Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Lilium ( (LILMF) ) has shared an announcement.
Lilium N.V. has entered regular insolvency proceedings in Germany, with the court initiating the process on December 30, 2024. The company has terminated all employment contracts and will not distribute dividends to Class A ordinary shareholders. Significant leadership changes include the resignations of Margaret M. Smyth and Gabrielle Toledano from the Board. Additionally, Lilium’s subsidiaries have signed an agreement to sell their operational assets to MUC Mobile Uplift Corporation GmbH, with the transfer of assets expected to complete by January 20, 2025. This asset sale is part of the insolvency proceedings, and Lilium will not receive any proceeds from it.
More about Lilium
Lilium N.V. is a company based in Germany, operating in the aerospace industry, primarily focused on the development and manufacturing of electric vertical take-off and landing (eVTOL) aircraft. The company has been a key player in the emerging urban air mobility market, aiming to revolutionize transportation with its innovative flying vehicles.
YTD Price Performance: 25.91%
Average Trading Volume: 19,658,120
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $194.9M
See more insights into LILMF stock on TipRanks’ Stock Analysis page.
