Lilium falls after filing for mixed shelf offering

Lilium NV

29/07/2024 11:45

** U.S.-listed shares of Germany-based eVTOL aircraft maker
Lilium NV  LILM.O  fall 1.3% to 90 cents premarket
    ** Co files mixed shelf offering of up to $250 mln with U.S.
securities regulator
    ** LILM says proceeds from offering will be used for general
corporate purposes, other business opportunities
    ** CEO Klaus Roewe last week mentioned plans to begin
studying possible air-taxi assembly sites in U.S. later this
year, with a goal of having a plant up and running by early 2029
    ** Lilium plans to finalise the site next year and expects
to invest "250 million to 300 million plus" euros ($271-$325
million) in the final assembly line
    ** Stock down 22.7% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))