Lilium (LILM) announces upsized $192M financing
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Go back to Lilium (LILM) announces upsized $192M financing
July 14, 2023 7:00 AM EDT
Financing sees meaningful insider participation and is incremental to $100 million received in May
MUNICH, Germany, July 14, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (Lilium or the Company), developer of the first all-electric vertical take-off and landing jet, announced a $192 million financing, including the pricing of an upsized $75 million underwritten public offering of 57,692,308 of the Company's Class A ordinary shares (the Shares), as well as a concurrent $42 million private placement of 32,146,147 Shares and warrants to purchase 8,036,528 Shares led by Earlybird Venture Capital and including BIT Capital, UVC Partners, and Frank Thelen,... More
July 13, 2023 4:46 PM EDT
MUNICH, Germany, July 13, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (Lilium or the Company), developer of the first all-electric vertical take-off and landing jet, announced today that it has launched an underwritten public offering of the Company's Class A ordinary shares (the Shares), as well as a concurrent private placement offering of Shares and warrants to purchase Shares led by Earlybird Venture Capital and including BIT Capital, UVC Partners and Frank Thelen, as well as multiple Lilium Board members and senior executives (the PIPE). In addition, pursuant to the purchase agreement dated May 1, 2023... More
