Vertical Aerospace Ltd.'s SEC filings document the company's reporting as a foreign private issuer developing the Valo electric vertical take-off and landing aircraft. Form 6-K reports include operating and financial reviews, unaudited interim financial statements, prototype flight-test and certification disclosures, and incorporation of certain materials into Form F-3 registration statements.
The filings also record capital-structure and financing matters, including ordinary share issuances, an at-the-market program, senior secured convertible notes, convertible preferred equity and an equity line of credit. Other disclosures cover long-term supplier agreements for Valo components, subsidiary arrangements, intellectual property litigation matters, forward-looking statements and governance or legal information tied to the company's aircraft development program.
Vertical Aerospace Ltd. ownership disclosure: Saba Capital and affiliated reporting persons report shared beneficial ownership of 15,806,503 shares, representing 12.02% of the class. The reported block includes 11,640,503 Ordinary Shares and 2,083,000 Ordinary Shares underlying each of the Tranche A and Tranche B public warrants. The filing bases percentages on 127,328,004 Ordinary Shares outstanding as of March 31, 2026, as reported in the issuer's 424B5.
Vertical Aerospace Ltd. announced a board leadership change. Chairman Dómhnal Slattery notified the board on May 10, 2026 of his intention to resign as Chairman and director and, by agreement with the board, his resignation became effective on May 12, 2026.
The company credits Mr. Slattery with overseeing key operational and financial milestones, including a recent two-way piloted transition flight and closing of a financing package totaling up to $850 million. The board expressed its thanks for his service and contribution.
Effective May 12, 2026, the board appointed existing director Ben Story as interim Chairman while it searches for a permanent Chair. Mr. Story brings experience from senior roles at Rolls-Royce Holdings, Citigroup, and public-sector and innovation-focused boards.
Vertical Aerospace Ltd. Chief Executive Officer Stuart Simpson received a grant of 41,819 Nil Cost Options over common stock. These options have a £0.00 exercise price and expire on January 21, 2036. Following the grant, he holds 2,634,462 derivative securities linked to common stock.
According to the footnote, the options begin vesting on June 30, 2026, with additional portions vesting quarterly under an applicable vesting schedule, subject to his continued service through each vesting date. This is a compensation-related award rather than an open-market transaction.
Vertical Aerospace Ltd. director Domhnal Slattery received a grant of Nil Cost Options over 29,273 shares of common stock. These options have an exercise price of $0.00 and expire on January 21, 2036. Following the award, his directly held derivative position is 1,844,123 options.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the applicable vesting schedule, subject to his continued service through each vesting date.
Vertical Aerospace Ltd. director Domhnal Slattery received a grant of 75,416 Nil Cost Options over Common Stock. These options have a zero exercise price and expire on January 21, 2036. Following this award, he holds 1,814,850 Nil Cost Options directly.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the applicable vesting schedule, subject to his continued service through each vesting date. This filing reflects a compensation-related equity award rather than an open-market share purchase or sale.
Vertical Aerospace Ltd. Chief Executive Officer Stuart Simpson received a grant of 107,737 Nil Cost Options over common stock. These options were awarded at an exercise price of $0.00 per share and increase his directly held derivative position to 2,592,642 options.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the company’s vesting schedule, contingent on Simpson’s continued service through each vesting date. The options are scheduled to expire on January 21, 2036 if not exercised.
Vertical Aerospace Ltd. is offering up to 32,559 Series A convertible preferred shares (25,000 Initial Preferred Shares plus up to 7,559 PIK Preferred Shares) pursuant to a Securities Purchase Agreement with YA II PN, Ltd., and this prospectus supplement registers up to 54,446,488 ordinary shares issuable upon conversion of those preferred shares (calculated at the disclosed floor price of $0.598 per share).
The Initial Preferred Shares were priced at $960 per $1,000 stated value and delivery at the first closing was expected on or about April 20, 2026, subject to closing conditions. Proceeds are intended to fund R&D, testing, manufacturing and certification capacity expansion, and general corporate purposes. Conversion mechanics, dividends (PIK at an 18% annual rate upon Triggering Events), transfer restrictions and a 4.99% beneficial ownership conversion limit are described in the Certificate of Designations.
Vertical Aerospace Ltd. is issuing ordinary shares having an aggregate offering price of $2,000,000 as a commitment fee under a Standby Equity Purchase Agreement dated April 20, 2026 with YA II PN, Ltd. Fifty percent of the Commitment Shares were deliverable on signing (April 20, 2026) and 50% are payable six months later (October 20, 2026), with the number of shares calculated using the last closing price on the Trading Day immediately prior to each delivery. The SEPA gives the company the right to sell up to $500.0 million of ordinary shares to the Investor over time. The company states it will not receive cash proceeds from the Commitment Shares issuance and cites a cash position of approximately £73 million ($96 million) as of March 31, 2026.
Vertical Aerospace Ltd. outlines a comprehensive financing package that could provide significant funding flexibility. The company arranged (i) up to $50 million in additional 10.00% / 12.00% Convertible Senior Secured PIK Toggle Notes due 2030 with Mudrick Capital, (ii) up to $250 million of Series A Convertible Preferred Shares with Yorkville, and (iii) an equity line of credit for ordinary shares with Yorkville of up to $500 million.
The new note facility lets Vertical draw up to $50 million over one year at a fixed conversion price of $3.50 per share, subject to liquidity and solvency conditions and a company repurchase right at a premium. The preferred equity facility allows tranches of up to $25 million each over 24 months at $960 per share, with conversion based on market price and an 18% in‑kind dividend after certain Triggering Events. The three‑year standby equity purchase agreement enables share sales to Yorkville at 97% of VWAP, capped by a 4.99% beneficial ownership limit. As of March 31, 2026, cash and cash equivalents were approximately £73 million ($96 million) based on preliminary data.