The eVTOL Startup Lilium Is Reportedly in Merger Talks With the High-Flying SPAC Qell Acquisition Corp. (QELL)
By Rohail Saleem / Mar 3, 2021 15:36 EST
Lilium, the German manufacturer of on-demand air taxi service via electric vertical takeoff and landing (eVTOL) aircraft, is reportedly in talks to go public by merging with a Special Purpose Acquisition Company (SPAC).
According to the report released on Bloomberg terminal just moments ago, Lilium is purportedly holding merger talks with the high-flying SPAC Qell Acquisition Corp. (NASDAQ:QELL). The SPAC is currently involved in attracting PIPE investments for the proposed merger, which would see Lilium valued at over $2 billion.
