
- 24 Oct 2021 06:50 PM
- 0
Lilium Goes Public, Begins Trading on Nasdaq
German aerospace firm Lilium GmbH began trading on the Nasdaq stock exchange on Sept. 15. This came five days after Lilium completed its merger with Qell Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), generating approximately $584M of gross proceeds for the company, prior to transaction expenses, including from “funds managed by leading strategic and long-term financial investors including Atomico, Baillie Gifford, LGT and its affiliate impact investing platform Lightrock, funds and accounts managed by BlackRock, Tencent, Ferrovial, Palantir, Honeywell, FII Institute and private funds affiliated with PIMCO.” Munich-based Lilium currently has more than 700 employees working on its 7-Seater Lilium Jet. The company also restated its intentions to launch operational services in 2024.
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