Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency
Publishing timestamp: 2024-10-24 13:52:49
Summary
German aerospace startup Lilium, listed on Nasdaq, announced that its two main subsidiaries will file for insolvency due to inability to raise sufficient funds. Shares plunged 61% following the news. The company had tried to secure state support but was unsuccessful. If subsidiaries file for insolvency, Lilium may face delisting from Nasdaq.
Sentiment: NEGATIVE
Tickers: LILM,
Keywords: markets, breaking news: technology, lilium nv, technology, business news, breaking news: markets, aerospace technology, transportation, breaking news: business, lilium equity warrants exp 14th sep 2026,