Vertical Aerospace Ltd. (EVTL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
EVTL currently has 102M outstanding shares. with significant dilution risk as 480M authorized shares could dilute existing holders by 472.7%. The company has significantly diluted shareholders by 46.1% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 18, 2026 |
F-3 filing: Vertical Aerospace Ltd. is registering the resale of up to 64,432,326 ordinary shares by selling securityholders, including shares issuable under an equity line of credit and shares issuable upon conversion of or as PIK interest on senior secured notes. |
100M | 480M |
| Mar 24, 2026 |
20-F filing | 101.6M shares outstanding |
100M | 420M |
| Dec 29, 2025 |
F-3 filing: Vertical Aerospace Ltd. is offering up to $200,000,000 in the aggregate of its ordinary shares, preferred shares, warrants to subscribe for ordinary shares, rights to subscribe for ordinary shares and units consisting of any combination of the other types of securities. |
70M | 420M |
| May 13, 2025 |
F-3 filing: Vertical Aerospace Ltd. is offering ordinary shares, preferred shares, warrants, rights, and units up to an aggregate amount of $200,000,000. |
70M | 380M |
| Mar 11, 2025 |
20-F filing | 69.5M shares outstanding |
70M | 340M |
| Feb 07, 2025 |
F-3 filing: This F-3 filing relates to the resale of ordinary shares by selling securityholders, the issuance of ordinary shares upon exercise of warrants. |
220M | 340M |
| Mar 14, 2024 |
20-F filing | 221.2M shares outstanding |
220M | 210M |
| Nov 09, 2023 |
F-3 filing: Vertical Aerospace Ltd. is offering ordinary shares, preferred shares, warrants, rights, and units up to an aggregate amount of $180,000,000. |
210M | 210M |
| Mar 22, 2023 |
20-F filing | 214.2M shares outstanding |
210M | 20M |
| Mar 22, 2023 |
F-3 filing: This F-3 filing relates to the potential redemption of warrants for ordinary shares and also covers the potential sale of securities by selling securityholders, who may be considered underwriters. |
210M | 20M |
| Aug 10, 2022 |
POS AM filing: This POS AM filing registers for resale 240,154,769 Ordinary Shares and 4,000,000 Convertible Notes Warrants. |
210M | 20M |
| Aug 10, 2022 |
POS AM filing: This POS AM filing relates to the potential issuance of ordinary shares upon the exercise of outstanding warrants, with each warrant entitling the holder to purchase one ordinary share at an exercise price of $11.50. The company may receive up to $175.5 million if all warrants are exercised for cash and intends to use the proceeds for general corporate purposes. |
210M | 20M |
| Aug 08, 2022 |
F-1 filing: Vertical Aerospace Ltd. is offering up to 20,000,000 Ordinary Shares through an equity line with Nomura Securities International, Inc., potentially raising up to $100 million for working capital and general corporate purposes. |
210M | 280M |
| May 02, 2022 |
POS AM filing: This is a POS AM filing registering for resale Ordinary Shares and Convertible Notes Warrants by Selling Securityholders and the Convertible Senior Secured Notes Investor. |
210M | 260M |
| May 02, 2022 |
F-1 filing: This F-1 filing outlines the offering of various securities including PIPE shares, sponsor shares, VAGL shares, ordinary shares received by loan note holders, ordinary shares received by American, warrant shares, convertible senior secured shares, and ordinary shares issuable upon exercise of warrants. |
210M | 260M |
| Apr 29, 2022 |
20-F filing | 209.1M shares outstanding |
210M | 250M |
| Jan 18, 2022 |
F-1 filing: This F-1 filing registers for resale 242,424,783 Ordinary Shares by Selling Securityholders and up to 4,000,000 Convertible Notes Warrants by the Convertible Senior Secured Notes Investor, with each warrant entitling the holder to purchase one Ordinary Share at $11.50. |
N/A | 250M |