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B. Riley Securities Served as Sole Bookrunner in Connection with Lilium N.V.’s $114 Million Financing

LOS ANGELES, June 10, 2024 -- B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunner and underwriter to Lilium N.V. (NASDAQ: LILM) ("Lilium"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet and a global pioneer in Regional Air Mobility (RAM).

Matt Feinberg, Managing Director at B. Riley Securities, commented, "Our team is thrilled to once again partner with Lilium to deliver this timely solve, enabling the Company to focus on achieving the first manned flight of the Lilium Jet later this year."

Lilium 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. 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. For more information, visit www.lilium.com.

B. Riley's investment banking team was led by Patrice McNicoll and Matt Feinberg and included John Stack and Mason Boh. Our capital markets team was led by Jimmy Baker and included Ryan Aceto, Dawn Farrell, Kathy Innis and Sam Cook. Read more about the transaction here.


About B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and investment banking for over 25 years. We provide a full suite of investment banking and capital markets services to companies, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, debt financings, corporate restructuring and recapitalization. Widely recognized for our thematic proprietary equity research, clients benefit from B. Riley's extensive network, industry expertise, and proven execution capabilities of our end-to-end financial services platform. Please see disclosures about B. Riley Securities Research here. The firm is a subsidiary of B. Riley Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.

In addition to B. Riley Securities, B. Riley Financial operates through several wholly owned subsidiaries, including: B. Riley Capital Management, an SEC-registered investment adviser, which provides advisory services to private funds; B. Riley Wealth Management, a FINRA-registered broker-dealer and member SIPC, which offers securities and variable insurance products; B. Riley Wealth Advisors, an SEC-registered investment adviser, which provides fee-based asset management and advisory services; B. Riley Wealth Portfolio Advisers, an SEC-registered investment adviser, which provides advisory and sub-advisory services, some through separately managed accounts using model portfolio; B. Riley Wealth Private Shares, an SEC-registered investment adviser, which provides advisory services to private funds; and B. Riley Principal Investments which makes proprietary investments in other businesses.

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