Lilium N.V. Receives Notice Of Delisting From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V. has received a delisting notice from Nasdaq due to insolvency applications by its German subsidiaries. Trading of its shares will be suspended on November 6, 2024.
November 01, 2024 | 8:37 pm
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Lilium N.V. is set to be delisted from Nasdaq following insolvency applications by its German subsidiaries. Trading suspension is scheduled for November 6, 2024.
The delisting notice from Nasdaq is a direct result of insolvency applications by Lilium's subsidiaries, indicating severe financial distress. This will likely lead to a significant drop in investor confidence and a negative impact on Lilium's stock price.
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