Vertical Aerospace to go public via merger with Broadstone Acquisition Corp.

Vertical Aerospace, a UK eVTOL aircraft developer, has entered a definitive agreement to merge with SPAC Broadstone Acquisition Corp., with a pro forma equity value of $2.2 billion, expected to close in H2 2021.

“Vertical Aerospace has entered into a definitive agreement for a business combination with Broadstone Acquisition Corp.”vertical-aerospace.com

• 3 sources
• vertical-aerospace.comVertical Aerospace Announces Intention to become Publicly Traded Company via Merger with Broadstone Acquisition Corp. · Vertical AerospaceJun 10, 2021
• prnewswire.co.ukVertical Aerospace Announces Intention to become Publicly Traded Company via Merger with Broadstone Acquisition Corp.Broadstone Acquisition Corp.Jun 10, 2021
• sec.govJun 11, 2021

Summarized from public sources; check the original articles before acting on it.