Lilium has raised $119 million in fresh capital by issuing more Class A shares priced at $1.30. On November 18, when the German eVTOL aircraft developer’s stock was trading at around $1.54 on the New York Stock Exchange, the company announced the equity offering, which subsequently closed on November 22.
According to Lilium, investors backing the funding campaign include aerospace industry companies Honeywell and Aciturri, and venture capital groups LGT, Lightrock, Tencent, and B. Riley Securities. Lilium’s new CEO, Klaus Roewe, plus board members Barry Engle, David Wallerstein, and Niklas Zennström, are also participating as individual investors in the offering of more than 91 million new shares. LGT, Tencent, and Niklas Zennström are existing investors in Lilium.
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