<SEC-DOCUMENT>0001104659-25-022560.txt : 20250424
<SEC-HEADER>0001104659-25-022560.hdr.sgml : 20250424
<ACCEPTANCE-DATETIME>20250311160821
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-25-022560
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vertical Aerospace Ltd.
		CENTRAL INDEX KEY:			0001867102
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT [3721]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		UNIT 1 CAMWAL COURT
		STREET 2:		CHAPEL STREET
		CITY:			BRISTOL
		STATE:			X0
		ZIP:			BS2 0UW
		BUSINESS PHONE:		44 7799310595

	MAIL ADDRESS:	
		STREET 1:		UNIT 1 CAMWAL COURT
		STREET 2:		CHAPEL STREET
		CITY:			BRISTOL
		STATE:			X0
		ZIP:			BS2 0UW
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Vertical Aerospace Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Unit 1 Camwal Court, Chapel Street<BR>
Bristol BS2 0UW<BR>
United Kingdom<BR>
+44 117 471-0150</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">March&nbsp;11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>VIA EDGAR AND E-MAIL</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Washington, D.C. 20549-6010</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in">Attention:</TD><TD STYLE="text-align: justify">Evan Ewing</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">Jay Ingram</TD></TR>
                                                                                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                    <TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Re:</B></FONT></TD><TD STYLE="text-align: justify"><B>Vertical
                                            Aerospace Ltd.</B></TD></TR>
                                                                                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify"><B>Registration Statement on Form&nbsp;F-3</B></TD></TR>
                                                                                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify"><B>Filed February&nbsp;7, 2025</B></TD></TR>
                                                                                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify"><B>File No.&nbsp;333-284763</B></TD></TR>
                                                                                                                    </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the addressees set forth above:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On behalf of Vertical Aerospace
Ltd. (the &ldquo;<B><I>Company</I></B>&rdquo;), we have set forth below our response to the comment of the staff (the &ldquo;<B><I>Staff</I></B>&rdquo;)
of the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) contained in its comment letter dated February&nbsp;20,
2025 with respect to the Registration Statement on Form&nbsp;F-3 (File No.&nbsp;333-284763), filed with the Commission on February&nbsp;7,
2025 (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;). An electronic version of the Company Pre-Effective Amendment No.&nbsp;1
(&ldquo;<B><I>F-3/A No.&nbsp;1</I></B>&rdquo;) to the Registration Statement, which has been revised to address the Staff&rsquo;s comment
to the Registration Statement, has been concurrently filed with the Commission through its EDGAR system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For your convenience, the
text of the Staff&rsquo;s comment is set forth below in bold and italics, followed by the Company&rsquo;s response. Unless otherwise
indicated, capitalized terms used herein have the meanings assigned to them in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Registration Statement on Form&nbsp;F-3</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>General</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>1.</I></B></TD><TD STYLE="text-align: justify"><B><I>We note that this
                                            Form&nbsp;F-3, among other things, constitutes a post-effective amendment to a Form&nbsp;F-3
                                            (File No.&nbsp;333-275430), initially declared effective on November&nbsp;16, 2023, yet you
                                            have omitted the disclosure required by the form and Regulation S-K as it pertains to that
                                            offering. Please revise the registration statement to include the full information that currently
                                            would be required in a prospectus relating to all offerings that it covers. Refer to Rule&nbsp;429
                                            under the Securities Act of 1933, as amended.</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>Response:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company acknowledges the Staff&rsquo;s
comment and respectfully advises the Staff that it has amended the prospectus included in the Registration Statement to supplement the
disclosures therein to include the following (with page&nbsp;numbers referring to the F-3/A No.&nbsp;1) in respect of the ordinary shares
issuable upon exercise of the Tranche&nbsp;A Warrants and the Tranche&nbsp;B Warrants, which ordinary shares were initially registered
under the Prior Registration Statements in connection with an offering of Units of the Company (each Unit consisting of (i)&nbsp;one
ordinary share of the Company, (ii)&nbsp;one-half of one Tranche&nbsp;A Warrant to purchase one ordinary share and (iii)&nbsp;one-half
of one Tranche&nbsp;B Warrant to purchase one ordinary share) pursuant to the prospectus supplement dated January&nbsp;22, 2025, and
are being transferred to the Registration Statement pursuant to Rule&nbsp;429 under the Securities Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Cover
                                            page&nbsp;and page&nbsp;9: Reason for the Offer and Use of Proceeds (Form&nbsp;F-3 Item 4;
                                            Form&nbsp;20-F Item 3.C);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Page&nbsp;7:
                                            Risk Factors (Form&nbsp;F-3 Item 3; Regulation S-K Item 105);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Pages&nbsp;10-12:
                                            Dilution (Form&nbsp;F-3 Item 4; Form&nbsp;20-F Item 10.E);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Pages&nbsp;25-27:
                                            Description of Securities Other than Equity Securities (Form&nbsp;F-3 Item 4; Form&nbsp;20-F
                                            Item 12)<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Pages&nbsp;30-34:
                                            Taxation (Form&nbsp;F-3 Item 4; Form&nbsp;20-F Item 10.E); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Page&nbsp;40:
                                            Expenses of the issue (Form&nbsp;F-3 Item 4; Form&nbsp;20-F Item 9.F).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Furthermore, the Company respectfully
advises the Staff that it has updated its disclosure included in the Registration Statement under the section entitled &ldquo;<I>Capitalization</I>&rdquo;
(addressing Form&nbsp;F-3 Item 4; Form&nbsp;20-F Item 3.B) to include actual values as of December&nbsp;31, 2024..</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">* &#8239;&#8239;&#8239;*
 &#8239;&#8239;&#8239;* &#8239;&#8239;&#8239;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="vertical-align: super; width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT></TD><TD STYLE="text-align: justify">Although
                                            the Tranche&nbsp;A Warrants and the Tranche&nbsp;B Warrants themselves are not being offered
                                            by the Registration Statement, information regarding the terms of the Tranche&nbsp;A Warrants
                                            and the Tranche&nbsp;B Warrants, each of which constitute registered securities, could be
                                            relevant to investors in respect of the issuance and sale of the ordinary shares underlying
                                            the Tranche&nbsp;A Warrants and the Tranche&nbsp;B Warrants.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hope that the foregoing
has been responsive to your comments. Please do not hesitate to contact me by telephone at +44 117 471-0150 with any questions or comments
regarding this correspondence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD></TD>
    <TD>&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: left">Very truly yours,</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD>
    <TD>&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD>
    <TD>&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: left"><B>Vertical Aerospace Ltd.</B></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD>
    <TD>&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left">By:</TD><TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/
                                            Stuart Simpson</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 5%"></TD>
    <TD STYLE="width: 45%">&nbsp;</TD><TD STYLE="text-align: left; width: 5%">&nbsp;</TD><TD STYLE="text-align: justify; width: 5%">Name:</TD>
                                                          <TD STYLE="text-align: justify; width: 40%">Stuart Simpson</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">Title:</TD>
                                                           <TD STYLE="text-align: justify">Chief Executive Officer</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
<TD>cc:</TD>
    <TD>(via email)<BR> Sanjay Verma, Vertical Aerospace Ltd.<BR> Robbie McLaren, Latham&nbsp;&amp; Watkins (London) LLP<BR> David Stewart,
    Latham&nbsp;&amp; Watkins (London) LLP</TD>
    <TD>&nbsp;</TD>
<TD COLSPAN="2">&nbsp;</TD></TR></TABLE>

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