Shareholders of special purpose acquisition company Qell Acquisition (QELL) overwhelmingly voted to approve a SPAC merger with electric air transportation developer Lilium GmbH.
More than 98% of Qell shareholders at an extraordinary general meeting on Friday voted in favor of the business combination with Lilium, which the companies proposed in March.
The SPAC merger is expected to close Tuesday, subject to the satisfaction or waiver of customary closing conditions, according to a Qell statement. The combined company's Class A common stock will be listed on Nasdaq under....More>>>