Lilium N.V. Class A Ordinary Shares

LILM

Market cap $32.9M

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM, LILMW) investors concerning the Company's possible violations of federal securities laws. On October 24, 2024, Lilium disclosed that it had been unable to secure government funding for two of its German subsidiaries, and had not been able to raise sufficient additional funds to continue operations. As a result, the managing directors of th.

German air-taxi maker Lilium , which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options.

MUNICH, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), announces that it has appointed KPMG to conduct an open, transparent and fair M&A process. First investor briefings will start soon.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM, LILMW) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On October 24, 2024, Lilium disclosed that it had been unable to secure government funding for two of its German subsidiaries, and had not been able to raise sufficient additi.

German air-taxi maker Lilium said on Monday it would file for insolvency "soon", after efforts to solve its cash-crisis failed to yield results.

MUNICH, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (the “Company” or “Lilium”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), on Tuesday, October 29, 2024, announced in a Form 6-K filed with the Securities and Exchange Commission that the Company received a written notice from the staff of the Nasdaq Listing Qualifications Department (the “Staff”) on October 28, 2024, following the applications of Lilium GmbH and Lilium eAircraft GmbH, the principal operating wholly-owned German subsidiaries of Lilium (the “Subsidiaries”), for insolvency in the local court of Weilheim in Germany and self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code, notifying the Company that, in accordance with Nasdaq Listing Rule 5101, the trading of the Company's Class A ordinary shares and warrants will be suspended at the opening of business on November 6, 2024, and a Form 25 Notification of Delisting will be filed with the U.S. Securities Exchange Commission (the “SEC”) to delist the Company's securities from the Nasdaq Global Select Market (“Nasdaq”).

Qell Acquisition (LILM) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

The heavy selling pressure might have exhausted for Qell Acquisition (LILM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

German flying taxi company Lilium, once valued at over £2.5 billion, is on the brink of bankruptcy after the German government blocked crucial funding. Lilium announced it would pursue self-administration, a type of insolvency allowing it to seek buyers or additional funding, after failing to secure two £42 million loan guarantees—one from a state-owned bank and another from the Bavarian government.

Today, air taxi firm Lilium revealed in a U.S. regulatory filing that its two main subsidiaries will file for insolvency in the near future.