Lilium, the Munich-based electric aircraft startup, was on the brink of closure earlier this week, with plans to lay off its more than 1,000 employees after failing to secure additional funding. However, on December 24, a surprise announcement revealed that Lilium had signed an asset purchase agreement with Mobile Uplift Corporation, a consortium of investors from Europe and North America. This deal is set to acquire the operating assets of Lilium GmbH and Lilium eAircraft GmbH.
The agreement, contingent on satisfying certain conditions, aims to provide the necessary funding to restart Lilium’s operations. Proceeds from the sale will be handled under German Insolvency Law, with no distribution to Lilium N.V. KPMG, which has been…
