Vertical Aerospace Ltd. (EVTL) is an aerospace and technology company that engages in designing, manufacturing, selling, and servicing electric aircraft. It recently completed its business combination and began trading on December 16, merging with a special purpose acquisition company (SPAC), Broadstone Acquisition Corp., raising $300 million to fund operations.
The stock has lost 18.5% over the past six months to close yesterday’s trading session at $8.09. In addition, it is currently trading 56.1% below its 52-week high of $18.44, which it hit on December 22, 2021.
