LILIUM LAUNCHES PUBLIC OFFERING TO BRIDGE LIQUIDITY GAP
NEWS BY YVES LE MARQUAND
Lilium has announced plans to raise capital through a public offering of its Class A shares and warrants, alongside a private placement.
“We currently intend to use the net proceeds we receive from this offering to continue to fund the development and operations of the company and for general corporate purposes, which may include payments to the company’s suppliers, and working capital uses,” said the company in the offering prospectus.
The public offering will be led by B. Riley Securities and will include warrants to purchase additional shares.
Concurrent with the public offering, Lilium secured private investments from firms like BIT Capital, Earlybird Venture Capital, and an affiliate of Tencent. These investors agreed to purchase shares at $1.05 each, with warrants exercisable for $1.50 per share.
The funds raised from both offerings, along with a prepayment from Tencent affiliate Aceville, will be used to support Lilium’s ongoing development efforts and general operations.
NEWS BY YVES LE MARQUAND
Lilium has announced plans to raise capital through a public offering of its Class A shares and warrants, alongside a private placement.
“We currently intend to use the net proceeds we receive from this offering to continue to fund the development and operations of the company and for general corporate purposes, which may include payments to the company’s suppliers, and working capital uses,” said the company in the offering prospectus.
The public offering will be led by B. Riley Securities and will include warrants to purchase additional shares.
Concurrent with the public offering, Lilium secured private investments from firms like BIT Capital, Earlybird Venture Capital, and an affiliate of Tencent. These investors agreed to purchase shares at $1.05 each, with warrants exercisable for $1.50 per share.
The funds raised from both offerings, along with a prepayment from Tencent affiliate Aceville, will be used to support Lilium’s ongoing development efforts and general operations.