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Vertical Aerospace Ltd. (EVTL)
NYSE · Manufacturing · Aircraft
Core research established · 4/4 core data layers currently established
What Vertical Aerospace Ltd. does
A. History and Development of the Company Vertical Aerospace Ltd., or “Vertical,” is an exempted company with limited liability under the Companies Act incorporated under the laws of the Cayman Islands on May 21, 2021. Exempted companies are Cayman Islands companies whose operations are conducted mainly outside the Cayman Islands. Vertical was formed for the sole purpose of effectuating the Business Combination, which was consummated on December 16, 2021. Upon the closing of the Business Combination, Vertical became the direct parent of VAGL, a manufacturer that designs, manufactures and sells zero operating emission eVTOL (as defined below) and hybrid-electric aircraft. For an overview of the history of VAGL, see “—B.
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