Lilium (LILM) Registration Filing summary

Company overview and business model

• Focuses on developing electric vertical take-off and landing (eVTOL) aircraft for high-speed, regional air mobility networks, aiming for sustainable, low-emission travel and increased connectivity for communities.

• Business model includes sales to business aviation customers (private/fractional ownership) and turnkey enterprise solutions for operators, with aftermarket services.

• Ongoing efforts include finalizing aircraft design, certification with EU and US regulators, supplier quality, and manufacturing capacity build-out.

• Funding strategy combines cash on hand, non-dilutive financing (debt, government support, pre-delivery payments), and potential equity issuance.

• Evaluates strategic opportunities, including partnerships, joint ventures, and additional investments, which may involve further equity issuance.

Use of proceeds and capital allocation

• Net proceeds from securities sales and warrant exercises will be used for general corporate purposes and other business opportunities.

Risk factors and disclosures

• Investment involves a high degree of risk, with material risks detailed in the “Risk Factors” section and incorporated documents.

• Risks include uncertainties in a rapidly changing industry, reliance on forward-looking statements, and potential for actual results to differ materially.