Lilium N.V. Faces Nasdaq Delisting Warning
Ticker: LILMF · Form: 6-K · Filed: Jul 12, 2024 · CIK: 1855756
Sentiment: bearish
Topics: listing-rules, compliance, delisting-risk
Related Tickers: LILM
TL;DR
Nasdaq warned Lilium N.V. about its low stock price, risking delisting.
AI Summary
On July 11, 2024, Lilium N.V. received a notice from Nasdaq stating it is not in compliance with the minimum bid price requirement of US$1.00 per share for continued listing. The company is evaluating its options to regain compliance.
Why It Matters
This notice indicates a potential risk to Lilium's stock liquidity and investor confidence, as continued listing on Nasdaq is crucial for its visibility and access to capital.
Risk Assessment
Risk Level: medium — The company is not meeting Nasdaq's minimum bid price requirement, which could lead to delisting if not rectified.
Key Numbers
- US$1.00 — Minimum Bid Price (The threshold Lilium's stock price must meet to remain listed on Nasdaq.)
Key Players & Entities
- Lilium N.V. (company) — The company receiving the notice
- Nasdaq (company) — The stock exchange issuing the non-compliance notice
- US$1.00 (dollar_amount) — The minimum bid price requirement
- July 11, 2024 (date) — Date Lilium received the notice
FAQ
What specific rule is Lilium N.V. not complying with?
Lilium N.V. is not complying with the minimum bid price requirement of US$1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Rules.
When did Lilium N.V. receive the notice from Nasdaq?
Lilium N.V. received the written notice from Nasdaq on July 11, 2024.
What is the consequence of not meeting the minimum bid price requirement?
Failure to meet the minimum bid price requirement can lead to the company being non-compliant with Nasdaq's Listing Rules for continued listing.
What is the company's next step after receiving this notice?
The filing states the company is evaluating its options to regain compliance with Nasdaq's Listing Rules.
What is the filing type and date?
This is a Form 6-K filed on July 12, 2024.
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-07-12 16:30:13
Key Financial Figures
- $1.00 — the minimum bid price requirement of US$1.00 per share set forth in Nasdaq Rules for
Filing Documents
- tm2419386d1_6k.htm (6-K) — 15KB
- tm2419386d1_ex99-1.htm (EX-99.1) — 8KB
- 0001104659-24-079558.txt ( ) — 23KB
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: July 12, 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 99.1 Lilium Provides Update Regarding Nasdaq Minimum Bid Price Compliance