Vertical Aerospace Ltd.
58.40%
101,021,846
1867102
Apr 19, 2026
May 19, 2026, 06:02 AM
Reporting Persons (20)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Mudrick Capital Management, L.P. | Partnership | 58.40% | 101,021,846 | 0 | 101,021,846 |
| Mudrick Capital Management, LLC | Other | 58.40% | 101,021,846 | 0 | 101,021,846 |
| Jason Mudrick | Individual | 58.40% | 101,021,846 | 0 | 101,021,846 |
| Mudrick Distressed Opportunity Fund Global, L.P. | Partnership | 17.00% | 23,356,030 | 0 | 23,356,030 |
| Mudrick GP, LLC | Other | 17.00% | 23,356,031 | 0 | 23,356,031 |
| Mudrick Distressed Opportunity Drawdown Fund II GP, LLC | Other | 11.10% | 14,863,428 | 0 | 14,863,428 |
| Mudrick Distressed Opportunity Drawdown Fund II, L.P. | Partnership | 10.10% | 13,458,661 | 0 | 13,458,661 |
| Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. | Partnership | 2.70% | 3,520,599 | 0 | 3,520,599 |
| Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC | Other | 2.70% | 3,520,599 | 0 | 3,520,599 |
| Mudrick Distressed Opportunity SIF Master Fund, L.P. | Partnership | 2.10% | 2,731,491 | 0 | 2,731,491 |
| Mudrick Distressed Opportunity SIF GP, LLC | Other | 2.10% | 2,731,491 | 0 | 2,731,491 |
| Mudrick Stressed Credit Master Fund, L.P. | Partnership | 2.10% | 2,710,801 | 0 | 2,710,801 |
| Mudrick Stressed Credit Fund GP, LLC | Other | 2.10% | 2,710,801 | 0 | 2,710,801 |
| Mudrick Opportunity Co-Investment Fund, L.P. | Partnership | 1.80% | 2,238,495 | 0 | 2,238,495 |
| Mudrick Opportunity Co-Investment Fund GP, LLC | Other | 1.80% | 2,238,495 | 0 | 2,238,495 |
| Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. | Partnership | 1.10% | 1,404,767 | 0 | 1,404,767 |
| Mudrick Distressed Opportunity Drawdown Fund III, L.P. | Partnership | 0.40% | 512,447 | 0 | 512,447 |
| Mudrick Distressed Opportunity Drawdown Fund III GP, LLC | Partnership | 0.40% | 512,447 | 0 | 512,447 |
| Mudrick Co-Investment Opportunity III, L.P. | Other | 0.20% | 250,000 | 0 | 250,000 |
| Mudrick Co-Investment Opportunity III GP, LLC | Other | 0.20% | 250,000 | 0 | 250,000 |
Disclosure Items (4)
Class A ordinary shares, par value $0.0001 per share
Vertical Aerospace Ltd.
Unit 1 Camwal Court, Bristol, X0, BS2 0UW
This Item 6 of the Schedule 13D is amended and supplemented as follows: As previously disclosed by the Company in its Form 6-K filed on April 20, 2026 and consistent with Item 4 of Amendment No. 6, on April 1, 2026, Mudrick Capital Management, L.P. ("MCM") and the Company entered into a Convertible Note Purchase Agreement (the "Convertible Note Purchase Agreement"), pursuant to which the Company has the right, but not the obligation, to cause MCM to purchase up to $50,000,000 in aggregate original principal amount of additional Convertible Senior Secured Notes (the "Additional Notes") to be issued under the Indenture during a period of one year following the date of the Convertible Note Purchase Agreement. Such Additional notes will be issued as set forth by the Company in a notice to MCM at least 30 days in advance of the Draw Date (as defined in the Convertible Note Purchase Agreement). MCM may convert the Additional Notes into the Company's ordinary shares at a fixed conversion price of $3.50 per ordinary share. The Company will provide a notice Each issuance will be subject to the satisfaction (or waiver) of various customary conditions as of the Draw Notice Date and Draw Date, in each case, as specified in the Convertible Note Purchase Agreement, including the Company having $50 million in liquidity and being solvent and able to pay its debts for the following four months after such issuance. Additionally, as previously disclosed by the Issuer, pursuant to the terms of the Convertible Note Purchase Agreement, at any time until the one-year anniversary of the date of the Convertible Note Purchase Agreement, the Company is permitted to repurchase any Additional Notes in a privately negotiated repurchase transaction, at a repurchase price that includes an applicable premium. In addition, pursuant to the terms of the Convertible Note Purchase Agreement, MCM has agreed to not convert any of the Additional Notes into the Company's ordinary shares once the Company has exercised its repurchase right for such Additional Notes as described in the preceding sentence. A copy of the Convertible Note Purchase Agreement is attached as Exhibit 19 to this Amendment No. 7.
Exhibit 19: Convertible Note Purchase Agreement, incorporated by reference to Exhibit 99.1 on Form 6-K filed April 20, 2026. Exhibit 20: Joint Filing Agreement, incorporated by reference to Exhibit 17 of Amendment No. 5 to this Schedule 13D.