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Rumour Mill: Is Lilium to merge with Qell SPAC for stock market float?

By Chris Stonor

Lilium, so says bloomberg.com, is in talks to go public through a merger with Qell, a special purpose acquisition company, according to a media source.

It is claimed Qell has started discussions to raise new equity for a transaction which will value the combined entity at more than USD2 billion. Yet, as bloomberg points out, “with any deal that hasn’t been finalised, it’s possible terms change or talks fall apart.” Meanwhile, both Qell and Lilium declined to comment.

SPAC stands for “Special Purpose Acquisition Company” and is a growing trend for businesses interested in coming to market. It has been suggested recently that Lilium were eyeing the Stock Market after news of recent SPACs for other eVTOL companies, Archer and Joby Aviation.

Munich-based Lilium, co-founded in 2015 by engineers Daniel Wiegand, Sebastian Born, Matthias Meiner and Patrick Nathen, became “a so-called unicorn” last year after raising USD35 million from Baillie Gifford & Co.

Recent UAMN Article on Lilium:

https://www.urbanairmobilitynews.com/air-taxis/forbes-com-say-lilium-is-developing-a-much-larger-seven-seat-version-of-its-boundary-pushing-aircraft-and-is-soon-to-go-public/

Visual Presentation

https://www.youtube.com/watch?v=5ukmS9ZJm40&t=2s

 For more information

https://lilium.com

 (News Source: https://www.bloomberg.com)

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