UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2025
Commission
File Number: 001-41169
Vertical Aerospace Ltd.
(Exact Name of Registrant as Specified in Its
Charter)
Unit 1 Camwal Court, Chapel Street
Bristol BS2 0UW
United Kingdom
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F x Form
40-F ¨
INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
Director Appointment
On January 14, 2025, the Board of Directors (the “Board”)
of Vertical Aerospace Ltd. (the “Company”) appointed Dómhnal Slattery to serve as a director of the Company and chairman
of the Board, effective immediately.
Mr. Slattery rejoins the Board after previously serving as its
Chairman from January 2022 to August 2023.
Mr. Slattery is one the world’s leading aircraft leasing
and finance pioneers having founded and built Avolon and SMBC Aviation into leading industry players. Today, they are respectively ranked
as the number two and three aircraft leasing companies in the world. Mr. Slattery has extensive capital markets expertise and understanding
of and track record in the global aviation sector. The businesses he has founded and built have collectively raised and deployed over
$75 billion in capital. He is also CEO and Chairman of Clahane Capital. Mr. Slattery has been widely recognised for his exceptional
contributions to the aviation industry. He was the 2023 recipient of the International Society of Transport Aircraft Trading (ISTAT) Award
and the "Outstanding Contribution to the Aviation Industry" award at the Aviation Industry Awards in 2016. He was also awarded
an honorary doctorate from Dublin City University in 2022 and the NYU Lewis L Glucksman Award for Ethical Leadership in 2020 – both
of which recognised his contribution to aviation and entrepreneurship. Mr Slattery has a Bachelor of Commerce from University College
Galway and is a graduate of the Accelerated Development Programme from the London Business School.
Mr. Slattery’s appointment was proposed by Mudrick Capital
Management L.P. pursuant to its director nomination rights set forth in the Company’s amended and restated memorandum and articles
of association.
Stephen Welch, the Company’s outgoing chairman, will continue
to serve on the Company’s Board as a non-executive director. On January 14, 2025, Vincent Casey notified the Board of his resignation
as a director of the Board, with immediate effect.
Press Release
On January 15, 2025, the Company issued a press release in relation
to the director changes, a copy of which is furnished as 99.1 hereto.
Forward-Looking Statements
This Report of Foreign Private Issuer on Form 6-K (the “Form 6-K”)
contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied
statements contained in this Form 6-K that are not statements of historical fact may be deemed to be forward-looking statements,
including, without limitation, statements regarding anticipated Board changes, as well as statements that include the words “expect,”
“intend,” “plan,” “believe,” “project,” “forecast,” “estimate,”
“may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,”
“is/are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect
our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from
the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important
factors discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities
and Exchange Commission (“SEC”) on March 14, 2024, as such factors may be updated from time to time in the Company’s
other filings with the SEC. Any forward-looking statements contained in this Form 6- K speak only as of the date hereof and accordingly
undue reliance should not be placed on such statements. the Company disclaims any obligation or undertaking to update or revise any forward-looking
statements contained in this Form 6-K, whether as a result of new information, future events or otherwise, other than to the extent
required by applicable law.
INCORPORATION BY REFERENCE
The information included in this
Report on Form 6-K (excluding Exhibit 99.1) is hereby incorporated by reference into the Company’s Registration Statements
on Form F-3 (File No. 333-270756 and File No. 333-275430) (including any prospectuses forming a part of such
registration statements) and to be a part thereof from the date on which this Report on Form 6-K is filed, to the extent not superseded
by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Vertical Aerospace Ltd. |
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| Date: January 15, 2025 |
By: |
/s/ Stuart Simpson |
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Stuart Simpson |
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Chief Executive Officer |
EXHIBIT INDEX
Exhibit 99.1
VERTICAL AEROSPACE APPOINTS AVIATION INDUSTRY
VETERAN, DÓMHNAL SLATTERY, AS CHAIRMAN
| · | Mr. Slattery brings over three decades of aviation expertise including
founding and scaling two of the leading global aviation finance firms: Avolon and SMBC Aviation |
| · | Dómhnal rejoins Vertical’s Board having previously led the business
in building its industry leading order book and listing on the New York Stock Exchange |
| · | Vertical announces Chair appointment as it continues to deliver against its
Flightpath 2030 strategy to lead the eVTOL sector by the end of the decade |
London, UK & New York, USA, 15 January 2025
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and
technology company that is pioneering electric aviation, announces the appointment of Dómhnal Slattery as Chairman of its Board
of Directors with immediate effect. Mr. Slattery brings over three decades of global aviation industry expertise to Vertical and
rejoins the Board having previously served as Chairman from January 2022 to August 2023 during which time Vertical built its
industry leading order-book and listed on the New York Stock Exchange.
