Core Viewpoint - A class action lawsuit has been filed against Lilium N.V. and certain officers for alleged violations of federal securities laws during the Class Period from June 11, 2024, to November 03, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [3]. - Specific allegations include overstating the progress of fundraising activities, the likelihood of obtaining sufficient funding, and failing to disclose imminent insolvency [3]. Group 2: Legal Process - Investors who suffered losses in Lilium have until January 06, 2025, to request to be appointed as lead plaintiff in the case [4]. - The law firm operates on a contingency fee basis, meaning they will only recover costs if successful in the lawsuit [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm specializing in securities fraud class actions and has recovered hundreds of millions for investors [6].

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Lilium N.V. (“Lilium” or the “Company”) (NASDAQ:LILM) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Lilium securities between June 11, 2024 and November 3, 2024, both dates inclusive (the “Class Period”). Investors have unt ...

Core Insights - Lilium N.V. has appointed KPMG to manage a structured M&A process, with initial investor briefings set to commence soon [1] - The local court has approved the insolvency filings of Lilium's German subsidiaries, allowing for self-administration aimed at preserving the business [2] - The management team remains in charge during the restructuring process, supported by experienced restructuring experts [3] Restructuring and Management - The court has appointed Prof. Dr. Gerrit Hölzle and Dr. Thorsten Bieg as Chief Insolvency Officers (CIOs) to oversee the reorganization of Lilium's German subsidiaries [3] - Ivo-Meinert Willrodt has been appointed as the provisional custodian to protect creditor interests during the proceedings [4] - Lilium's CEO has expressed confidence in the restructuring efforts, emphasizing a focus on securing fresh investment for the Lilium Jet's certification and entry into service [5] Program Development - The first two Lilium Jets are in the final assembly stage, with the first aircraft having completed initial low-voltage power-on and moving towards ground testing [6] - The fuselage and wings of a third aircraft are currently being assembled, with significant progress made in structural testing for the first manned flight [6] - Lilium has a current order pipeline of over 780 Lilium Jets, with interest from operators across multiple regions including the U.S., South America, Europe, Asia, and the Middle East [7] Trading and Market Position - NASDAQ has notified Lilium that trading of its shares and warrants will be suspended starting November 6, which may lead to lower trading volumes and potential price depreciation [8] - The Board of Directors has authorized the filing for insolvency for Lilium's listed entity, indicating a significant step in the restructuring process [9]

Group 1 - Lilium N.V. (LILM) has experienced significant selling pressure, resulting in an 82% loss over the past four weeks, but analysts expect better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by a Relative Strength Index (RSI) reading of 17.96, suggesting a potential for a price rebound [3] - There has been a 4.1% increase in the consensus EPS estimate for LILM over the last 30 days due to a strong agreement among sell-side analysts, which typically correlates with price appreciation [3] Group 2 - LILM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [3]

A downtrend has been apparent in Lilium N.V. (LILM) lately with too much selling pressure. The stock has declined 81.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, f ...

Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.The aerospace startup's shares plunged more than 63% following the news.In a U.S. regulatory filing, Lilium — which is listed on the Nasdaq — said it had not been able to raise sufficient additional funds to continue the operations of Lilium GmbH and Lilium eAircraft GmbH, the firm's two main subsidiaries.As a result, the heads of these subsidiaries "deter ...

Two companies combining their flight data and analytics platforms to inform eVTOL flight safety standardsLilium to deploy GE technology to all Lilium Jet operators, starting with Lilium’s own flight test campaignGE Aerospace’s Event Measurement System (EMS) is used globally by 60 airlines and more than 500 business jet operators LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircr ...

Financing Issues - Lilium announced that it would not receive a loan guarantee from the German federal government, leading to a significant drop in its stock price by over 21% [1] - The company revealed in a regulatory filing that the German parliament's budget committee would not approve a guarantee for 50 million euros ($54 million) of a 100 million-euro ($109 million) convertible bond issue [2] - Lilium is currently negotiating with Bavaria to secure at least 50 million euros for the bond issue [2] Product Development - Lilium aims to commercialize its Lilium Jet, an electric vertical takeoff and landing (eVTOL) aircraft designed for passenger and cargo transport [3] - The company recently completed the first systems power-on of the Lilium Jet during live testing, confirming that the aircraft is being built according to its platform design and that the flight systems are functioning correctly [3] Market Potential and Speculation - The Lilium Jet has the potential to revolutionize mobility, but it also faces the risk of being a speculative investment that may not achieve widespread adoption [3] - Continued struggles with financing could make Lilium less attractive to investors [3]

Core Insights - Lilium N.V. has achieved a significant milestone by completing the first systems power-on of its all-electric Lilium Jet, MSN 1, which is crucial for the upcoming piloted flight planned for early 2025 [1][3] - The second aircraft, MSN 2, is in final assembly and will be the first to fly with a pilot on board [1][3] - Lilium aims to fly a total of six test aircraft leading up to type certification and entry into service targeted for 2026 [3] Technical Details - The power-on process involves applying high-voltage (900 Volts) to the aircraft, which is then converted to supply low-voltage electrical and avionics systems, including cockpit display and flight controls [2] - The successful power-on milestone is part of the customary acceptance test procedure used in conventional commercial aircraft manufacturing [2] Production and Testing - MSN 1 will serve as Lilium's lab test aircraft, or "ironbird," to demonstrate safety and compliance with airworthiness requirements [3] - The first phase of electrical integration testing has been completed successfully, testing core functionalities such as high voltage distribution and health reporting [4] Company Overview - Lilium is focused on creating a sustainable mode of high-speed regional transportation using its all-electric vertical take-off and landing jet, which aims for zero operating emissions [5] - The company has a strong team of over 1,000 employees, including approximately 500 aerospace engineers, and is headquartered in Munich, Germany [5]

Houston-based aircraft brokerage EMCJET will showcase the Lilium Jet for the very first time in the U.S. at Galaxy FBO Galaxy FBO is partnering with Lilium to ensure accessibility for the Lilium Jet at their Houston-area facilities – Houston Hobby Airport, Conroe North Houston Regional Airport, and The Woodlands Heliport Lilium is collaborating with The Greater Houston Partnership to host a discussion with industry leaders on how electric aviation will revolutionize regional travel in the Houston area HOUST ...