Lilium N.V. Shares to be Delisted from Nasdaq
Ticker: LILMF · Form: 6-K · Filed: Mar 12, 2025 · CIK: 1855756
| Field | Detail |
|---|---|
| Company | Lilium N.V. (LILMF) |
| Form Type | 6-K |
| Filed Date | Mar 12, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, sec-filing, nasdaq
Related Tickers: LILM
TL;DR
Nasdaq delisting confirmed for Lilium N.V. shares and warrants, effective Nov 6, 2024.
AI Summary
Lilium N.V. filed a Form 6-K on March 12, 2025, to report that on October 28, 2024, the company received a notice from Nasdaq regarding the suspension of trading for its Class A ordinary shares and warrants, effective November 6, 2024. A Form 25 Notification of Delisting will be filed with the SEC.
Why It Matters
This filing confirms the impending delisting of Lilium's shares and warrants from Nasdaq, which could significantly impact liquidity and investor access.
Risk Assessment
Risk Level: high — The delisting from a major exchange like Nasdaq poses significant risks to liquidity, investor confidence, and future capital raising efforts.
Key Players & Entities
- Lilium N.V. (company) — Registrant
- Nasdaq (company) — Stock Exchange
- October 28, 2024 (date) — Date of Nasdaq notice
- November 6, 2024 (date) — Effective date of trading suspension
- Form 25 (document) — Notification of Delisting
FAQ
What is the primary reason for the trading suspension and delisting from Nasdaq?
The filing does not explicitly state the reason for the trading suspension, only that the company received a written notice from the Nasdaq Listing Qualifications Department.
When will the trading suspension of Lilium's shares and warrants become effective?
Trading suspension will be effective at the opening of business on November 6, 2024.
What is the significance of filing a Form 25 with the SEC?
Filing a Form 25 signifies the company's formal notification to the SEC of its intention to delist its securities from a national securities exchange.
Does this filing indicate that Lilium N.V. is ceasing operations?
No, this filing specifically addresses the delisting from Nasdaq and does not indicate the cessation of operations.
What are the implications for shareholders of Lilium N.V. following this delisting notice?
Shareholders may face reduced liquidity for their shares and warrants, and the company may need to seek listing on another exchange or trade over-the-counter.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 12, 2025 regarding Lilium N.V. (LILMF).