Mr. Slattery is one the world’s leading aircraft leasing
and finance pioneers having founded and built Avolon and SMBC Aviation into leading industry players. Today, they are respectively ranked
as the number two and three aircraft leasing companies in the world. He is also CEO and Chairman of Clahane Capital.
Vertical will benefit from Mr. Slattery’s extensive leadership
and capital markets expertise and, in particular, his understanding of and track record in the global aviation sector. The businesses
he has founded and built have collectively raised and deployed over $75 billion in capital.
Mr. Slattery has been widely recognised for his exceptional contributions
to the aviation industry. He was the 2023 recipient of the International Society of Transport Aircraft Trading (ISTAT) Award and the "Outstanding
Contribution to the Aviation Industry" award at the Aviation Industry Awards in 2016. He was also awarded an honorary doctorate from
Dublin City University in 2022 and the NYU Lewis L Glucksman Award for Ethical Leadership in 2020 – both of which recognised his
contribution to aviation and entrepreneurship.
The appointment of Mr. Slattery as Chair follows significant progress
for the business on its path to commercialise zero emissions air travel. Vertical recently strengthened its balance sheet by $180 million
including securing $50 million of new committed funding. Vertical also became the second company in the world to achieve piloted thrustborne
flight with a full-scale vectored thrust eVTOL aircraft.
Stephen Welch, the outgoing Chairman, will continue to serve on the
Vertical Board as a non-executive director.
Dómhnal Slattery, Vertical
Chairman, said: "Vertical is leading one of the most transformative shifts in aviation history, driving the transition
to zero-emissions flight. I am excited to re-join the business at such a pivotal time. We have the team, technology and vision to pioneer
electric aviation and deliver on our ambition to be the world’s leading eVTOL company by the end of the decade."
Stuart Simpson, CEO at Vertical Aerospace,
said: "Dómhnal’s remarkable track record of founding and scaling world-class businesses positions him
perfectly to guide Vertical’s journey. His leadership, understanding of capital markets and deep industry expertise will be invaluable
as we accelerate towards achieving our Flightpath 2030 goal of becoming the global leader in the eVTOL sector."
-Ends-
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering
electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical’s VX4 is a piloted, four passenger,
Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical combines partnering with leading aerospace
companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the
world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of the VX4, with customers across
four continents, including American Airlines, Japan Airlines, GOL and Bristow. Headquartered in Bristol, the epicentre of the
UK’s aerospace industry, Vertical’s experienced leadership team comes from top tier automotive and aerospace companies
such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and
military aircraft and propulsion systems.
For more information:
Justin Bates, Head of Communications
justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs
samuel.emden@vertical-aerospace.com +447816 459 904
Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this Form 6-K that are not
statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding anticipated
Board changes, as well as statements that include the words “expect,” “intend,” “plan,” “believe,”
“project,” “forecast,” “estimate,” “may,” “should,” “anticipate,”
“will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements
of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are
not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements
as a result of a number of factors, including, without limitation, the important factors discussed under the caption “Risk Factors”
in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14,
2024, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements
contained in this Form 6- K speak only as of the date hereof and accordingly undue reliance should not be placed on such statements.
the Company disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this Form 6-K,
whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
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