Lilium NV (NASDAQ:LILM) shares are trading lower by 11% to 8 cents Monday morning after the company received a notice from Nasdaq indicating the impending suspension and delisting of its Class A ordinary shares and warrants. What To Know: This decision follows insolvency filings by Lilium’s key German subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, in the Weilheim local court. These subsidiaries applied for self-administration proceedings under Section 270(a) of the German Insolvency Code, allowing them to attempt restructuring while under court supervision. Nasdaq’s determination, made o…