Lilium faces insolvency, Nasdaq suspends trading

Lilium (LILM) has released an update.

Lilium NV is facing significant financial challenges as its main German subsidiaries have filed for insolvency, prompting Nasdaq to suspend trading in the company’s shares and warrants. This development raises concerns about Lilium’s future on the stock market, as it must now navigate the consequences of the subsidiaries’ self-administration procedures.

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