Lilium N.V. Announces Public Offering of Class A Shares

TL;DR

Lilium is selling 38M shares via B. Riley Securities to raise cash.

AI Summary

On May 23, 2024, Lilium N.V. entered into an underwriting agreement with B. Riley Securities, Inc. for a public offering of 38,095,238 Class A ordinary shares. The offering is expected to generate gross proceeds before deducting underwriting discounts and commissions and other offering expenses.

Why It Matters

This public offering aims to raise capital, which could fund Lilium's development and production of its electric vertical take-off and landing (eVTOL) aircraft.

Risk Assessment

Risk Level: medium — Public offerings can dilute existing shareholders and the success of the offering depends on market conditions and investor sentiment towards Lilium's technology.

Key Numbers

• 38,095,238 — Class A Shares Offered (This represents the total number of shares being sold in the public offering.)

Key Players & Entities

• Lilium N.V. (company) — Registrant
• B. Riley Securities, Inc. (company) — Sole Underwriter
• May 23, 2024 (date) — Date of Underwriting Agreement
• 38,095,238 (dollar_amount) — Number of Class A Shares offered

FAQ

Key Financial Figures

• $40 million — o;) for gross proceeds of approximately $40 million. Additionally, Lilium agreed to issue t
• $50 million — o;) for gross proceeds of approximately $50 million pursuant to securities purchase agreeme
• $1.05 — Class A Shares at an exercise price of $1.05 per Class A Share (the “Aceville
• $24 m — aggregate prepay price of approximately $24 million, of which exercise price Aceville
• $1.00 — ville has agreed to partially prepay at $1.00 per Class A Share against the total exe
• $218 million — hat the Company will have approximately $218 million of cash and cash equivalents and certai
• $110 million — d the PIPE. This reflects approximately $110 million of cash and cash equivalents and certai
• $35 million — ets as of March 31, 2024, approximately $35 million of proceeds from the Public Offering, a
• $49 million — from the Public Offering, approximately $49 million of proceeds from the PIPE, and approxim
• $24 million — oceeds from the PIPE, and approximately $24 million of proceeds from the Aceville Pre-Fundi
• $350,000 — to invest an aggregate of approximately $350,000 in the PIPE. The combined offering pric
• $26 million — l closing of the PIPE for approximately $26 million of the aggregate PIPE purchase amount i
• $150.0 million — n, to issue and sell to Yorkville up to $150.0 million of its Class A Shares until the earlier
• $1,154,420 — eceived gross proceeds of approximately $1,154,420 from the Company’s sales of 1,000
• $1.14 — average purchase price of approximately $1.14 per Class A Share under the SEPA. On Ma

Filing Documents

• tm2415796d1_6k.htm (6-K) — 50KB
• tm2415796d1_ex4-1.htm (EX-4.1) — 90KB
• tm2415796d1_ex4-2.htm (EX-4.2) — 92KB
• tm2415796d1_ex4-3.htm (EX-4.3) — 150KB
• tm2415796d1_ex5-1.htm (EX-5.1) — 68KB
• tm2415796d1_ex5-2.htm (EX-5.2) — 18KB
• tm2415796d1_ex10-1.htm (EX-10.1) — 118KB
• tm2415796d1_ex10-2.htm (EX-10.2) — 109KB
• tm2415796d1_ex10-3.htm (EX-10.3) — 138KB
• tm2415796d1_ex10-4.htm (EX-10.4) — 237KB
• tm2415796d1_ex10-5.htm (EX-10.5) — 178KB
• tm2415796d1_ex10-6.htm (EX-10.6) — 279KB
• tm2415796d1_ex10-7.htm (EX-10.7) — 24KB
• tm2415796d1_ex99-1.htm (EX-99.1) — 14KB
• tm2415796d1_ex5-2img002.jpg (GRAPHIC) — 3KB
• tm2415796d1_ex5-2img001.jpg (GRAPHIC) — 17KB
• 0001104659-24-066163.txt ( ) — 1592KB

Forward-Looking Statements

Forward-Looking Statements The information contained in this Report on Form 6-K and the exhibits attached hereto contain certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding the consummation of the PIPE and the Aceville Pre-Funding and Lilium’s cash position giving effect to the Capital Raise. These forward-looking statements generally are identified by words such as “proposed,” “contemplates,” “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. These forward-looking statements are based on assumptions and are subject to risks and uncertainties and are subject to change at any time. Actual events or results may differ materially from those contained in the 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 and the Exhibits attached hereto include those discussed in Lilium’s filings with the SEC, including its Annual Report on Form 20-F for the year ended December 31, 2023, all of which are available at www.sec.gov. For more information, see the section entitled “ Cautionary Note Regarding Forward-Looking Statements ” in Lilium’s Annual Report on Form 20-F and in other filings Lilium has made or makes in the future with the SEC. Forward-looking

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 29, 2024 Lilium N.V. By: /s/ Klaus Roewe Name: Klaus Roewe Title: Chief Executive Officer and Executive Director EXHIBIT INDEX Exhibit Number Description of Document 4.1

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View this 6-K filing on SEC EDGAR