SPAC

Vertical Aerospace Secures $205 Million Toward eVTOL Development

Vertical Aerospace says it has received an additional $205 million in funding to support the development and certification of its VA-X4 electric vertical takeoff and landing (eVTOL) aircraft. The news comes as Vertical awaits a merger with special purpose acquisition company (SPAC) Broadstone Acquisition Corp., which would make it the fourth eVTOL company to go […]

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Shareholders Approve Lilium Merger

Air taxi developer Lilium will officially launch on the Nasdaq stock exchange on September 15, the company said, after shareholders of special purpose acquisition company (SPAC) Qell Acquisition Group approved a merger Friday. “We are thrilled that Qell shareholders have chosen to support our vision to accelerate the decarbonisation of air travel and will join […]

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Pilot in aircraft
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