Lilium Secures Potential €400M German Funding

TL;DR

Germany's parliament budget committee signals approval for ~€400M funding for Lilium's eVTOL jets.

AI Summary

On October 17, 2024, Lilium N.V. announced it has received an indication that the budget committee of the German Parliament will approve a significant funding package for the company. This funding is expected to be approximately €400 million and is intended to support the development and production of Lilium's electric vertical take-off and landing (eVTOL) aircraft.

Why It Matters

This potential government funding could be a crucial catalyst for Lilium's advanced air mobility projects, potentially accelerating the commercialization of its eVTOL aircraft.

Risk Assessment

Risk Level: medium — While the indication of funding is positive, final approval and disbursement are still pending, and the exact terms and conditions are not yet fully detailed.

Key Numbers

• ~€400 million — Potential Funding (This is the estimated amount the German Parliament's budget committee is indicating it will approve for Lilium.)

Key Players & Entities

• Lilium N.V. (company) — Company filing the report and recipient of potential funding.
• German Parliament (company) — The legislative body whose budget committee is considering the funding.
• €400 million (dollar_amount) — The approximate amount of funding indicated for approval.
• October 17, 2024 (date) — Date of the announcement regarding the funding indication.

FAQ

Filing Documents

• tm2426372d1_6k.htm (6-K) — 13KB
• 0001104659-24-109435.txt ( ) — 14KB

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, including, but not limited to, statements regarding Lilium’s consideration of various possible strategic transactions and fundraising initiatives and Lilium’s ability to obtain any additional financing. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “continue,” “could,” “expect,” “exploring,” “estimate,” “future,” “intend,” “may,” “plan,” “possible,” “potential,” “result,” “should,” “target,” “will,” “would,” and similar expressions. Forward-looking with respect to future events and are based on assumptions and are subject to risk and uncertainties that 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 include the risk that appropriate government approvals for the Loan will not be obtained, and the risk that definitive documentation for the Loan will not be agreed, as well as those risks and uncertainties discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” 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 fo

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: October 17, 2024 Lilium N.V. By: /s/ Klaus Roewe Name: Klaus Roewe Title: Chief Executive Officer and Executive Director

View Full Filing

View this 6-K filing on SEC EDGAR