Lilium: Future Of Regional Transportation
Lilium and Qell Acquisition completed the SPAC business combination last week. The SPAC was hit with 65% of SPAC shareholders redeeming shares, but the transaction still raised $584 million due to a large PIPE at $10. The stock is compelling below the $10 PIPE price for shareholders willing to ride the high volatility in the eVTOL space. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More » The recent closing of the SPAC deal between Lilium GmbH ( LILM ) and Qell Acquisition Corp. enters another public company into the electric air mobility space. The company is unique in its focus on developing an all-electric jet targeted on regional transportation, as opposed to the air taxi focus of other competitors. My investment thesis is Neutral on the stock with the rally back to nearly $11, following the closure of the deal with other peer stocks trading below $10. Read the full article on Seeking Alpha. Disclosure: No...