Lilium (LILM) has released an update.
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Lilium N.V., the German eVTOL company, has hit a snag as Germany’s budget committee declined to approve a €50 million guarantee for a planned €100 million convertible loan from KfW. Despite this setback, Lilium is in talks with Bavaria for potential backing. Investors are watching closely as these developments could impact Lilium’s financial strategies and market position.
For further insights into LILM stock, check out TipRanks’ Stock Analysis page.