B. Riley Securities, a middle market investment bank, served as sole bookrunner and underwriter to Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet.

“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,” Matt Feinberg, managing director at B. Riley Securities, said.

B. Riley’s investment banking team was led by Patrice McNicoll and Matt Feinberg and included John Stack and Mason Boh. B. Riley’s capital markets team was led by Jimmy Baker and included Ryan Aceto, Dawn Farrell, Kathy Innis and Sam Cook.