MYNA
Mynaric AG American Depository SharesMYNA
MYNA
Delisted
MYNA was delisted on the 14th of February, 2025.
About: Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.
Employees: 314
Financial journalist opinion
Neutral
Accesswire
2 months ago
Mynaric Announces Peter Müller-Brühl as New Chair of Supervisory Board
Peter Müller-Brühl elected Chair of Mynaric's Supervisory Board, with Dr Manfred Krischke elected Vice-Chair MUNICH, DE / ACCESS Newswire / April 29, 2025 / Mynaric (FRA:M0YN)(OTC:MYNAY), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced that existing Mynaric Supervisory Board member Peter Müller-Brühl has been elected Chair of the Supervisory Board, effective from April 24, 2025. Müller-Brühl, who has been a member of the company's Supervisory Board since July 2018, replaces Bulent Altan who resigned as Chair and member of the Supervisory Board on April 1, 2025.
Neutral
PRNewsWire
4 months ago
Mynaric Updates on Operational Continuity and Ongoing Production and Deliveries
Mynaric is continuing to ramp up and increase deliveries of its flagship CONDOR Mk3 StaRUG proceedings intended to place company on secure financial footing moving forward MUNICH , March 10, 2025 /PRNewswire/ -- Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today confirms that it is continuing to ramp up production and customer deliveries of the CONDOR Mk3 optical communications terminal and updates on the background to the company's StaRUG proceedings. "We are continuing to deliver on our promise to the industry to provide scalable products that meet evolving program requirements, and drive innovation in areas such as multi-orbit constellations.
Neutral
Accesswire
4 months ago
Mynaric Updates on Operational Continuity and Ongoing Production and Deliveries
Mynaric is continuing to ramp up and increase deliveries of its flagship CONDOR Mk3 StaRUG proceedings intended to place company on secure financial footing moving forward MUNICH, DE / ACCESS Newswire / March 10, 2025 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today confirms that it is continuing to ramp up production and customer deliveries of the CONDOR Mk3 optical communications terminal and updates on the background to the company's StaRUG proceedings. "We are continuing to deliver on our promise to the industry to provide scalable products that meet evolving program requirements, and drive innovation in areas such as multi-orbit constellations.
Neutral
Accesswire
5 months ago
Mynaric Announces Receipt of Delisting Notice from Nasdaq
MUNICH, GERMANY / ACCESS Newswire / February 13, 2025 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, announces that it received a delisting notification dated February 10, 2025 (the "Delisting Notice") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq"). As previously disclosed, on February 7, 2025, Mynaric's management board, with the approval of its supervisory board, resolved on a financial restructuring by proceedings under the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen) and notified the competent Munich Local Court - Restructuring Court - of such restructuring project (the "StaRUG Proceeding").
Neutral
Accesswire
5 months ago
Mynaric Secures Another USD 28 Million Bridge Loan, Extends Three Outstanding Bridge Loans, Agrees to USD 25 Million Restructuring Loan and Resolves on Reorganization Under StaRUG
MUNICH, DE / ACCESS Newswire / February 7, 2025 / Mynaric AG (NASDAQ:MYNA) (ISIN: US62857X1019) (FRA:M0YN) (ISIN: DE000A31C305) (the "Company") announces the grant of a fourth bridge loan, the extension of the maturity date of its three outstanding bridge loans, agrees to a new restructuring loan and resolves on a financial restructuring by proceedings under the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen ("StaRUG"). Bridge Loans The Company today entered into an amendment to its existing loan agreement with its U.S.-based lenders CO FINANCE II LVS I LLC and OC III LVS LIII LP ("U.S. Lenders"), which are funds affiliated with the U.S.-based global investment management firm Pacific Investment Management Company LLC ("PIMCO"), pursuant to which the U.S. Lenders agreed to provide a fourth bridge loan in the amount of USD 28 million.
Neutral
Accesswire
5 months ago
Mynaric Extends Maturity of Three Existing Bridge Loans Until February 7, 2025 and Expects Additional Bridge Loan, Restructuring Loan and Application for StaRUG Proceedings
MUNICH, DE / ACCESS Newswire / January 31, 2025 / Mynaric AG (NASDAQ:MYNA)(ISIN: US62857X1019)(FRA:M0YN)(ISIN: DE000A31C305) (the "Company") announces the extension of the maturity of its three bridge loans and the expectation to agree on a fourth bridge loan, a separate restructuring loan and an application for the initiation of a financial reorganization under the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen ("StaRUG"). New maturity date of bridge loans The Company today entered into an amendment to its existing loan agreement with its U.S.-based lenders, which are funds affiliated with a U.S.-based global investment management firm (the "Lenders"), pursuant to which the Lenders have agreed to extend the maturity date of the three existing bridge loans in the aggregate amount of USD 21.5 million from January 31, 2025 to February 7, 2025.
Neutral
Accesswire
5 months ago
Mynaric Announces Receipt of Deficiency Letter from Nasdaq
MUNICH, DE / ACCESS Newswire / January 29, 2025 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, announces that it received a notification letter dated January 23, 2025 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that Mynaric is no longer in compliance with the Nasdaq continued listing criteria, including the Nasdaq Listing Rule 5450(a)(1) due to its failure to meet the minimum closing bid price per share of Mynaric's American Depositary Shares representing its ordinary shares (the "ADS") of $1.00 for a period of 30 consecutive business days (the "Minimum Bid Price Requirement"). The Deficiency Letter has no immediate effect on the listing of Mynaric's ADS, which continue to trade under the symbol "MYNA.
Neutral
Accesswire
6 months ago
Mynaric Announces Receipt of Deficiency Letters from Nasdaq
MUNICH, DE / ACCESSWIRE / January 15, 2025 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it received a notification letter dated January 9, 2025 (the "Deficiency Letter I") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that Mynaric is no longer in compliance with the Nasdaq continued listing criteria, including the Nasdaq Listing Rule 5250(c)(2) due to its failure to file an interim balance sheet and income statement as of the end of its second quarter on Form 6-K no later than six months following the end of the Mynaric's second quarter (the "Interim Reporting Requirement"). Furthermore, Mynaric today announced that it received a notification letter dated January 13, 2025 (the "Deficiency Letter II") from Nasdaq notifying that Mynaric is no longer in compliance with Listing Rule 5620(a) due to its failure to hold an annual meeting of shareholders within twelve months of the end of the Mynaric's fiscal year (the "Annual Meeting Requirement").
Neutral
Accesswire
6 months ago
Mynaric Updates Guidance on 2024 Key Performance Indicators, Lowering Revenue and Optical Communications Terminal Backlog Guidance
MUNICH, DE / ACCESSWIRE / January 3, 2025 / Mynaric AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the "Company") updates its full-year 2024 guidance published on August 20, 2024, for two of its key financial performance metrics. IFRS-15 revenue: the Company now anticipates full-year 2024 IFRS-15 revenue of EUR 14.1 million compared to previous guidance of a range estimating between EUR 16.0 million to EUR 24.0 million.
Neutral
PRNewsWire
6 months ago
MYNA DEADLINE TODAY: MYNA Investors Have Opportunity to Lead Mynaric AG Securities Fraud Lawsuit
NEW YORK , Dec. 30, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Mynaric AG (NASDAQ: MYNA) securities between June 20, 2024 and October 7, 2024, both dates inclusive (the "Class Period"), of the important December 30, 2024 lead plaintiff deadline. So what: If you purchased Mynaric securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
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