Broadstone Acquisition Corp.
New York Stock ExchangeRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Broadstone Acquisition Corp. is a special purpose acquisition company established to combine with a fundamentally sound business with significant growth prospects. The company focuses on investment opportunities where there is an established offering and market need, or where businesses face limitations in capitalizing on growth due to balance sheet constraints. Founded by experienced entrepreneurs Hugh Osmond, Edward Hawkes, and Marc Jonas, the company takes an active operational role to unlock value and drive performance improvements. Its earlier activities included financial structuring and portfolio management in retail and real estate sectors. In a major strategic move completed in December 2021, Broadstone Acquisition Corp. merged with Vertical Aerospace Group Ltd., an emerging leader in electric vertical take-off and landing (eVTOL) aircraft. This transaction positioned Vertical Aerospace as a publicly traded company on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace specializes in pioneering zero-emission aviation solutions, with its flagship product being the VX4 eVTOL aircraft, designed to achieve speeds up to 200 mph with zero operating emissions. The merger included a significant funding raise of over $300 million, supported by industry leaders such as American Airlines and Rolls-Royce, underscoring its strategic importance in the sustainable aviation sector. Following the merger, Broadstone Acquisition Corp. transitioned from its SPAC role, with Vertical Aerospace focusing on the development and commercialization of electric aircraft targeting certification and commercial flights in the mid-2020s. The combined entity leverages Broadstone's strong investment and operational expertise and Vertical Aerospace's technological innovations to advance in the electric aviation industry. Broadstone's earlier business context includes industrial-focused real estate investment activities through Broadstone Net Lease, a related entity investing in single-tenant commercial properties across the U.S., focusing on industrial, retail, and healthcare sectors. This segment has made substantial investments exceeding several hundred million dollars in property acquisitions and build-to-suit developments, reflecting its diversified asset base and growth orientation. In summary, Broadstone Acquisition Corp., founded in the UK and headquartered with operations extending in the U.S. and aviation sectors, now functions primarily as the public vehicle for Vertical Aerospace’s electric aviation innovation following their 2021 business combination and capital raise. The company represents a strategic bridge between experienced investment management and cutting-edge sustainable technology development in aerospace.
Jill Winther, BSN, RN, OCN, NPD-BC, wins Extraordinary Healer® award
BSN CAPITAL PARTNERS Ltd Sells 992,997 Shares of Amazon.com, Inc. $AMZN
Howard Community College Announces Historic Apparel Partnership with Nike, BSN Sports
Vertical Aerospace recruits new COO from Rolls-Royce
Vertical hires renowned test pilot as it enters next phase of development
Vertical Aerospace Announces Marubeni Corporation's Pre-order Option for up to 200 Aircraft and Signs MoU to Explore the Introduction of eVTOL Aircraft in Japan
Vertical Aerospace: A Strong Contender In The eVTOL Market
Electric Flying Taxi Start-Up Vertical Aerospace Likely To Make Founder A Billionaire After SPAC Merger
Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave
Vertical Aerospace Announces Intention to become Publicly Traded Company via Merger with Broadstone Acquisition Corp.