04:54 PM EDT, 06/14/2024 (MT Newswires) -- Lilium (LILM) filed a shelf registration statement Friday covering the potential sale of securities by selling shareholders from time to time.

The filing covers up to 49 million class A shares, which consists of up to 24.5 million class A shares and 24.5 million shares issuable upon exercise of warrants.

The company expects to receive $36.7 million if warrants are exercised in full. Proceeds will be used for development, operations, and general corporate purposes.

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