Vertical Aerospace Stock Plummets as Company Seeks Funding

Vertical Aerospace is selling $60 million in shares at a discounted price of $5 each, causing a 30% drop in their stock value. The proceeds will fund research, development, and other expenses. Underwriters could purchase an additional $9 million in shares. The company has notable customers like American Airlines and partnerships with Honeywell and GKN.

Read more at Yahoo Finance: Vertical Aerospace Stock Dives as Air Taxi Maker to Sell Shares at Discount