Summary by Futu AI
Lilium N.V., a foreign private issuer, has reported to the U.S. Securities and Exchange Commission (SEC) that it has entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc. on July 26, 2024. Under this agreement, Lilium may offer and sell up to $100 million of its Class A ordinary shares. The initial offering of up to $33 million will be under the company's shelf registration statement on Form F-3, effective since October 12, 2022, with the remaining $67 million subject to SEC approval of a new registration statement. Sales will be conducted as 'at the market offerings,' and B. Riley will receive a commission for its services. The agreement includes customary indemnification rights and reimbursement of certain expenses for B...Show More