: georgie18 post# 44
Monday, September 23, 2024 8:48:56 AM
Post#
45
of 45
EVTL...$6.60...1/10 R/S today...🥳Lets see where she lands...
georgie18
Member Level
Re: georgie18 post# 653091
Friday, August 23, 2024 12:51:05 PM
Post#
655032
of 658863
EVTL...9051...Off my .78 Alert...🥳...Looking for upper band breakout...imo...we shall see...
georgie18
Member Level
Re: None
Monday, August 12, 2024 9:16:04 AM
Post#
43
of 43
EVTL...78...https://schrts.co/GXadCGYV ...🥳...Scaling in here...https://www.businesswire.com/news/home/20240722056469/en/Chief
georgie18
6 months ago
EVTL...$7.01...Hit $7.21...HOD...🥳
georgie18
Member Level
Re: georgie18 post# 658864
Friday, September 27, 2024 10:35:04 AM
Post#
659579
of 659659
EVTL...$6.80...Post Split...🥳
georgie18
Member Level
Re: georgie18 post# 44
Monday, September 23, 2024 8:48:56 AM
Post#
45
of 45
EVTL...$6.60...1/10 R/S today...🥳Lets see where she lands...
georgie18
Member Level
Re: georgie18 post# 653091
Friday, August 23, 2024 12:51:05 PM
Post#
655032
of 658863
EVTL...9051...Off my .78 Alert...🥳...Looking for upper band breakout...imo...we shall see...
georgie18
Member Level
Re: None
Monday, August 12, 2024 9:16:04 AM
Post#
43
of 43
EVTL...78...https://schrts.co/GXadCGYV ...🥳...Scaling in here...https://www.businesswire.com/news/home/20240722056469/en/Chief
georgie18
6 months ago
EVTL...$6.80...Post Split...🥳
georgie18
Member Level
Re: georgie18 post# 44
Monday, September 23, 2024 8:48:56 AM
Post#
45
of 45
EVTL...$6.60...1/10 R/S today...🥳Lets see where she lands...
georgie18
Member Level
Re: georgie18 post# 653091
Friday, August 23, 2024 12:51:05 PM
Post#
655032
of 658863
EVTL...9051...Off my .78 Alert...🥳...Looking for upper band breakout...imo...we shall see...
georgie18
Member Level
Re: None
Monday, August 12, 2024 9:16:04 AM
Post#
43
of 43
EVTL...78...https://schrts.co/GXadCGYV ...🥳...Scaling in here...https://www.businesswire.com/news/home/20240722056469/en/Chief