Lilium N.V. Updates on Subsidiary Insolvency Proceedings

TL;DR

Lilium's German subs are in insolvency, company filed motion for proceedings Nov 6.

AI Summary

Lilium N.V. is filing a Form 6-K for December 2024. This report follows the previously disclosed insolvency filings by its German subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, on October 28, 2024, which applied for self-administration proceedings. The company also filed a motion for opening insolvency proceedings on November 6, 2024.

Why It Matters

This filing provides an update on the ongoing insolvency proceedings of Lilium's key operating subsidiaries, which could significantly impact the company's operational and financial future.

Risk Assessment

Risk Level: high — The filing details ongoing insolvency proceedings for the company's principal operating subsidiaries, indicating significant financial distress and operational uncertainty.

Key Players & Entities

• Lilium N.V. (company) — Registrant
• Lilium GmbH (company) — Subsidiary that filed for insolvency
• Lilium eAircraft GmbH (company) — Subsidiary that filed for insolvency
• October 28, 2024 (date) — Date of initial insolvency filing by subsidiaries
• November 6, 2024 (date) — Date of motion for opening insolvency proceedings

FAQ

Filing Documents

• tm2431944d1_6k.htm (6-K) — 15KB
• 0001104659-24-131417.txt ( ) — 16KB

Forward-Looking Statements

Forward-Looking Statements The information 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 the agreement entered into with Mobile Uplift Corporation GmbH in connection with the sale of the assets of the Subsidiaries, and the Company’s expectations regarding the opening of regular insolvency proceedings, the winding up of the Company and the termination of its existing employment contracts. These forward-looking statements generally are identified by the words “may,” “shall,” “will,” “would,” “expect to,” “could,” “likely” 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 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 Exhibit attached hereto include (but are not limited to) risks that the M&A process will not be successful and the financing for the business’ future operations will not be obtained, as well as those risks and uncertainties discussed in Lilium N.V.’s filings with the SEC, including in the section titled “Risk Factors” in Exhibit 99.2 to Lilium N.V.’s Report on Form 6-K filed on July 17, 2024 with the SEC which is 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 Lilium Group assumes no obligation to, and does not intend to

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: December 23, 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