Qell Acquisition Corp.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Barry L. Engle II
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 505 Montgomery Street San Francisco CA United States of America
- IPO Date
- Nov 23, 2020
- CIK
- 0001821171
- Website
- qellspac.com
- Similar Companies
- Business
- Qell Acquisition Corp. (QELL) is a blank check company, or special purpose acquisition company (SPAC), whose primary business is to pursue a merger, capital stock exchange, asset acquisition, stock purchase, share exchange, reorganization, or similar combination with one or more businesses or assets, with a focus on next-generation mobility, transportation, and sustainable industrial technology sectors. Founded in 2020 and headquartered at 505 Montgomery Street, Suite 1100, San Francisco, California, the company offers no current products or services beyond its SPAC structure, including units comprising common stock and warrants; it maintains cash held in trust from its September 2020 initial public offering of approximately $380 million, managed by underwriters such as J.P. Morgan and Barclays. The company's experienced management team, led by CEO Barry Engle, former President of General Motors North America, and CFO Sam Gabbita, leverages expertise in automotive, clean energy, and mobility investments to identify and execute a business combination. In September 2021, Qell completed a definitive business combination with Lilium GmbH, a developer of electric vertical takeoff and landing (eVTOL) jets, resulting in Lilium listing on Nasdaq under the ticker LILM with approximately $584-830 million in gross proceeds from PIPE investments by entities including BlackRock, Tencent, Palantir, and PIMCO; Qell shareholders overwhelmingly approved the transaction on September 10, 2021, marking the SPAC's primary strategic milestone with no reported subsequent acquisitions, extensions, or liquidations as of late 2025.
Upcoming Deadline: Bronstein, Gewirtz & Grossman, LLC Notifies Lilium N.V. f/k/a Qell Acquisition Corp. (LILM, LILMW, QELL, QELLU, QELLW) Investors of Class Action and Encourages Investors to Contact the Firm
Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Lilium N.V. f/k/a Qell Acquisition Corp. (LILM, LILMW, QELL, QELLU, QELLW) Investors of Class Action and Encourages Investors to Contact the Firm
Lilium closes business combination with Qell Acquisition Corp., will begin trading on Nasdaq under the symbol "LILM" on September 15
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