Lilium says it will file for insolvency, shares fall

Lilium NV

04/11/2024 14:55

** U.S.-listed shares of German air-taxi maker Lilium
 5KD.F  down 17% at 8 cents  
    ** Co says it will file for insolvency "soon", after efforts
to solve its cash-crisis failed to yield results
    ** 2 of 4 brokerages rate the stock "buy", 1 "hold" and 1
"sell"; their median PT is $1.88 - LSEG data
    ** Up to last close, stock was down 93% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))