 |
ICR Inc. handles US media surrounding UK-based Vertical Aerospace in its $2.2B SPAC deal engineered with Broadstone Acquisition to become a New York Stock Exchange-listed company.
As a leader in the electric Vertical Take-Off and Landing (eVTOL) aircraft market, Vertical’s goal is to make air travel carbon-free, personal and on-demand.
Stephen Fitzpatrick, who launched Vertical in 2016, said, “electrification will transform flying in the 21st century in the same way that jet engines did 70 years ago.”
His company has pre-orders worth $4B for 1,000 eVTOL aircraft from American Airlines and Avolon, along with a pre-order option from Virgin Atlantic.
American Airlines has agreed to work with VA on passenger operations and infrastructure development in the US. Vertical will partner with Virgin Atlantic for a VA-branded eVTOL network in the UK.
American Airlines, Microsoft, Rolls-Royce, Avolon and Honeywell have invested in Vertical.
ICR has Phil Denning and Dan McDermott working the media for Vertical, while Edelman’s Iain Dey and Raeesa Chowdhury-King represent Broadstone.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
