Shares of all-electric vertical take-off and landing (eVTOL) jet developer Lilium (NASDAQ:LILM) have soared nearly 15% this month and today it has announced major changes to its top brass.
LILM has appointed Oliver Vogelgesang as its Chief Financial Officer and Sebastien Borel as its Chief Commercial Officer. Geoffrey Richardson who oversaw LILM’s NASDAQ listing has stepped down as CFO of the company.
Further, the company has also closed a $119 million capital raise in the fourth quarter. It is now focusing on setting up the first prototypes of its conforming aircraft.
Despite the recent price gains, shares of the company are still down about 78% over the past 52 weeks. Analysts in the meantime have assigned the stock a Hold rating alongside an average price target of $4. This points to a massive 187.77% potential upside in the stock.
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