Lilium N.V (LILM) Prices $114M Financing

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Go back to Lilium N.V (LILM) Prices $114M Financing

Lilium Announces Pricing of $114 Million Financing

May 24, 2024 8:36 AM EDT

MUNICH, Germany, May 24, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM) (Lilium or the Company), developer of the first all-electric vertical take-off and landing (eVTOL) jet and global pioneer in Regional Air Mobility (RAM), announced a $114 million financing, including the pricing of a $40 million underwritten public offering of 38,095,238 of the Company's Class A ordinary shares (the Shares) and warrants to purchase 38,095,238 Shares (the Warrants and, together with the Shares, the Securities), as well as a concurrent $50 million private placement of 47,573,111 Shares and warrants to purchase 47,573,111 Shares (PIPE Warrants and, together with the PIPE Shares, the PIPE Securities)... More