Lilium Launches Offering Of Class A Shares And Warrants
Portfolio Pulse from Benzinga Newsdesk
Lilium, a company focused on electric vertical takeoff and landing (eVTOL) aircraft, has announced the launch of an offering of Class A shares and warrants. This move is likely aimed at raising capital to support its operations and development projects.
May 23, 2024 | 8:33 pm
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Lilium has announced an offering of Class A shares and warrants, which is expected to raise capital for the company's ongoing projects. This could lead to short-term volatility in the stock price as the market reacts to the dilution of shares.
The offering of new shares and warrants typically leads to dilution of existing shares, which can result in a decrease in stock price in the short term. Investors may react to the increased supply of shares and the potential impact on earnings per share.
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