This post was originally published on this site

March 30 (Reuters) – Qell Acquisition Corp.:

* LILIUM ANNOUNCES INTENTION TO LIST ON NASDAQ THROUGH A MERGER WITH QELL ACQUISITION CORP., AND REVEALS DEVELOPMENT OF ITS 7-SEATER ELECTRIC VERTICAL TAKE-OFF AND LANDING JET

* QELL ACQUISITION CORP. – TRANSACTION VALUES COMBINED COMPANY AT APPROXIMATELY $3.3 BILLION PRO FORMA EQUITY VALUE AT $10.00 PER SHARE PIPE PRICE

* QELL ACQUISITION CORP. – COMBINED COMPANY EXPECTED TO ADD BARRY ENGLE TO BOARD, JOINING CURRENT BOARD MEMBERS INCLUDING FORMER AIRBUS CEO TOM ENDERS

* QELL ACQUISITION – UPON DEAL CLOSING, CO WILL BE CALLED LILIUM, AND IT IS ANTICIPATED SHARES WILL BE LISTED ON NASDAQ UNDER TICKER SYMBOL LILM

* QELL ACQUISITION – UPON COMPLETION OF TRANSACTION, DANIEL WIEGAND WILL HOLD 3:1 SUPER VOTING SHARES

* QELL ACQUISITION – PIPE INCLUDES PARTICIPATION FROM INVESTORS INCLUDING BAILLIE GIFFORD, FUNDS AND ACCOUNTS MANAGED BY BLACKROCK, TENCENT, FERROVIAL Source text for Eikon: Further company coverage:

Continue Reading