Vertical Aerospace Assembles Comprehensive Financing Package of up to $850 million
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Canaccord on Vertical Aerospace Ltd. (EVTL): 'several upcoming catalysts'
March 30, 2026 3:45 PM EDTCanaccord analyst Austin Moeller reiterated a Buy rating and $9.50 price target on Vertical Aerospace Ltd. (NYSE: EVTL).
The analyst comments "Solidifying liquidity options through aircraft certification (generally in-line with FlightPath 2030 targets of ~$700M to certify along with hybrid R&D work) materially de-risks EVTL shares ahead of several upcoming catalysts. Management noted the combined $850M in available funding provided by Mudrick, Yorkville and the ATM can be drawn entirely at the companys discretion. There are no restrictive terms within the transactions securities purchase... More
