Vertical Aerospace Adopts New Corporate Structure

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An announcement from Vertical Aerospace ( (EVTL) ) is now available.

Vertical Aerospace Ltd., a company limited by shares under the laws of the Cayman Islands, has adopted a fourth amended and restated memorandum and articles of association effective December 23, 2024. This move provides the company with unrestricted objectives and the ability to operate under the jurisdiction of the Cayman Islands or elsewhere. The authorized share capital is set at $210,000, divided into ordinary and preferred shares, showcasing its potential for flexibility and expansion in its corporate structure.

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YTD Price Performance: 14.68%

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Current Market Cap: $150.8M

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