SCHEDULE: Saba Capital Discloses 6.64% Stake in Vertical Aerospace

Saba Capital Management, L.P. and affiliates reported a 6.64% beneficial ownership stake in Vertical Aerospace Ltd., totaling 8,115,044 shares.

Summary

• Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein (collectively, the "Reporting Persons") have jointly filed an Amendment No. 4 to Schedule 13G.
• The Reporting Persons beneficially own an aggregate of 8,115,044 Common Shares and Warrants of Vertical Aerospace Ltd.
• This ownership represents 6.64% of the company's class of securities.
• The calculation of the percentage is based on 122,126,286 shares outstanding, which includes 99,787,293 Ordinary Shares and 22,338,993 Warrants, as disclosed in the company's 424B3 (Prospectus) filed on January 8, 2026.
• The beneficially owned amount includes 3,949,044 ordinary shares, 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants.
• The Reporting Persons hold shared voting power and shared dispositive power over all 8,115,044 shares.
• The securities were not acquired or held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. It is a neutral regulatory update.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing, a Schedule 13G, is a beneficial ownership report and does not contain forward-looking statements or guidance from the issuer.

Industry Context

This filing indicates a significant passive investment by Saba Capital Management, a hedge fund known for its event-driven and credit strategies, in Vertical Aerospace, a company operating in the advanced air mobility (AAM) sector. Such disclosures reflect investor interest in the company's equity and warrant structure but do not provide direct insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The disclosure of a significant ownership stake by an institutional investor like Saba Capital Management may be viewed positively by other shareholders as a vote of confidence or an indication of potential future engagement, although the filing states the purpose is not to influence control.
• Company Management: Awareness of a significant institutional shareholder may influence management's strategic considerations, even if the stated purpose is passive investment.

Key Dates

Keywords

Vertical Aerospace, Saba Capital Management, Beneficial Ownership, Schedule 13G, Common Shares, Warrants, Investment, Equity Stake