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Why Lilium Shares Are Dropping

Lilium announced $114 million in financing, including the pricing of a $40 million underwritten public offering of 38,095,238 of the company's Class A ordinary shares and warrants to purchase 38,095,238 shares, as well as a concurrent $50 million private placement of 47,573,111 Shares and warrants to purchase 47,573,111 shares.

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Why Lilium Stock Is Taking Off Today

All-electric vertical take-off and landing jet company Lilium announced a new partnership with UrbanLink to operate Lilium Jets in South Florida. Under the agreement, UrbanLink will purchase 20 Lilium Jets, with scheduled pre-delivery payments, and become the first airline in the U.S. fully committed to integrating eVTOL aircraft into its fleet.

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