Lilium Launches Public Offering Of Class A Ordinary Shares And Concurrent Private Placement Offering
Portfolio Pulse from Benzinga Newsdesk
Lilium, a German aviation company, has announced a public offering of its Class A ordinary shares and a concurrent private placement offering. The company is listed on the US stock exchange under the ticker symbol LILM.
July 13, 2023 | 8:49 pm
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Lilium's announcement of a public offering and concurrent private placement could potentially dilute existing shares, which may lead to a short-term decrease in the stock price.
Public offerings often lead to share dilution, which can decrease the value of existing shares. This is because the number of shares increases, while the company's value remains the same. Therefore, each share represents a smaller percentage of the company's value. Concurrent private placements can also contribute to this dilution.
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