Renowned eVTOL company Lilium's stock price plummeted by 55%, and its main subsidiary will file for bankruptcy
hizzq
发表于 2024-10-25 12:53:03
3739
0
0
During Thursday's US stock market session, Lilium, a well-known German electric vertical takeoff and landing (eVTOL) company, saw its stock price plummet by over 55%. The company had previously announced that its two major subsidiaries would file for bankruptcy in the coming days.
In a document submitted to US regulators on Thursday, Lilium, which is listed on NASDAQ, stated that it failed to raise enough additional funds to sustain the normal operations of its two main subsidiaries, Lilium GmbH and Lilium eAircraft GmbH.
Due to insufficient funds, the heads of these subsidiaries have determined that they are already "heavily indebted" and will not be able to pay their maturing debts in the coming days.
The document also mentioned that Lilium's subsidiary management has notified the parent company that they will have to file for bankruptcy under German law and will apply for self management procedures in Germany in the process of doing so. Self management procedure is a legal procedure that allows a company to maintain control over its business during the bankruptcy process, rather than handing over control to the bankruptcy administrator. This is usually a step taken when a company is facing financial difficulties but still has the ability to manage its daily operations.
As of the reporting date, the subsidiary only has limited cash to sustain operations. Unless the subsidiary receives additional funding, they will not be able to carry out their ongoing operations as usual.
Previously, Lilium had attempted to persuade the German federal government to provide national support for it, but ended in failure. Lilium attempted to raise a loan of 50 million euros (54 million US dollars) from the government, but this request was rejected by the Budget Committee of the German Federal Parliament.
Overall, Lilium originally attempted to raise 100 million euros in convertible loans. The German state-owned development bank, Renaissance Credit Bank, originally planned to provide a national aid loan, but this aid was rejected by the federal government.
After being rejected by the federal government, Lilium continued to negotiate separately with the southeastern German state of Bavaria, which is Lilium's headquarters, seeking at least 50 million euros in funding support.
However, Lilium stated on Thursday that it has not yet reached a "principle agreement" with the state of Bavaria. The company claims that once its subsidiaries file for bankruptcy, they generally do not need to repay any debts prior to filing for bankruptcy, and adds that creditors will typically be "prohibited from pursuing any claims against these companies
It is worth noting that the planned bankruptcy filing of these subsidiaries may result in Lilium ultimately being delisted from the NASDAQ exchange or its stocks being suspended.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
-
南方財経は11月12日、百済神州が2024年第3四半期の報告書を発表し、同社の第3四半期の営業収入は71.39億元で、前年同期比26.9%増加した。上場企業の株主に帰属する純利益は-8.09億元で、主に前年同期に百時米施貴宝 ...
- 1900_后
- 前天 20:21
- 支持
- 反对
- 回复
- 收藏
-
北京商報(何倩記者)は11月14日、「チャトンと野菜を買ってサウジに出航した」との情報に対し、チャトンと野菜を買った関係責任者は北京商報記者に対し、関連業務はまだ初歩的な模索にすぎず、しばらく詳細な情報 ...
- 柔柔树呆熊呆j
- 刚刚
- 支持
- 反对
- 回复
- 收藏
-
【過去最高!暗号化通貨が突然暴騰トランプ氏が最大の推力に?】11月10日、暗号化通貨が集団で動き、午後はさらに上昇に拍車をかけた。このうち、20時現在、ビットコインは8万ドル/枚の大台に乗り、史上初めて、日 ...
- hecgdge4
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
黄仁勲が最新発表! 11月13日、英偉達の黄仁勲CEOは英偉達日本サミットで、日本最大のAI工場を含むソフトバンクと協力して日本にAIインフラを構築すると発表した。ソフトバンクの孫正義元会長兼社長は、「ソフトバ ...
- tomy123123
- 昨天 14:57
- 支持
- 反对
- 回复
- 收藏