QELL - Vertical takeoff and landing Lilium confident SPAC deal will close in Q3

designprojects/iStock via Getty Images Daniel Wiegand, co-founder and CEO of electric vertical takeoff and landing company Lilium, is confident that the company will close its SPAC deal with Qell Acquisition (QELL) in Q3 as originally expected. "We intend to close the transaction in the third quarter of this year," Wiegand said in a video interview with Seeking Alpha on Friday. "We've had several rounds already in terms of filing and questions so we are well into the process and we are confident that we are going to be able to hold that timeline in closing." Lilium, which counts Palantir (PLTR) and Honeywell (HON) as investors and partners, is in a race with other aviation startups to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travelers to beat urban traffic and hop between cities. Lilium is part of a growing list of electric vertical takeoff and lift companies

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Vertical takeoff and landing Lilium confident SPAC deal will close in Q3