Latham & Watkins Represents Vertical Aerospace in US$60 Million Underwritten Public Offering

Vertical Aerospace (Vertical) (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, has announced the closing of its previously announced underwritten public offering for total gross proceeds of US$60 million, before deducting underwriting discounts and commissions and other offering expenses. In the offering, Vertical sold 12,000,000 ordinary shares at US$5.00 per ordinary share. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 ordinary shares at the public offering price, which has not yet been exercised.

Latham & Watkins LLP represented Vertical Aerospace in the offering with a corporate team led by London partner Jenna Gascoyne and London counsel Yoseph Choi, with associates Sarah Youssefi, Summer Xia, and Rebecca Reeve. Advice on tax matters was provided by Chicago partner Rene de Vera, with associate Nicholas Sun.