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 qua

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. 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

MUNICH, 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

MUNICH, 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

MUNICH, 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

MUNICH, GERMANY / ACCESSWIRE / October 2, 2024 / Today, Mynaric AG (NASDAQ:MYNA) (ISIN: US62857X1019) (FRA:M0YN) ISIN: DE000A31C305) (the "Company") entered into an amendment to its existing USD 95 million loan agreement with its U.S.-based lenders, which are funds affiliated with a U.S.-based global investment management firm, pursuant to which the lenders have agreed to provide a bridge loan in the amount of USD 5.5 million.As is the case for the existing USD 95 million term loan agreement, the bridge loan will be guaranteed and secured by the Company and each of its subsidiaries and bear interest at a rate equal to the Term Secured Overnight Financing Rate (SOFR) for a 3-month tenor, subj

Shipments will support the Space Development Agency's Tranche 1 program MUNICH, Sept. 16, 2024 /PRNewswire/ --  Mynaric (NASDAQ:MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced the successful advancement of the company's volume production ramp for the CONDOR Mk3. Mynaric continues to work through previously announced production delays and has realized near-term improvement in production yields and supply chain-related bottlenecks. Production delays of CONDOR Mk3 were caused by lower than expected production yields and supplier shortages of key components.

MUNICH, GERMANY / ACCESSWIRE / August 26, 2024 / Mynaric (NASDAQ:MYNA), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced that the supervisory board and the chief executive officer, Mustafa Veziroglu, jointly decided on the termination of the office of Mustafa Veziroglu as CEO and member of the management board of Mynaric with immediate effect. Mustafa Veziroglu joined Mynaric's management board in August 2022 and most recently served as CEO of the company leading all operational product-related activities overseeing the entire product lifecycle from development through delivery. In addition, Mynaric today announced the appointm

MUNICH, GERMANY / ACCESSWIRE / August 26, 2024 / Mustafa Veziroglu, the chairman of the Management Board of Mynaric AG (NASDAQ:MYNA, ISIN: US62857X1019)))(FRA:M0YN; ISIN: DE000A31C305) and the Supervisory Board of Mynaric AG today agreed to terminate in mutual consent the appointment of Mr. Veziroglu as chairman and member of the Management Board of Mynaric AG with immediate effect.Additionally, with immediate effect, the Supervisory Board has appointed Andreas Reif as member of the Management Board and Chief Restructuring Officer.With a view to the latest changes in the Management Board, the annual general meeting of Mynaric AG, scheduled for August 29, 2024, shall be postponed. The Company

MUNICH, GERMANY / ACCESSWIRE / August 20, 2024 / Today Mynaric (NASDAQ:MYNA)(FRA:M0YN) announces the voluntary departure of CFO Stefan Berndt von-Bülow for personal reasons, effective last week. Berndt von-Bülow has been with Mynaric since 2018 and assumed the role as CFO in 2020. As CFO, Berndt von-Bülow made significant contributions to the company's financial strategy and operations, investor relations, several capital raises, significant debt financing, and, particularly Mynaric's listing on Nasdaq in November 2021, during a time of significant growth and transformation."Stefan has been a key member of the management team, and we are grateful for his contributions," said Mustafa Vezirogl

MUNICH, GERMANY / ACCESSWIRE / June 20, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announces preliminary unaudited results for the fiscal year ending December 31, 2023."2023 marked a milestone year for Mynaric as we ended the year with record backlog of optical terminals, were awarded business with many marquee customers and prepared for serial production," said Mustafa Veziroglu, CEO of Mynaric. "In the first quarter of 2024, we completed our first CONDOR Mk3 shipment marking another significant milestone for the company."Key 2023 and 2024 HighlightsOptical Communications Terminal Backlog at

Continued traction on key performance indicators as company prepares for serial production and shipments to key customers in 2H23MUNICH, September 14, 2023 - Mynaric (NASDAQ:MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announces results for the half year ending June 30, 2023."In the first half of 2023 we showed continued success as we capitalize on the significant opportunity ahead of us and the adoption of laser communications across multiple domains accelerates," said Mustafa Veziroglu, CEO of Mynaric. "We see the strongest pipeline of opportunities in our history and look forward to working with our customers as

Continued traction on key performance indicators as company prepares for serial production and shipments to key customers in 2H23MUNICH, GERMANY / ACCESSWIRE / April 27, 2023 / Mynaric (NASDAQ:MYNA) (FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announces preliminary unaudited results for the fiscal year ending December 31, 2022."Mynaric finished 2022 with a solid terminal order backlog and is well positioned to capitalize on the significant opportunity ahead of us as the adoption of laser communications accelerates in both the space and airborne domains," said Bulent Altan and Mustafa Veziroglu, Co-CEOs of Mynaric. "2023 wi

MUNICH, GERMANY / ACCESSWIRE / April 25, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today reported selected preliminary unaudited full-year 2022 results. For the full year 2022, Mynaric expects revenue of approximately EUR 4.4 million and a net operating loss of approximately EUR 73.8 million. Earlier this year, Mynaric reported on its key performance indicators for 2022 with optical communications terminal backlog of 256 units (financial year 2022 guidance as of October 25, 2022: >250 units) and cash-in from customer contracts for 2022 of EUR 18.3 million (financial year 2022 guidance as of October

MUNICH, GERMANY / ACCESSWIRE / October 31, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today reported financial results for the first half of 2022 for the period ending June 30, 2022. The first half 2022 report can be downloaded from the Investor Relations section of mynaric.com at https://mynaric.com/investor-relations/overview/.Conference call and webcastA conference call and webcast to discuss these first half 2022 results for the period ending June 30, 2022, is scheduled for Monday, October 31, 2022, at 1:00 p.m. Eastern Daylight Time (6:00 p.m. Central European Time).The conference call and webcast will include a presentation of these results along with a Q&A session with Mynaric executives

MUNICH, GERMANY / ACCESSWIRE / October 25, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced a full-year 2022 guidance update for its key financial metrics. In addition, Mynaric has scheduled a conference call and webcast to discuss its preliminary first half 2022 financial results for the period ending June 30, 2022.Guidance Update for Key Financial MetricsOptical Communications Terminal Backlog: the company increases its full-year guidance and now expects more than 250 units in backlog by end of 2022 compared to the previously communicated guidance of more than 220 units. The guidance is increased due to strong traction and recent program wins particularly in the government market.Cas

MUNICH, GERMANY / ACCESSWIRE / October 25, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced a full-year 2022 guidance update for its key financial metrics:Optical Communications Terminal Backlog: the company now expects more than 250 units in backlog by the end of 2022 compared to the previously communicated guidance of more than 220 units. The guidance is increased due to strong traction and program wins particularly in the government market.Cash-In from Customer Contracts: the company reiterates its full-year 2022 guidance of expected more than EUR 20 million cash-in from customer contracts.Optical communications terminal backlog represents the quantity of all open optical communicat

MUNICH, GERMANY / ACCESSWIRE / March 11, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) today announced it plans to publish its FY21 business update, including selected key figures of the preliminary financial results FY21 and other key information by means of a shareholder letter on Monday, March 28, 2022, at 11:00 a.m. Eastern Daylight Time (5:00 p.m. Central European Summer Time). The release of the shareholder letter will be announced over the newswire and published in the investor relations section of mynaric.com .Mynaric will host a webcast the same day, March 28, at 12:00 p.m. Eastern Daylight Time (6:00 p.m. Central European Summer Time) to discuss the FY21 business update. The webcast will i