Lilium N.V., a foreign private issuer, has reported to the U.S. Securities and Exchange Commission (SEC) that it has entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc. on July 26, 2024. Under this agreement, Lilium may offer and sell up to $100 million of its Class A ordinary shares. The initial offering of up to $33 million will be under the company's shelf registration statement on Form F-3, effective since October 12, 2022, with the remaining $67 million subject to SEC approval of a new registration statement. Sales will be conducted as 'at the market offerings,' and B. Riley will receive a commission for its services. The agreement includes customary indemnification rights and reimbursement of certain expenses for B...Show More

Lilium N.V., a foreign private issuer, has reported to the U.S. Securities and Exchange Commission (SEC) that it has entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc. on July 26, 2024. Under this agreement, Lilium may offer and sell up to $100 million of its Class A ordinary shares. The initial offering of up to $33 million will be under the company's shelf registration statement on Form F-3, effective since October 12, 2022, with the remaining $67 million subject to SEC approval of a new registration statement. Sales will be conducted as 'at the market offerings,' and B. Riley will receive a commission for its services. The agreement includes customary indemnification rights and reimbursement of certain expenses for B. Riley. The agreement may be terminated by either party and will automatically end upon the sale of all shares or as permitted within the agreement. This move is part of Lilium's strategic plan to fund operations until the type certification and entry into service of its products, considering both dilutive and non-dilutive financing methods, and exploring strategic opportunities, including joint ventures and partnerships. The company has clarified tax considerations in its annual report and incorporated the contents of this report into its previous SEC filings.