Lilium N.V. entered into securities purchase agreement with certain qualified investors for private placement of 69,024,939 class A ordinary shares at a price of $1.30 per share for gross proceeds of $89,732,420.7 on November 18, 2022. The company will also issue warrants exercisable for an aggregate of 34,512,466 class A ordinary shares with an exercise price of $1.30 per share. The transaction will include participation from a number of investors including returning investor Tencent Holdings Ltd., Investment Arm for $15,000,000; Barry Engle for $100,000; David Wallerstein for $600,000; Niklas Zennström for $100,000; and Klaus Roewe for $50,000.

The transaction is expected to close on or around November 22, 2022.