Vertical Aerospace Ltd. Form 6-K Filing Summary

Vertical Aerospace Ltd. has entered into agreements with Mudrick Capital Management and a designee of Yorkville Advisors Global, LP. These agreements include an amendment to the indenture governing the Company's 10.00%/12.00% Convertible Senior Secured PIK Toggle Notes due 2030, changing the conversion price from $3.50 to $1.30. Additionally, the company will accelerate the issuance of $35 million in additional convertible senior secured notes by August 12, 2026, with proceeds intended for research and development, testing, manufacturing, certification capacities, and general corporate purposes. A shareholder agreement with Mudrick Capital has also been implemented, granting certain director nomination and consent rights. These agreements align terms with the note conversion price change and are expected to be consummated around August 13, 2026. The company also entered into an Amended and Restated Securities Purchase Agreement with Yorkville to align terms with the Indenture Amendment.