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25 items- NEWSMynaric Expects the Capital Reduction to Zero and Subsequent Capital Increase to Take Effect Shortly, Resulting in the Current Shareholders to Leave Without Compensation and Trading to EndMUNICH, DE / ACCESS Newswire / July 28, 2025 / Mynaric AG (OTC:MYNAY)(OTC:MOYFF)(ISIN:US62857X1019)(FRA:M0YN; ISIN:DE000A31C305) (the "Company") expects that the capital reduction to zero euros and the subsequent cash capital increase with exclusion of subscription rights, which are provided for in the Company's restructuring plan, will be applied for registration with the commercial register on July 30, 2025, entered shortly thereafter, and thus take effect.As communicated in the ad hoc announcement of May 28, 2025, the majority of those affected by the plan had approved the restructuring plan submitted by the Company in accordance with the German Act on the Stabilization and Restructuring
- NEWSMynaric Advances Laser Communications with Product Deliveries and Technology MilestonesMUNICH, DE / ACCESS Newswire / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal."Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture pr
- NEWSMynaric Announces Approval Of The Majority Of The Groups And Confirmation Of The Starug Restructuring Plan By The Restructuring CourtMUNICH, DE / ACCESS Newswire / May 28, 2025 / Mynaric AG (OTC:MYNAY)(OTC:MOYFF)(ISIN: US62857X1019) (FRA:M0YN)(ISIN: DE000A31C305) (the "Company") announces that the majority of the voting groups at today's discussion and voting meeting (Erörterungs- und Abstimmungstermin) approved the restructuring plan proposed by the Company in accordance with the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen) ("StaRUG"). No party affected by the plan objected to the restructuring plan during the voting procedureThe local court in Munich, as the competent restructuring court, subsequently confirmed the restructuring plan
- NEWSMynaric to Receive Early Partial Disbursement of Restructuring Loans Due to Delays in StaRUG ProceedingsMUNICH, DE / ACCESS Newswire / May 9, 2025 / Mynaric AG (OTC:MYNAY)(MOYFF) (ISIN: US62857X1019) (FRA:M0YN) (ISIN: DE000A31C305) (the "Company") announces the early disbursement of up to USD 10.5 million from the already agreed USD 25 million restructuring facility by its existing lenders due to delays in StaRUG proceedings.On February 7, 2025, the Company had announced, among other things, that it resolved on commencing restructuring proceedings in accordance with the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen) ("StaRUG") and on a loan agreement with its U.S.-based lenders CO FINANCE II LVS I LLC and OC I
- NEWSMynaric Announces Peter Müller-Brühl as New Chair of Supervisory BoardPeter 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.The Supervisory Board also elected Dr Manfred Krischke as Vice-Chair
- NEWSMynaric AG: Resignation of Bulent Altan as Chairman and Member of Supervisory BoardMUNICH, DE / ACCESS Newswire / March 28, 2025 / Mynaric AG (FRA:M0YN)(OTC:MYNAY) (the "Company") announces that Bulent Altan today has tendered his resignation as Chairman and Member of the Supervisory Board of the Company for personal reasons effective April 1, 2025.Bulent Altan was elected Chairman of the Supervisory Board of the Company following his election as member of the Supervisory Board by the General Assembly in August 2023.The Supervisory Board of the Company will conduct a new election for the role of Chairman without undue delay. A new member will be appointed in due course in accordance with the provisions of applicable stock corporation act (Aktiengesetz).About MynaricMynaric
- NEWSMynaric Updates on Operational Continuity and Ongoing Production and DeliveriesMynaric is continuing to ramp up and increase deliveries of its flagship CONDOR Mk3StaRUG 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
- SECSEC Form SCHEDULE 13D filed by Mynaric AGSCHEDULE 13D - Mynaric AG (0001850453) (Subject)
- NEWSMynaric Announces Receipt of Delisting Notice from NasdaqMUNICH, 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 t
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- NEWSMynaric Secures Another USD 28 Million Bridge Loan, Extends Three Outstanding Bridge Loans, Agrees to USD 25 Million Restructuring Loan and Resolves on Reorganization Under StaRUGMUNICH, 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 LoansThe 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 fun
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- NEWSMynaric Extends Maturity of Three Existing Bridge Loans Until February 7, 2025 and Expects Additional Bridge Loan, Restructuring Loan and Application for StaRUG ProceedingsMUNICH, 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 loansThe 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
