Vertical Aerospace Ltd. (EVTL) Form SCHEDULE 13D/A — Sep 24, 2026
Mudrick Capital Management and affiliated funds filed Amendment No. 10 to their Schedule 13D disclosing beneficial ownership of 214,698,010 ordinary shares of Vertical Aerospace Ltd., or 64.2% of the class, as of September 23, 2026. MCM exercised its director nomination rights under the shareholder agreement and amended Articles, with Fabrice Bregier appointed to the board effective September 21, 2026. MCM now intends to remove two pre-existing MCM-nominated directors (JK Brown and Carsten Stendevad), nominate five additional directors, and expand the board from nine to eleven seats.
Key figures
- Shares Outstanding
- approx. 334.4 million implied (214,698,010 shares = 64.2% of class)
- Board size current
- 9
- Board size proposed
- 11
- Directors to remove
- 2
- Mudrick stake shares
- 214698010
- Directors to nominate
- 5
- Mudrick stake percent
- 64.2%
AI analysis
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