Vertical Aerospace (EVTL) Registration Filing summary

Company overview and business model

• Pioneers electric aviation, focusing on zero-emission eVTOL aircraft for advanced air mobility markets, leveraging aerospace, automotive, and energy technologies.

• Founded in 2016, developed multiple eVTOL prototypes, with the flagship Valo targeting certification in 2028.

• Valo aims to transport a pilot and up to six passengers, with a 100-mile range and 150 mph cruise speed.

• Developing a hybrid-electric variant to extend payload and range for defense, logistics, and commercial applications.

Risk factors and disclosures

• Faces significant risks due to limited operating history, no commercial aircraft sales, and reliance on raising additional capital.

• Recurring losses, limited cash, and dependency on future funding create material uncertainty about going concern status.

• Certification, production, and launch timelines are uncertain; all pre-orders are conditional and may be canceled.

• Market for eVTOL is nascent and may not grow as expected; accidents or certification delays could harm prospects.

• Relies on partners and suppliers for critical components and faces risks from rapid business development and management retention.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.