Vertical Aerospace (EVTL) Registration Filing summary

Company overview and business model

• Pioneers electric aviation, focusing on designing, manufacturing, and selling zero-emission eVTOL aircraft for advanced air mobility markets.

• Founded in 2016, with a background in aerospace and automotive, and has developed multiple eVTOL prototypes, progressing toward certification of the VX4 model by 2028.

• Achieved key milestones including piloted thrustborne flight maneuvers in 2025 and expanded certification cooperation with UK and European authorities.

• Strategy, Flightpath 2030, aims for market leadership by embedding a pioneering culture, redefining best practices, and intelligent partnering.

Risk factors and disclosures

• Faces significant risks including limited operating history, no commercial aircraft sales, and dependency on raising substantial capital.

• Recurring losses, limited cash, and uncertainty about ability to continue as a going concern.

• Risks include potential delays in certification, reliance on partners and suppliers, and conditional, cancellable pre-orders.

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

• Material weaknesses in internal controls over financial reporting have been identified.

Use of proceeds and capital allocation

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