Lilium shares are trading lower after the company announced its prinicpal German subsidiaries will apply for self-administration proceedings in a German court due to insolvency.
Portfolio Pulse from Benzinga Newsdesk
Lilium's shares are declining as the company announced that its main German subsidiaries will apply for self-administration proceedings in a German court due to insolvency.
October 25, 2024 | 2:33 pm
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Lilium's shares are trading lower following the announcement that its principal German subsidiaries will apply for self-administration proceedings due to insolvency.
The announcement of insolvency proceedings for Lilium's German subsidiaries is a significant negative development, likely causing investor concern and leading to a decline in Lilium's stock price.
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