Air taxi firm Vertical says Mudrick to convert some notes to equity, extend repayment deadline
Global Banking & Finance
NOVEMBER 25, 2024
By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, providing the cash-strapped air-taxi maker with financial breathing room.
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