Law Offices of Howard G. Smith announces an investigation on behalf of Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM, LILMW) investors concerning the Company’s possible violations of federal securities laws.
On October 24, 2024, Lilium disclosed that it had been unable to secure government funding for two of its German subsidiaries, and had not been able to raise sufficient additional funds to continue operations. As a result, the managing directors of the subsidiaries have determined that they are overindebted and are, or will, become unable to pay their existing liabilities.
On this news, Lilium’s stock price fell $0.335, or 61.6%, to close at $0.209 per share on October 24, 2024, thereby injuring investors.
If you purchased Lilium securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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