Lilium Prices $114M Financing
Portfolio Pulse from Benzinga Newsdesk
Lilium has priced a $114 million financing, including a $40 million public offering and a $50 million private placement. The financing involves the issuance of shares and warrants, with significant participation from BIT Capital, Earlybird Venture Capital, Aceville Pte. Limited (an affiliate of Tencent Holdings Limited), and certain Lilium board members.
May 24, 2024 | 12:39 pm
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Lilium has announced a $114 million financing, including a $40 million public offering and a $50 million private placement. This financing involves the issuance of shares and warrants, with significant participation from BIT Capital, Earlybird Venture Capital, Aceville Pte. Limited, and certain Lilium board members.
The $114 million financing will provide Lilium with significant capital to support its operations and growth. The involvement of notable investors like BIT Capital, Earlybird Venture Capital, and Aceville Pte. Limited adds credibility and confidence in the company's future prospects. This is likely to have a positive short-term impact on Lilium's stock price.
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