Brief: Lilium Announces Intention To List On Nasdaq Through A Merger With Qell Acquisition Corp

Lilium NV

30/03/2021 13:35

March 30 (Reuters) - Qell Acquisition Corp.  QELL.O :
    * LILIUM ANNOUNCES INTENTION TO LIST ON NASDAQ THROUGH A
MERGER
WITH QELL ACQUISITION CORP., AND REVEALS DEVELOPMENT OF ITS
7-SEATER ELECTRIC VERTICAL TAKE-OFF AND LANDING JET
    * QELL ACQUISITION CORP. - TRANSACTION VALUES COMBINED
COMPANY AT
APPROXIMATELY $3.3 BILLION PRO FORMA EQUITY VALUE AT $10.00 PER
SHARE PIPE PRICE
    * QELL ACQUISITION CORP. - COMBINED COMPANY EXPECTED TO ADD
BARRY
ENGLE TO BOARD, JOINING CURRENT BOARD MEMBERS INCLUDING FORMER
AIRBUS CEO TOM ENDERS
    * QELL ACQUISITION - UPON DEAL CLOSING, CO WILL BE CALLED
LILIUM,
AND IT IS ANTICIPATED SHARES WILL BE LISTED ON NASDAQ UNDER
TICKER SYMBOL LILM
    * QELL ACQUISITION - UPON COMPLETION OF TRANSACTION, DANIEL
WIEGAND WILL HOLD 3:1 SUPER VOTING SHARES
    * QELL ACQUISITION - PIPE INCLUDES PARTICIPATION FROM
INVESTORS
INCLUDING BAILLIE GIFFORD, FUNDS AND ACCOUNTS MANAGED BY
BLACKROCK, TENCENT, FERROVIAL

Source text for Eikon:  ID:nPn1RRDXxa 
Further company coverage:  QELL.O 

 ((Reuters.Briefs@thomsonreuters.com;))