On December 23, 2024, Vertical Aerospace Ltd. held an Extraordinary General Meeting where shareholders approved increasing the company's authorized share capital from $110,000 to $210,000 and amended its memorandum of association. Additionally, they secured up to $50 million in funding from Mudrick Capital, increasing interest on certain notes to 10-12% and converting approximately $130 million in notes into about 47 million new shares.