UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the month of May, 2024
Commission File Number 001-40736
Lilium N.V.
(Translation of registrant’s name into English)
Galileostraße 335
82131 Gauting, Germany
Telephone: +49 160 9704 6857
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F
x Form 40-F ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
CONTENTS
Explanatory Note
On May 13, 2024, Lilium
N.V. (“Lilium”) published a press release announcing that it is in advanced discussions with the French government on plans
to expand its high-volume production capacity with an industrial footprint in France and on potential government subsidies and loan guarantees.
This follows a French government announcement of the talks at the Choose France Summit in Paris on May 13, 2024. If this project
moves forward Lilium estimates that it could result in total future investment by Lilium of up to €400 million into France over several
years, and has the potential to create up to 850 new direct jobs in France.
These discussions are ongoing and the outcome of any such discussions (including the size of Lilium’s ultimate investment) will
depend on a number of variables, many of which are outside of Lilium’s control. There can be no assurances that Lilium’s discussions
with the French government will continue successfully or result in any government subsidies and/or loan guarantees or result in any expansion
of Lilium’s industrial footprint, and related investment, into France.
The press release is furnished as Exhibit 99.1
to this Report on Form 6-K.
Incorporation by Reference
The first and second paragraphs of the
Explanatory Note above are hereby incorporated by reference into the Company’s registration statements on the Forms F-3 filed with
the SEC on May 3, 2024 (File No. 333-279113), November 24, 2023 (File No. 333-275742), September 18, 2023 (File
No. 333-274550), June 9, 2023 (File No. 333-272571), November 25, 2022, as amended or supplemented (File No. 333-268562),
and October 3, 2022, as amended or supplemented (File Nos. 333- 267718 and 333-267719), and the Company’s registration statements
on Form S-8 filed with the SEC on November 18, 2021 (File No. 333-261175) and March 21, 2024 (File No. 333-278148).
Forward-Looking Statements
The information contained
in this Report on Form 6-K and the Exhibit attached hereto contain certain forward-looking statements within the meaning of
the U.S. federal securities laws, including, but not limited to, statements regarding: (i) Lilium N.V.’s and its subsidiaries
(collectively, the “Lilium Group”) proposed business and business model; (ii) the markets and industry in which the Lilium
Group operates or intends to operate, including the estimated potential size of the global eVTOL market; (iii) the anticipated timing
of the commercialization and launch of the Lilium Group’s business in phases, including the Lilium Jet’s entry into service;
(iv) the timing and successful completion of discussions with the French government regarding development of production capacity
in France and the possibility of any related government loans or guarantees, and (v) the size and timing of any prospective investment
by Lilium Group into facilities located in France. These forward-looking statements generally are identified by the words “anticipate,”
“believe,” “could,” “expect,” “estimate,” “future,” “intend,”
“may,” “on track,” “plan,” “project,” “should,” “strategy,” “targeted,”
“will,” “would” and similar expressions. Forward-looking statements are predictions, projections, and other statements
about future events that are based on management’s current expectations with respect to future events and are based on assumptions
and are subject to risk and uncertainties that are subject to change at any time. Actual events or results may differ materially from
those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking
statements in this Report on Form 6-K and the Exhibit attached hereto include those risks and uncertainties discussed in Lilium’s
filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors”
in our Annual Report on Form 20-F for the year ended December 31, 2023, on file with the SEC, and similarly titled sections
in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they
are made. You are cautioned not to put undue reliance on forward-looking statements, and Lilium assumes no obligation to, and does not
intend to, update, or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| Dated: May 13, 2024 |
Lilium N.V. |
| |
|
|
| |
By: |
/s/ Klaus Roewe |
| |
Name: |
Klaus Roewe |
| |
Title: |
Chief Executive Officer and Executive Director |
EXHIBIT INDEX
Exhibit 99.1
Lilium in advanced discussions with French government
to expand industrial footprint with high-volume facilities in France
| · | Lilium is keen to leverage France’s unique
aerospace heritage and vast supplier base in aerospace and electrification to expand its high-volume production capacity of the Lilium
Jet |
| · | Discussion of industrial footprint expansion
into France, potential government subsidies and loan guarantees expected to be concluded in the coming weeks |
| · | Lilium expansion could create up to 850 new direct
jobs in France |
| · | Lilium Jet production expected to boost French
export volumes as vast majority of produced Jets would serve other countries |
MUNICH, GERMANY May 13, 2024 – Lilium
N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and global pioneer
in Regional Air Mobility (“RAM”), today confirmed that it is in advanced discussions with the French government on plans to
expand its high-volume production capacity with an industrial footprint in France and on potential government subsidies and loan guarantees.
This follows a French government announcement of the talks at the Choose France Summit in Paris on May 13.
Lilium is currently evaluating several possible
sites in France, including in the aerospace and battery production hotbeds of Nouvelle Aquitaine, to expand its industrial footprint,
with discussions expected to reach conclusion in the coming weeks. Among the many reasons to choose France, Lilium is attracted by France’s
well-established aerospace industry, expertise in electric mobility, highly skilled workforce, and supportive government environment.
With an estimated total future investment of up to €400 million over several years, Lilium would have the potential to create up
to 850 new direct jobs with this expansion of its industrial footprint.
Founded in 2015, Lilium is a world-leading pioneer
in the field of eVTOL technology and electric regional air mobility; and the only manufacturer worldwide with a certification basis for
eVTOL aircraft in both Europe and the United States.
Initial production of the Lilium Jet began in
2023 at Lilium’s headquarter site close to Munich, Germany. With entry into service of the Lilium Jet planned for 2026, Lilium is
preparing for larger scale production to meet expected global market demand.
Lilium has an order pipeline consisting of over
780 Lilium Jets including binding orders and MoU agreements from operators in the United States, South America, Europe, Asia, and the
Middle East. According to estimates by Morgan Stanley as of 2021, the global eVTOL market could be worth $1 trillion in global revenues
by 2040. The planned new high-volume production facilities in France will serve the global market.
Lilium is currently working with multiple Tier
1 suppliers, including established French players such as Saint-Gobain, Michelin, Expliseat and Ratier-Figeac. By expanding its manufacturing
operations in France, Lilium expects to further leverage France’s unique heritage and vast supplier base in aerospace and electrification.
Contact information for media:
Rainer Ohler
+49 172 4890353
press@lilium.com
Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM)
is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric
vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions,
Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced
sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi
Arabia, Lilium’s 1000+ strong team includes approximately 500 aerospace engineers and a leadership team responsible for delivering
some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are
in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.
Forward Looking Statements
This press release contains
certain forward-looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements
regarding: (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business
model; (ii) the markets and industry in which the Lilium Group operates or intends to operate, including the estimated potential
size of the global eVTOL market; (iii) the anticipated timing of the commercialization and launch of the Lilium Group’s business
in phases, including the Lilium Jet’s entry into service; (iv) the timing and successful completion of discussions with the
French government regarding development of production capacity in France and the possibility of any related government loans or guarantees,
and (v) the size and timing of any prospective investment by Lilium Group into facilities located in France. These forward-looking
statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,”
“estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,”
“should,” “strategy,” “targeted,” “will,” “would” and similar expressions.
Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s
current expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties that are subject
to change at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors
that could cause actual future events to differ materially from the forward-looking statements in this press release include those risks
and uncertainties discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including
in the section titled “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, on
file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov.
Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements,
and Lilium assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result
of new information, future events or otherwise.
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