MUNICH, Nov. 01, 2024 — Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), announced on October 29, 2024, that it had received a notice from Nasdaq. This notice followed the filing of insolvency applications by Lilium GmbH and Lilium eAircraft GmbH, its principal operating German subsidiaries, in the Weilheim court. The notice stated that trading of Lilium’s Class A ordinary shares and warrants will be suspended on November 6, 2024, and the company will be delisted from Nasdaq. The delisting is due to concerns related to the subsidiaries’ insolvency filings. Lilium has until November 4, 2024 to appeal this decision.
Lilium Contact information for media:
Rainer Ohler
+49 1724890353
Rainer.ohler@seniorstrategists.com
press@lilium.com
Lilium Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is developing a sustainable and accessible high-speed transportation system for people and goods. The company’s electric vertical take-off and landing jet, the Lilium Jet, is designed for high capacity, low noise, and zero operating emissions. Lilium is collaborating with aerospace, technology, and infrastructure leaders. It has announced sales and expressions of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia. Lilium’s team of over 1,000 includes approximately 500 aerospace engineers, with leadership experienced in delivering successful aircraft. Founded in 2015, Lilium’s headquarters and manufacturing facilities are located in Munich, Germany, with teams across Europe and the U.S. Visit www.lilium.com for more information.
Lilium Forward Looking Statements
This press release contains forward-looking statements regarding the suspension of trading of the Company’s ordinary shares and warrants on Nasdaq, the delisting of the Company’s securities from Nasdaq, and the trading market for the Company’s ordinary shares. These statements involve risks and uncertainties. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include (but are not limited to) risks relating to the Subsidiaries’ self-administration proceedings, as well as those risks and uncertainties discussed in Lilium’s filings with the SEC, including in the section titled “Risk Factors” in Exhibit 99.2 of the Report on Form 6-K filed by Lilium with the SEC on July 17, 2024 and in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and Lilium assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
