Lilium N V (LILM)

Lilium N.V Stock (LILM) dropped by 5.93% from $0.86 to $0.809 in the trading on Friday November 10, 2023. The reason why LILM stock down today is due to the announcement of battery partnership extension with InoBat for electric jet taxis, which is expected to provide high-volume production of the Lilium Jet battery cells. InoBat will manufacture cells at their existing Volta I facility and future Volta II gigafactory in Slovakia, with production starting early 2024.

Lilium N.V Stock (LILM) dropped by 22.4% from $1.70 to $1.32 in the trading on Friday July 14, 2023. The reason why LILM stock down today is due to the announcement to raise $192 million in additional capital for bringing a new aircraft to market. The deal includes a $75 million public offering of 57.7 million shares, as well as a concurrent $42 million private placement of 32.1 million shares and warrants for an additional 8 million from a group led by Earlybird Venture Capital. Investors, already wary of dilution from secondary offerings, are doubly cautious given the close proximity to the initial raise.