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- NEWSMynaric Announces Receipt of Deficiency Letter from NasdaqMUNICH, 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 b
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- PRMynaric Announces Receipt of Deficiency Letters from NasdaqMUNICH, 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 qua
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- PRMynaric Updates Guidance on 2024 Key Performance Indicators, Lowering Revenue and Optical Communications Terminal Backlog GuidanceMUNICH, 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. The guidance decrease reflects shipments of CONDOR Mk3 terminals, originally expected to ship in late 2024, to slip into early 2025, due to shortages of key components from suppliers. These delays resulted in approximately EUR 2.6 million of revenue for t
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- PRMynaric Secures Another USD 5.0 million Bridge Loan to Meet Immediate Working Capital NeedsMUNICH, GERMANY / ACCESSWIRE / December 23, 2024 / Mynaric AG (NASDAQ:MYNA) (ISIN: US62857X1019) (FRA:M0YN) (ISIN: DE000A31C305) (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, pursuant to which such lenders have agreed to provide a third bridge loan in the amount of USD 5.0 million. Such bridge loan is in addition to the USD 95 million originally provided under such loan agreement and the two bridge loans in the aggregate amount of USD 16.5 million that such lenders agreed to provide in October 2024 and November 2024.As is the case for the existing USD
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- SECSEC Form 6-K filed by Mynaric AG6-K - Mynaric AG (0001850453) (Filer)
- PRMynaric Enters into Negotiation for Further Funding with Existing Lender Subject to Financial Reorganization Under StaRUG, and Postpones Upcoming AGMMUNICH, GERMANY / ACCESSWIRE / December 6, 2024 / Mynaric AG (NASDAQ:MYNA, ISIN: US62857X1019))(FRA:M0YN; ISIN: DE000A31C305) (the "Company") received preliminary notice from its commissioned independent German restructuring expert indicating further future capital need. Based on these preliminary findings, the Company has entered into negotiations with its primary lender (the "Lender"), affiliates of a US-based global investment management firm, to resolve upon an extension of the US$16.5 million bridge loans maturing on December 30, 2024, as well as to provide additional capital needed to support the Company's production ramp and fund its on-going operations per the Company's restructuring
- PRMynaric Secures USD 11 Million Bridge Loan and Expects to Agree on an up to USD 9 Million Production Increase Incentive Agreement to Meet Immediate Working Capital NeedsMUNICH, GERMANY / ACCESSWIRE / November 15, 2024 / Mynaric AG (NASDAQ:MYNA)(ISIN: US62857X1019)(FRA:M0YN)(ISIN: DE000A31C305) (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, pursuant to which such lenders have agreed to provide a bridge loan in the amount of USD 11 million. Such bridge loan is in addition to the USD 95 million originally provided under such loan agreement and an initial bridge loan in the amount of USD 5.5 million that such lenders agreed to provide on October 2, 2024.As is the case for the original USD 95 million term loans and the init
MYNA FAQ
7 questionsWhat does Mynaric AG do?
Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance wireless data transmission between moving objects for terrestrial, airborne, and space applications in Germany and internationally. The company offers CONDOR, an optical inter-satellite link flight terminal for satellite-to-satellite communications in space; and HAWK, an airborne flight terminal for air-to-air and air-to-ground links of airborne vehicles. Its products provide connectivity solutions to link satellites, high-altitude platforms, unmanned aerial vehicles, aircraft, and the...Where does MYNA stock trade?
Mynaric AG (MYNA) is listed on NASDAQ.What sector and industry is MYNA in?
Mynaric AG operates in the Consumer Discretionary sector, Telecommunications Equipment industry.When did Mynaric AG go public?
Mynaric AG (MYNA) completed its IPO in 2021.What are analysts saying about MYNA?
Mynaric AG has had 4 recent analyst actions on file. The most recent action was from Credit Suisse: Outperform with a $1000.00 price target on 2022-10-12. Recent price targets range from $1000.00 to $4000.00.What companies are similar to MYNA?
Notable peers in the same industry include TMUS (T-Mobile US Inc.), VZ (Verizon Communications Inc.), GLW (Corning Incorporated), T (AT&T Inc.), AMX (America Movil S.A.B. de C.V.). Compare MYNA side-by-side with any of them on Quantisnow.How can I track MYNA on Quantisnow?
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