Lilium Announces Pricing of Upsized $192 Million Financing

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Lilium (LILM) announces upsized $192M financing

July 14, 2023 10:27 AM EDT

German aerospace company, Lilium (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, announced Friday a $192 million financing.

The financing includes an upsized underwritten public offering of $75 million, which involves the pricing of 57,692,308 Class A ordinary shares of the company. Secondly, there is a... More