Mudrick Capital in its commitment to purchase up to $50 million in aggregate principal amount of additional Convertible Senior Secured Notes of Vertical Aerospace Ltd.

On April 20, 2026, Vertical Aerospace Ltd., a global aerospace and technology company that is pioneering electric aviation, announced the closing of a comprehensive financing package totaling up to $800 million.  As a component of the financing, Mudrick Capital Management L.P. committed to purchase up to $50 million of convertible senior secured notes from Vertical.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Mudrick.