Lilium (LILM) has released an update.
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Lilium N.V., an electric aircraft manufacturer, has been notified by Nasdaq that it is not meeting the minimum bid price requirement for continued listing. The company’s stock must reach a minimum bid of $1.00 for at least 10 consecutive business days by January 7, 2025, to regain compliance. Lilium is considering measures such as a reverse stock split to address the issue while its business operations remain unaffected.
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