SCHEDULE: Saba Capital Discloses 6.77% Stake in Vertical Aerospace

Saba Capital Management, L.P. and affiliates have disclosed a 6.77% beneficial ownership stake in Vertical Aerospace Ltd., totaling 8,263,857 shares.

Summary

• Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein (the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G.
• The Reporting Persons collectively beneficially own 8,263,857 shares of Vertical Aerospace Ltd.'s Common Shares, $0.001 par value, and Warrants.
• This aggregate amount represents 6.77% of the class of securities outstanding.
• The ownership calculation is based on 122,126,286 shares outstanding, which includes 99,787,293 Ordinary Shares and 22,338,993 Warrants, as disclosed in Vertical Aerospace's 424B3 (Prospectus) filed on January 8, 2026.
• The beneficially owned shares include 4,097,857 ordinary shares, 2,083,000 Ordinary Shares Underlying Tranche A Public Warrants, and 2,083,000 Ordinary Shares Underlying Tranche B Public Warrants.
• The filing states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of beneficial ownership. The presence of a significant institutional investor like Saba Capital Management holding over 5% of the company's shares can be interpreted as a moderately positive signal of investor confidence or strategic interest, without implying any operational performance.

Positives

• A significant institutional investor, Saba Capital Management, L.P., has disclosed a substantial 6.77% stake in Vertical Aerospace Ltd., indicating institutional interest in the company.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing indicates continued institutional investor interest in companies within the advanced air mobility or electric vertical take-off and landing (eVTOL) sector, represented by Vertical Aerospace Ltd. The disclosure of a significant stake by a hedge fund like Saba Capital can be a signal of perceived value or strategic positioning within this emerging industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may influence investor perception and potentially the stock's trading dynamics, signaling institutional confidence or strategic interest in Vertical Aerospace Ltd.

Key Dates

Keywords

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