To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. IPOB (before it announced a deal with OpenDoor) fell from $12+ to $10.5. The company's other backers include Tencent , Atomico, Freigeist and LGT. Lilium Announces IPO and Unveils its 7-Seat eVTOL Jet. IPO date: July 15, 2020 Capital raised: $300 million D8 Holdings ( DEH , $9.95) is a blank check company that has a deep bench of executives with experience at major consumer brands. 2) Lilium to list on Nasdaq in $3.3 billion SPAC deal. SPACs generally declined for a few weeks before things returned to normalcy. The first SPAC collapse I was around for was in late August. The fresh funding takes Lilium's total investment to date to more than $375 million. Founder and CEO: Bom Suk Kim Founded: 2010 S1 File IPO Date: March 12, 2021. With no infrastructure required between take-off and landing, connections can be established across any geography, at less than 1% of the cost of a similar high-speed rail link. SPACs are event-driven trades rich in catalysts before merger closing featuring a $10 hard floor. Germany-based air taxi startup Lilium has announced their intentions to list on Nasdaq via a merger with a SPAC called Qell Acquisition Corp. ALWAYS be cognizant of risk/reward. FSR (then SPAQ) fell from $22 to sub $12. Munich-based aviation startup Lilium announced on Monday a $35 million investment management partnership which adds UK-based investment management firm Baillie Gifford as a new investor. The all-electric Lilium Jet takes off and lands vertically, enabling it to deliver connections from city center to city center with direct flights of up to one hour. Risking $0 to make $3 way better than risking $35 to make $15. ... To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. A 30% move in a SPAC from $10 -> $13 is FAR superior than in a SPAC from $45 -> $60. To date, Lilium has secured approximately $200 million of commitments from infrastructure partners, including Ferrovial and Tavistock Development Company. 'Working day and night' The transaction values Lilium at $3.3 billion. Ducted engines provide a high payload at low footprint, enabling the use of existing helipads. Up to 14 vertiports are already planned in Florida. Gitlab GitLab is a web-based DevOps lifecycle tool that provides a Git-repository manager providing wiki, issue-tracking, and continuous integration and deployment pipeline features, using an open-source license, developed by GitLab Inc. The partnership extends Lilium's current funding round to more than $275 million, and more than $375 million to date to fund the development of its VTOL aircraft. It has designed and prototyped the Lilium Jet, a brand-new type of aircraft that will enable it to deliver regional journeys that are considerably faster than rail or road, yet competitive in price. Investor Webcast. ... JPMorgan Securities LLC and Barclays Capital Inc. acted as the joint book-running managers of Qell’s IPO. With fixed wings, embedded distributed propulsion and no tail the Lilium Jet is highly efficient in cruise flight. Low noise profile. The demonstrator aircraft first flew in … Market-leading payload. Then came the SPACpocalypse of September - … Lilium is an aviation company developing an emissions-free regional air mobility service.