"We are very pleased to announce the signing of an investment agreement with a very experienced consortium of investors, which is a major breakthrough," Lilium CEO Klaus Roewe was quoted in the announcement. "Deal closing at the beginning of January will allow us to restart our business."
Mobile Uplift Corporation said in the announcement it intends to rehire workers who were laid off immediately after opening of the proceedings and closing of the transaction. It isn’t clear if all 1,000 workers will be rehired.
Lilium had raised more than $1 billion from private investors before it went public in 2021 on the Nasdaq Exchange via a reverse merger with a blank-check company, SPAC Qell. Lilium had success landing customers, including an order from Saudi Arabia for 100 electric planes.
Collection
[
|
...
]