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By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, providing the cash-strapped air-taxi maker with financial breathing room.
Plan strategically Although we may not see the dip in enrollment that some are expecting, even modest declines may add financial pressure to institutions on top of what many are already facing due to high fixed costs, student debt aversion, high competition, and a variety of other complications.
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