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Lilium N.V. Receives Nasdaq Delisting Notice Amid Subsidiary Insolvency Proceedings

Lilium N.V., a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has announced that it received a written notice from the Nasdaq Listing Qualifications Department on October 28, 2024. This notice follows the insolvency applications of Lilium GmbH and Lilium eAircraft GmbH, the company’s principal operating wholly-owned German subsidiaries, filed in the local court of Weilheim in Germany. The subsidiaries have applied for self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code.

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