Lilium Regains Nasdaq Minimum Bid Price Compliance
Ticker: LILMF · Form: 6-K · Filed: May 16, 2024 · CIK: 1855756
Sentiment: bullish
Topics: listing-compliance, sec-filing, nasdaq
TL;DR
Lilium's stock price is back above $1, so it's staying on Nasdaq. No delisting fears for now.
AI Summary
Lilium N.V. announced on May 15, 2024, that it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. This means the company will continue to be listed on the Nasdaq Stock Market, and the matter is now closed.
Why It Matters
This news is crucial for investor confidence as it prevents delisting from a major stock exchange, ensuring continued trading and liquidity for Lilium's shares.
Risk Assessment
Risk Level: medium — While regaining compliance is positive, the company's ability to sustain the minimum bid price and achieve its business objectives remains a key factor.
Key Numbers
- US$1.00 — Minimum Bid Price (The threshold Lilium needed to meet to remain listed on Nasdaq.)
Key Players & Entities
- Lilium N.V. (company) — The company that received the Nasdaq notice.
- The Nasdaq Stock Market LLC (company) — The stock exchange that issued the notice.
- US$1.00 (dollar_amount) — The minimum bid price requirement for Nasdaq listing.
- May 15, 2024 (date) — The date Lilium received the notice from Nasdaq.
FAQ
What was the specific reason Lilium was previously non-compliant with Nasdaq's listing rules?
The filing states Lilium received a notice regarding the minimum bid price requirement of US$1.00 per share, implying its bid price had fallen below this threshold.
When did Lilium receive the notice from Nasdaq?
Lilium received the written notice from The Nasdaq Stock Market LLC on May 15, 2024.
What is the implication of regaining compliance with the minimum bid price requirement?
Regaining compliance means Lilium has satisfied Nasdaq's Listing Rules for continued listing, and the matter is now closed by Nasdaq.
What is Lilium N.V.'s primary business?
Lilium N.V. is in the AIRCRAFT [3721] industry, as indicated by its SIC code.
What is the company's principal executive office address?
The company's principal executive office is located at Galileostraße 335, 82131 Gauting, Germany.
Filing Stats: 693 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-05-16 08:00:12
Key Financial Figures
- $1.00 — the minimum bid price requirement of US$1.00 per share set forth in the Nasdaq Rules
Filing Documents
- tm2414598d1_6k.htm (6-K) — 12KB
- 0001104659-24-062292.txt ( ) — 13KB
Forward Looking Statements
Forward Looking Statements: The information contained in this Report on Form 6-K contains certain forward-looking statements within the meaning of the U.S. federal securities laws. These
forward-looking statements generally are identified by the words "believe," "project," "expect,"
forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management's current expectations with respect to future events and are based on assumptions and are subject to risks and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this Report on Form 6-K include those risks and uncertainties discussed in Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including in the section titled "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023 on file with the SEC, and similarly titled sections in Lilium's other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Incorporation by Reference The contents of this Report on Form 6-K are hereby incorporated by reference into the Company's registration statements on the Forms F-3 filed with the SEC on May 3, 2024 (File No. 333-279113), November 24, 2023 (File No. 333-275742), September 18, 2023 (File No. 333-274550), June 9, 2023 (File No. 333-272571), November 25, 2022, as amended or supplemented (File No. 333-268562), and October 3, 2022, as amended or supplemented (File Nos
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: May 16, 2024 Lilium N.V. By: /s/ Klaus Roewe Name: Klaus Roewe Title: Chief Executive Officer and Executive Director