LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM, LILMW) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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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.
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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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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