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Vertical Aerospace Soars 10.2% on $60M Offering
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jul 15, 2025 4:49 am ET1min read
On July 15, 2025, Vertical Aerospace's stock surged by 10.2% in pre-market trading, marking a significant uptick in investor interest and confidence in the company's future prospects.
Vertical Aerospace recently closed a $60 million underwritten public offering, selling 12 million ordinary shares at $5.00 per share. This move is seen as a strategic effort to bolster the company's financial position and support its ongoing development initiatives.
Canaccord Genuity Group has lowered its price target for
from $13.50 to $11.00, while maintaining a "buy" rating on the stock. This adjustment reflects the company's recent market performance and potential future growth opportunities.Mudrick Capital has significantly increased its stake in Vertical Aerospace, now controlling 69.7% of the company's shares. This acquisition was part of the $60 million offering in July 2025, indicating strong institutional support for the company's long-term prospects.
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