Summary by Moomoo AI
On May 23, 2024, Lilium N.V., a developer of the all-electric vertical take-off and landing (eVTOL) jet, announced the launch of a capital raise through an underwritten public offering and a concurrent private placement offering (PIPE). The public offering includes Class A ordinary shares and warrants to purchase shares, with B. Riley Securities acting as the sole bookrunner and underwriter. The offering is subject to market and regulatory conditions, and its completion, size, or terms cannot be guaranteed. The PIPE involves investors like BIT Capital, Earlybird Venture Capital, and Aceville Pte. Ltd., an affiliate of Tencent Holdings, as well as Lilium board members. The proceeds from the offerings are intended for the development and operations of the company and general corporate purposes. The shares and warrants in the PIPE are being issued under exemptions provided by the Securities Act of 1933 and are not registered under the Securities Act or any state securities laws.