Core Viewpoint - Lilium, UrbanV, and Aéroports de la Côte d'Azur are collaborating to establish a vertiport network in the French Riviera, marking the first region in Europe to enable regional air mobility with Lilium Jet flights expected to commence in 2026 [1][2][4]. Group 1: Partnership and Network Development - The partnership aims to develop a network of vertiports connecting key destinations in Southern France, including Monaco, Nice, Cannes, Golfe de Saint-Tropez, Aix-en-Provence, and Marseille [1][2]. - Lilium is in discussions with local partners to potentially create additional vertiports in Sophia Antipolis, Aix-en-Provence, and Marseille, with conclusions expected by the end of the year [3]. Group 2: Environmental Sustainability - Aéroports de la Côte d'Azur is committed to achieving carbon neutrality by 2030 without offsetting its emissions, and the Lilium Jet's low noise and zero operating emissions align with this goal [5]. - UrbanV's vertiports will support emissions neutrality by developing sustainable ground infrastructure for eVTOLs, ensuring safe and efficient operations [5]. Group 3: Market Potential and Tourism - The Côte d'Azur region attracts over 11 million tourists annually, making it a vital transportation hub for both holiday and business events [4]. - The regional network will provide fast, safe, and sustainable travel options, significantly reducing travel time compared to traditional car journeys [6]. Group 4: Leadership Statements - Franck Goldnadel, Chairman of Aéroports de la Côte d'Azur, emphasized the importance of this collaboration for the transformation and decarbonization of regional air mobility [7]. - Carlo Tursi, CEO of UrbanV, expressed the ambition to become a major global operator of vertiport networks, highlighting the potential of advanced air mobility in the French Riviera [7].

Core Viewpoint - Lilium, a flying electric car company, is raising significant capital through stock sales, but this is leading to substantial shareholder dilution, causing investor concern [5]. Group 1: Capital Raising Activities - Lilium announced plans to sell up to $150 million in stock to a private-equity company, which will resell up to half of these shares [1]. - The company has an order to sell up to 40 eVTOL cars to UrbanLink, which initially boosted investor sentiment and share price [2]. - Lilium is conducting a private share sale of 110 million shares and 110 million warrants, aiming to raise $114 million, with an option to increase the total by 15% [4]. Group 2: Stock Performance and Investor Reaction - Following the announcement of the share sale, Lilium's stock price fell sharply by 17.2% to approximately $0.88 per share due to management's decision to sell more shares at a higher price [2][3]. - The stock closed at $1.06 before the announcement of the private share sale, with the paired share-warrant priced at $1.05 [3][4]. Group 3: Financial Health and Shareholder Concerns - Lilium has a market cap of around $464 million and is burning $288 million annually, which is more than double the amount raised from the secondary stock sale [5]. - The ongoing dilution of shares is a significant concern for investors, as the company continues to raise capital through stock sales [5].

Core Viewpoint - Lilium N.V. announced a $114 million financing package, which includes a $40 million underwritten public offering and a $50 million private placement, aimed at funding the development and operations of the company [1][5]. Financing Details - The underwritten public offering consists of 38,095,238 Class A ordinary shares priced at $1.05 per share, along with warrants to purchase the same number of shares at an exercise price of $1.50 per share [2][4]. - A concurrent private placement (PIPE) involves the sale of 47,573,111 shares and warrants at the same price of $1.05 per share, with similar exercise terms for the warrants [1][4]. - The total financing includes an Aceville Pre-Funded Warrant allowing Aceville to purchase 24,233,035 shares at an exercise price of $1.05, with a prepayment of $24.23 million [1]. Use of Proceeds - The net proceeds from both the public offering and the PIPE will be utilized for the company's development, operations, and general corporate purposes [5]. Closing Timeline - The public offering is expected to close on May 29, 2024, while portions of the PIPE are anticipated to close on May 31, 2024, and June 28, 2024, subject to customary closing conditions [5]. Company Overview - Lilium is focused on creating a sustainable mode of high-speed regional transportation through its all-electric vertical take-off and landing jet, contributing to the decarbonization of air travel [8]. - The company has a strong team of over 1000 employees, including approximately 500 aerospace engineers, and is headquartered in Munich, Germany [8].

