Lilium, a German startup that’s making an all-electric vertical takeoff and landing passenger jet, is in talks to go public through a merger with Qell Acquisition Corp.
Just five years after being recruited for an executive post at General Motors Co., Barry Engle in November 2019 ascended to president of the automaker’s $100 billion North American business, the company’s profit center.
Stock in special purpose acquisition company DiamondPeak pulled back from a steeper decline to trade down more than 5% Tuesday afternoon. It apparently is a reaction to an issue involving Workhorse, but that’s wrong-headed. Trading in the stocks should be the other way around.
Qell Acquisition, a blank check company formed by PIMCO and industry veterans targeting a sustainable tech business, filed on Friday with the SEC to raise up to $300 million in an initial public offering.