Lilium drops 60% with subsidiaries expected to file for insolvency in Germany
Lilium N.V. (NASDAQ:LILM) plunged in early trading on Thursday after the eVTOL company disclosed that it received an indication that the budget committee of the parliament of the Federal Republic of Germany would not approve a €50 million guarantee of a contemplated €100 million convertible loan for Lilium (LILM) from KfW.