Vertical Aerospace (EVTL) has released an update.
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Vertical Aerospace Ltd. has announced amendments to its indenture, aiming to set a fixed conversion rate and interest terms for its convertible notes, while extending the maturity date to 2028. This strategic move includes a partial conversion of notes by Mudrick Capital, reflecting a conversion price of $2.75 per share, potentially increasing the company’s ordinary shares significantly. These changes are anticipated to enhance financial stability and investor confidence in Vertical Aerospace’s market performance.
For further insights into EVTL stock, check out TipRanks’ Stock Analysis page.
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