Lilium (LILM) announces upsized $192M financing
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Lilium N.V (LILM) Prices Upsized $192 Million Financing
July 14, 2023 7:01 AM EDTLilium 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, as well as multiple Lilium board members and senior executives (the PIPE). Additionally, pursuant to the purchase agreement dated May 1, 2023, between the Company and Aceville... More
Lilium N.V (LILM) Announces Share Offering
July 13, 2023 4:47 PM EDTLilium N.V. (Nasdaq: LILM) 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 between the Company and Aceville Pte. Limited, an affiliate of Tencent Holdings Limited (Aceville), Aceville will fund an additional $75.0 million to partially... More
