On September 30, 2024, Lilium N.V., a next-generation aviation company specializing in electric vertical take-off and landing (eVTOL) aircraft, released its unaudited condensed interim financial statements and management's discussion and analysis for the six months ending June 30, 2024. The documents, which were furnished as Exhibits 99.1 and 99.2 to the Report on Form 6-K, are now incorporated by reference into the company's registration statements. Lilium is focused on developing the Lilium Jet for a new high-speed air transport system that promises increased connectivity, accessibility, affordability, and environmental sustainability. The company is currently working towards finalizing the design, completing certification with EASA and the FAA, and building manufacturing capacity. Lilium plans to target business aviation customers and offer a Turnkey...Show More

On September 30, 2024, Lilium N.V., a next-generation aviation company specializing in electric vertical take-off and landing (eVTOL) aircraft, released its unaudited condensed interim financial statements and management's discussion and analysis for the six months ending June 30, 2024. The documents, which were furnished as Exhibits 99.1 and 99.2 to the Report on Form 6-K, are now incorporated by reference into the company's registration statements. Lilium is focused on developing the Lilium Jet for a new high-speed air transport system that promises increased connectivity, accessibility, affordability, and environmental sustainability. The company is currently working towards finalizing the design, completing certification with EASA and the FAA, and building manufacturing capacity. Lilium plans to target business aviation customers and offer a Turnkey Enterprise solution to operators. Despite ongoing substantial operating expenses and significant cash burn, Lilium has raised funds through public offerings, private placements, and the issuance of warrants. The company is also in discussions for a convertible loan backed by the German government. Lilium's ability to continue as a going concern is contingent upon securing additional financing and meeting various milestones, including the successful completion of the Lilium Jets and obtaining regulatory approvals. The company has identified material weaknesses in its internal control over financial reporting and is working on remediation. Forward-looking statements in the report indicate plans for continued investment in research, development, and commercialization, despite acknowledging substantial future financing needs and the risks associated with the development and certification of their eVTOL aircraft.