tiprankstipranks
Trending News
More News >

Lilium Faces Nasdaq Delisting and Insolvency Proceedings

Story Highlights
Lilium Faces Nasdaq Delisting and Insolvency Proceedings

Confident Investing Starts Here:

Lilium ( (LILMF) ) just unveiled an announcement.

On October 28, 2024, Lilium N.V. received a notice from Nasdaq about the suspension of its Class A ordinary shares and warrants, leading to their trading over-the-counter starting November 6, 2024. The delisting process is set to conclude with a Form 25 filing on March 21, 2025, marking a significant shift in the company’s market presence. Additionally, insolvency proceedings began in January 2025 in Germany, with no expected distributions to shareholders, indicating financial distress and potential implications for stakeholders.

More about Lilium

Lilium N.V. operates in the aviation industry, focusing on the development of electric vertical take-off and landing (eVTOL) aircraft. The company aims to revolutionize regional air mobility with its innovative air taxi services.

YTD Price Performance: -68.18%

Average Trading Volume: 6,866,360

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $44.37M

For detailed information about LILMF stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App