Lilium Announces Pricing of $119M Capital Raise with Investment from Largest Shareholders, Key Strategic Partners, CEO, and Board Members to Fund Continued Development of New Electric Aircraft
MUNICH, Germany, Nov. 18, 2022 (GLOBE NEWSWIRE) — Lilium N.V. (Nasdaq:LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced the pricing of a $119 million capital raise from existing shareholders, new investors, and strategic partners. Participants include Honeywell and Aciturri as well as LGT and its affiliated impact investor Lightrock, Tencent, B. Riley Securities and certain affiliates thereof. Lilium’s new CEO, Klaus Roewe, as well as three additional board members, Barry Engle, David Wallerstein and Niklas Zennström, are also participating.
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