202223 Nov

Lilium Announces Successful Closing of $119 Million Capital Raise to Fund Continued Development of New Electric Aircraft - Lilium

Summary

Liliums new CEO, Klaus Roewe, as well as three additional board members, Barry Engle, David Wallerstein and Niklas Zennstr\xf6m, also participated.We are pleased to have such a high-quality group of supporters in a challenging macro environment. These proceeds are expected to strengthen our balance sheet and advance our commercialization efforts including signing of customer agreements with pre-delivery payments, reaching an agreement with EASA on our Means of Compliance, and commencing assembly of the type-conforming aircraft for the final manned flight test campaign, CEO Klaus Roewe said.St\xe9phane Fymat, Vice President and General Manager of Urban Air Mobility, Honeywell Aerospace said: Honeywell and Lilium share a common vision of the importance of electric aviation and the positive impact it will have on air transportation and decarbonization. Founded in 2015, Liliums headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S..No announcements or information regarding the offering may be disseminated to the public in jurisdictions where a prior registration or approval is required for such purpose. Lilium has not authorized any offer to the public of the Shares or the warrants in any member state of the EEA and no prospectus has been or will be prepared in connection therewith. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions.

Source: Lilium

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