Lilium N.V. Receives Notice Of Delisting From Nasdaq

Author: Benzinga Newsdesk | November 01, 2024 03:37pm

Lilium N.V. (NASDAQ:LILM) (the "Company" or "Lilium"), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), on Tuesday, October 29, 2024, announced in a Form 6-K filed with the Securities and Exchange Commission that the Company received a written notice from the staff of the Nasdaq Listing Qualifications Department (the "Staff") on October 28, 2024, following the applications of Lilium GmbH and Lilium eAircraft GmbH, the principal operating wholly-owned German subsidiaries of Lilium (the "Subsidiaries"), for insolvency in the local court of Weilheim in Germany and self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code, notifying the Company that, in accordance with Nasdaq Listing Rule 5101, the trading of the Company's Class A ordinary shares and warrants will be suspended at the opening of business on November 6, 2024, and a Form 25 Notification of Delisting will be filed with the U.S. Securities Exchange Commission (the "SEC") to delist the Company's securities from the Nasdaq Global Select Market ("Nasdaq").

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