Mynaric AG (NASDAQ:MYNA)(ISIN: US62857X1019)(FRA:M0YN)(ISIN: DE000A31C305) (the "Company") today, following customer approval, shipped the first flight model CONDOR Mk3 optical head and updates the Company's volume production and shipment expectations as most recently provided on January 10, 2024.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/12/2022 | $10.00 | Outperform | Credit Suisse |
| 12/7/2021 | $23.00 | Buy | Jefferies |
| 11/24/2021 | $40.00 | Buy | Canaccord Genuity |
| 11/23/2021 | $40.00 | Buy | Canaccord Genuity |
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.
Credit Suisse initiated coverage of Mynaric AG with a rating of Outperform and set a new price target of $10.00
Jefferies initiated coverage of Mynaric AG with a rating of Buy and set a new price target of $23.00
Canaccord Genuity initiated coverage of Mynaric with a rating of Buy and set a new price target of $40.00
SC 13G - Mynaric AG (0001850453) (Subject)
SC 13D - Mynaric AG (0001850453) (Subject)
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
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
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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
GILCHING, GERMANY / ACCESSWIRE / January 31, 2023 / The Supervisory Board of Mynaric AG (NASDAQ:MYNA)(FRA:M0YN) today has resolved upon an expansion of the chair of the Management Board: As of February 1, 2023, Mustafa Veziroglu will join Bulent Altan, as second chairman of the Management Board and become the Co-CEO of the company.Mustafa Veziroglu has been a member of the Management Board of Mynaric AG since joining the company in August 2022 and has since held operational responsibility for the development, qualification and series production of the company's laser communication products. In the future, he will jointly lead Mynaric AG with Bulent Altan and share management responsibilities