Summary by Moomoo AI
Lilium N.V., an electric aircraft developer, has been notified by Nasdaq on February 22, 2024, that it is not meeting the minimum bid price requirement of $1.00 per share for continued listing. The company's Class A Shares have been trading below this threshold for the last 30 consecutive business days, from January 9 to February 21, 2024. Lilium has until August 20, 2024, to regain compliance, which requires its shares to maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. Despite the notice, there is no anticipated impact on Lilium's business operations or its Nasdaq listing status. The company is considering measures to address the issue, including a potential reverse stock split, to meet the Nasdaq's requirements. Lilium, known for its all-electric vertical take-off and landing jet, continues to focus on sustainable high-speed regional transportation and maintains a strong team with a presence in Europe and the U.S.