SCHEDULE 13G/A: Saba Capital Management Discloses 6.75% Stake in Vertical Aerospace Ltd.

Saba Capital Management, L.P., along with its affiliates and Boaz R. Weinstein, has disclosed a beneficial ownership of 6.75% in Vertical Aerospace Ltd., totaling 8,365,443 common shares.

Summary

• Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Vertical Aerospace Ltd.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 8,365,443 common shares of Vertical Aerospace Ltd.
• This aggregate amount represents 6.75% of the company's outstanding common shares.
• The percentage is calculated based on 124,009,489 Ordinary Shares outstanding, which includes 104,009,489 Ordinary Shares, 7,500,000 Ordinary Shares Underlying Tranche A Public Warrants, 7,500,000 Ordinary Shares Underlying Tranche B Public Warrants, and 5,000,000 Ordinary Shares Underlying Private Warrants, as disclosed in the company's 424B3 (Prospectus) filed on March 27, 2025.
• The beneficial ownership includes 4,199,443 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 and shared dispositive power over all 8,365,443 shares.
• 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, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment firm in a publicly traded company. It reflects an investment position rather than operational or strategic industry trends.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional holder (Saba Capital Management) may influence investor perception and trading activity.

Key Dates

Keywords

Vertical Aerospace Ltd., Saba Capital Management, Boaz R. Weinstein, Schedule 13G, Beneficial Ownership, Common Shares, SEC Filing, Investment, Shareholder