Vertical calls for ‘timely receipt’ of $25m to extend ‘cash runway’ into second half of 2025

By Dominic Perry2024-09-17T11:42:00

First tethered flight new VX4 nose-c-Vertical Aerospace

Source: Vertical Aerospace

Vertical Aerospace needs to secure a minimum of $25 million – a sum still outstanding from founder Stephen Fitzpatrick – to ensure that it continues as a going concern into the second half of next year, the company has disclosed.

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