The eVTOL Startup Lilium Is Reportedly in Merger Talks With the High-Flying SPAC Qell Acquisition Corp. (QELL)

The eVTOL Startup Lilium Is Reportedly in Merger Talks With the High-Flying SPAC Qell Acquisition Corp. (QELL)

3 years ago
Anonymous $hYN7Hy7o7J

https://wccftech.com/the-evtol-startup-lilium-is-reportedly-in-merger-talks-with-the-high-flying-spac-qell-acquisition-corp-qell/

Lilium, the German manufacturer of on-demand air taxi service via electric vertical takeoff and landing (eVTOL) aircraft, is reportedly in talks to go public by merging with a Special Purpose Acquisition Company (SPAC).

According to the report released on Bloomberg terminal just moments ago, Lilium is purportedly holding merger talks with the high-flying SPAC Qell Acquisition Corp. (NASDAQ:QELL). The SPAC is currently involved in attracting PIPE investments for the proposed merger, which would see Lilium valued at over $2 billion.