Core Points - Lilium N.V. announced a $114 million financing, which includes a $40 million underwritten public offering and a $50 million private placement [1] - The public offering involves the sale of 38,095,238 Class A ordinary shares at a price of $1.05 per share, with accompanying warrants exercisable at $1.50 per share [2][4] - The company plans to use the proceeds from the offerings to fund development, operations, and general corporate purposes [5] Public Offering Details - The underwritten public offering is priced at $1.05 per share and includes warrants, with an option for the underwriter to purchase an additional 5,714,285 shares [2] - The public offering is expected to close on May 29, 2024, while portions of the private placement are expected to close on May 31 and June 28, 2024 [5] Private Placement Information - The concurrent private placement involves the sale of 47,573,111 shares and warrants at the same price of $1.05 per share, with warrants exercisable at $1.50 per share [4] - Investors in the private placement include BIT Capital, Earlybird Venture Capital, and Aceville, an affiliate of Tencent Holdings [1][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 [8] - The company aims to accelerate the decarbonization of air travel and has a strong team of over 1000 employees, including approximately 500 aerospace engineers [8]

MUNICH, Germany, May 23, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM) ("Lilium" or the "Company"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet and global pioneer in Regional Air Mobility (RAM), announced today that it has launched an underwritten public offering of the Company's Class A ordinary shares (the "Shares") and warrants to purchase Shares (the "Warrants" and, together with the Shares, the "Securities"), as well as a concurrent private placement offering o ...

Contact Information for Media: Rainer Ohler +49 172 4890353 press@lilium.com Contact Information for Investors: Rama Bondada Vice President, Investor Relations investors@lilium.com About Lilium MUNICH, Germany, May 23, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM) ("Lilium" or the "Company"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet and global pioneer in Regional Air Mobility (RAM), announced today that it has launched an underwritten public offering of the Compa ...

State-of-the-art test facility to be a cornerstone of the Lilium Jet certification program Located at Lilium's headquarters near Munich (Germany), the 26,000 square feet (2400m2) rig will be used to simulate flights, for system integration testing and to verify aircraft performance through multiple flight profiles Designed in collaboration with global engineering group SEGULA Technologies, the facility is expected to be operational in late Summer 2024 MUNICH, Germany, May 16, 2024 (GLOBE NEWSWIRE) -- Lilium ...

MUNICH, Germany, May 16, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing ("eVTOL") jet and global pioneer in Regional Air Mobility (RAM), today announced it has started construction of an advanced test facility for integration and certification testing of the Lilium Jet. Designed in partnership with global engineering group SEGULA Technologies and located at Lilium's headquarters near Munich, Germany, the state-of-the-art facility is due ...

Core Insights - The German Federal Government and the Free State of Bavaria have commissioned KfW to conduct due diligence on Lilium, a pioneer in electric vertical take-off and landing (eVTOL) jets, as part of the state support process [1][6] - Lilium anticipates receiving guarantees from the government for a KfW loan, with a target minimum of €100 million [6] - Lilium is positioned as a leader in electric aviation, with a workforce of over 1,000, primarily in engineering and manufacturing [2][4] Company Overview - Lilium was founded in 2015 by graduates of the Technical University of Munich and is headquartered in Munich, Germany, with additional facilities in the Netherlands and Spain [2][4] - The company has a strong international presence and is exploring expansion into France [2] - Lilium has accumulated an order pipeline of over 780 Lilium Jets from various global operators [3] Market Potential - The global eVTOL market is projected to reach $1 trillion in revenues by 2040, according to Morgan Stanley estimates [3] - Lilium aims to contribute to the decarbonization of air travel through its all-electric Lilium Jet, which is designed for high performance and zero operating emissions [4]

Lilium is keen to leverage France's unique aerospace heritage and vast supplier base in aerospace and electrification to expand its high-volume production capacity of the Lilium JetDiscussion of industrial footprint expansion into France, potential government subsidies and loan guarantees expected to be concluded in the coming weeksLilium expansion could create up to 850 new direct jobs in FranceLilium Jet production expected to boost French export volumes as vast majority of produced Jets would serve other ...