Lilium launches M&A process with KPMG, targets first flight program continuation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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M&A Process and Insolvency: Lilium has appointed KPMG to oversee a transparent M&A process following the approval of its German subsidiaries' insolvency filing, with management continuing to lead operations during court-ordered restructuring.
Operational Progress and Trading Suspension: Despite the insolvency proceedings, Lilium is advancing towards its first manned flight milestone with ongoing assembly of jets and a significant order pipeline; however, Nasdaq has notified the company of a trading suspension for its shares starting November 6.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
