The vertical take-off and landing jet developer, an Unternehmertum spinout, is joining forces with the Nasdaq-listed Qell Acquisition Corp.
Lilium, a Germany-headquartered aircraft developer spun out of Technical University of Munich, agreed today to undertake a reverse takeover with special purpose acquisition company Qell Acquisition Corp.
The transaction will give the merged company a $3.3bn pro forma equity valuation. It will take the spot on the Nasdaq Capital Market acquired by Qell in a $330m initial public offering in October 2020.
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