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Lilium ( (LILMF) ) has provided an announcement.
Lilium N.V. has announced that its key subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, have filed for insolvency in Germany, entering self-administration proceedings. Despite ongoing insolvency proceedings and the termination of approximately 200 employee contracts, Lilium is continuing its financial restructuring efforts through a KPMG-led M&A process, aiming to attract investors interested in its assets or business. The company remains focused on securing its future operations and maintaining business continuity through successful investor negotiations.
More about Lilium
Lilium N.V. is a company in the aviation industry, focusing on the development and manufacturing of electric vertical takeoff and landing (eVTOL) aircraft. It is engaged in creating innovative flying solutions that aim to transform regional air mobility.
YTD Price Performance: -88.73%
Average Trading Volume: 16,150,520
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $84.62M
Find detailed analytics on LILMF stock on TipRanks’ Stock Analysis page.