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Vertical says it currently has enough cash on hand to fund its activities through the second quarter of 2025.
Credit: Vertical Aerospace
Vertical Aerospace’s largest creditor is offering a proposal to help fund up to $75 million for the cash-strapped startup. A self-described investor in distressed companies, Mudrick Capital is the largest creditor of UK-based Vertical. It has previously injected $192 million into Vertical in late...
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Vertical Aerospace Creditor Proposes Deal To Raise Up To $75 Million is published in Advanced Air Mobility Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN Premium membership.
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