Lilium announces $192 million financing

Lilium announced a $192 million financing, including the pricing of an upsized $75 million underwritten public offering of 57,692,308 of the Company’s Class A ordinary shares. Along with this, Lilium announced a concurrent $42 million private placement of 32,146,147 Shares and warrants to purchase 8,036,528 Shares led by Earlybird Venture Capital and including BIT Capital, UVC Partners, and Frank Thelen, as well as multiple Lilium board members and senior executives (The Pipe). Additionally, as per the May 1, 2023 agreement, Aceville will fund an additional $75 million to partially prepay against the total exercise price of the warrants issued under such agreement, assuming