Lilium (LILM) has released an update.
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Lilium N.V. is facing financial challenges as its German subsidiaries are set to file for insolvency due to insufficient funds, risking delisting from Nasdaq and potentially impacting shareholder investments. The company is exploring self-administration proceedings in Germany, which may enable a structured restructuring process under court supervision. These developments raise significant concerns about the future liquidity and trading conditions of Lilium’s shares.
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