Articles from BETA Technologies, Inc.

BETA Technologies, Inc., an electric aerospace company (“BETA,” “we,” or the “Company”), today announced that it has launched an initial public offering of 25,000,000 shares of its Class A common stock, par value $0.0001 per share, at an anticipated initial offering price between $27.00 and $33.00 per share pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). In addition, BETA intends to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The Company has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “BETA.”

BETA Technologies, Inc., an electric aerospace company based in Vermont, has raised $318 million in Series C equity capital. QIA led the raise and several of BETA’s largest investors, including Fidelity Management & Research Company and TPG Rise Climate increased their ownership in BETA. Longtime customer United Therapeutics has also joined this round as an investor. The financing round was priced at an increased valuation relative to prior equity capital raises and was meaningfully oversubscribed. To date, BETA has raised more than $1 billion in equity capital.