Vertical Aerospace Ltd. (EVTL) Form 6-K — Aug 18, 2026
Vertical Aerospace filed a 6-K furnishing the circular for its Annual General Meeting on September 11, 2026, headlined by a Proposal 4 asking shareholders to amend the articles of association to give Mudrick Capital director nomination, removal, committee designation and consent rights. The amendments implement an August 12, 2026 Shareholder Agreement signed alongside an Amended and Restated Convertible Note Purchase Agreement accelerating issuance of the remaining $35,000,000 of convertible senior secured notes; Mudrick is the company's largest shareholder, primary creditor and senior secured lender, and may designate the board chairman while holding at least 33% of ordinary shares.
Key figures
- Debt Amount
- 35000000
- Agm date
- September 11, 2026
- Record date
- August 18, 2026
- Board size max
- up to nine directors (increased from seven)
- Accelerated notes context
- remaining $35,000,000 aggregate nominal principal of additional Convertible Senior Secured Notes per Amended and Restated Convertible Note Purchase Agreement dated August 12, 2026
- Certification target year
- 2029
- Equity plan increase shares
- 2767806
- Equity plan new limit shares
- 11812806
- Special resolution threshold
- not less than two-thirds of votes cast
- Equity plan prior limit shares
- 9045000
- Mudrick nomination rights threshold pct
- 10
- Mudrick chairman designation threshold pct
- 33
AI analysis
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