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- Vertical Aerospace (NYSE:EVTL) announced on Monday a one-for-ten (1:10) reverse share split of its issued and unissued ordinary shares and preferred shares, par value $0.0001 per share.
- The reverse share split will become effective on September 20 and the company’s ordinary shares will begin trading on a split-adjusted basis when the New York Stock Exchange opens for trading on Monday, September 23, under the existing trading symbol “EVTL”.
- The reverse share split is intended to increase the per-share trading price of the ordinary shares to enable the company to regain compliance with the minimum share price criteria of NYSE’s listing standards.
