2023-07-13 17:14:08 ET
- Lilium N.V. ( NASDAQ: LILM ) has launched an underwritten public offering of Class A ordinary shares as well as a concurrent private placement offering of shares and warrants, the company said Thursday.
- The offering will be led by Earlybird Venture Capital and include BIT Capital, UVC Partners, and Frank Thelen, as well as multiple Lilium board members and senior executives.
- In addition, Aceville, an affiliate of Tencent Holdings, will fund an additional $75.0 million to partially prepay against the total exercise price of the warrants, assuming that the underwritten public offering and the concurrent PIPE generate at least $75.0 million of gross proceeds.
- The underwriter has the option to purchase up to 15% of the additional shares sold in the offering.
- B. Riley Securities is serving as the sole bookrunner and underwriter for the offering.
- The net proceeds from the offering will be used for general corporate purposes.
- Press Release .
- Shares -6.5% at $1.59 after hours.
For further details see:
Lilium to sell Class A shares in public offering, concurrent private placement