Mynaric AG (MYNA)
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MYNA Chart
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").
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.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Mynaric AG of Class Action Lawsuit and Upcoming Deadlines - MYNA
NEW YORK, NY / ACCESSWIRE / December 30, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Mynaric AG ("Mynaric" or the "Company") (NASDAQ:MYNA) and certain officers. The class action, filed in the United States District Court for the Eastern District Of New York, and docketed under 24-cv-07602 is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Mynaric securities between June 20, 2024 and October 7, 2024, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
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Mynaric AG Profile
| Communications Equipment Industry | Information Technology Sector | Joachim Horwath CEO | NASDAQ (NGS) Exchange | 62857X101 CUSIP |
| DE Country | 314 Employees | - Last Dividend | - Last Split | 12 Nov 2021 IPO Date |
Overview
Mynaric AG is at the forefront of laser communication technology, focusing on long-distance data transmission across a variety of platforms, including terrestrial, airborne, and space segments. Established in 2009 and headquartered in Gilching, Germany, the company has broadened its geographical operations to envelop key markets in the United States, Canada, and Belgium. Mynaric AG specializes in crafting high-precision connectivity solutions that cater to satellites, high-altitude platforms, unmanned aerial vehicles, and aircraft, aiming to revolutionize the way data is transmitted across vast distances. Through its innovative approach and dedication to technology development, Mynaric AG has established itself as a significant player in the field of advanced wireless communication.
Products and Services
CONDOR Optical Inter-Satellite Link Flight Terminal: This state-of-the-art terminal is crafted for satellite-to-satellite communications, enabling high-speed data transfer in space. It represents a cornerstone in Mynaric AG's product line, offering a robust solution for establishing seamless connectivity between satellites. The CONDOR terminal is designed to endure the rigors of space, ensuring reliable, uninterrupted data transmission across vast distances.
HAWK Airborne Flight Terminal: Geared towards air-to-air and air-to-ground links, the HAWK terminal supports data connectivity for airborne vehicles, including unmanned aerial vehicles and aircraft. This product exemplifies Mynaric AG's versatility in addressing both airborne and terrestrial communication needs, facilitating an efficient information exchange above the ground. The HAWK's advanced technology enables a secure, swift transfer of data, making it indispensable for modern aerial operations.
