Stocks Will Be Available On The Nasdaq

Lilium reveals the completion of its business combination with Qell, a publicly listed special purpose acquisition company, approved by Qell’s shareholders on September 10. 98% of the votes were in favor of this combination. 

Beginning September 15, 2021, Lilium's Class A ordinary shares and redeemable warrants will trade on the Nasdaq under the symbols "LILM" and "LILMW", respectively.

"In 2015 with the clear vision that the decarbonization of aviation is inevitable, we set out to build a team and product that would radically transform the way the world moves,” said Daniel Wiegand, Co-Founder and CEO of Lilium. “Six years and five generations of technology demonstrator aircraft later, we're closer than ever to this goal. Today's milestone will bring us even closer to launching our service in 2024 and making sustainable, high-speed regional air travel a reality to communities around the world."

Qell is equally pleased with the combination. "We see Lilium as a once-in-a-lifetime opportunity that will be at the forefront of a whole new industry,” said Barry Engle, CEO and Co-Founder of Qell. “Lilium has the capacity to revolutionize regional travel, saving people hours so they can quickly travel from city to city. Using its 7-Seater Lilium Jet, Lilium's regional shuttle service should enable sustainable, high-speed transportation. Qell is proud to bring this exciting company to the public markets." 

Tom Enders, will become Chairman of the Board: "Shareholders, management and more than 700 employees are united in their quest for sustainable aviation for everybody,” Tom Enders, Chairman of the Board, said.

“It will not be an easy journey but we have the technology, the team and the resources to be very confident that Lilium will make it happen. Our role as a Board of Directors is to make strategic decisions, to supervise, to coach and to advise. I am proud to be leading one of the most diverse and competent Boards in our industry."

FMI: https://lilium.com, https://qellspac.com