Tillkännagivande • Feb 14
Mynaric Announces Receipt of Delisting Notice from Nasdaq Mynaric announced that it received a delisting notification dated February 10, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market Inc. 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").On February 10, 2025, Mynaric received the Delisting Notice from Nasdaq notifying Mynaric that, as a result of the StaRUG Proceeding and in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq had determined that Mynaric's American Depositary Shares representing its ordinary shares (the "ADS") will be delisted from Nasdaq. The Delisting Notice also advises Mynaric of its right to appeal Nasdaq's determination pursuant to procedures set in the Nasdaq Listing Rule 5800 Series. Mynaric does not intend to pursue an appeal. Trading of the ADS will be suspended at the opening of business on February 18, 2025. Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the ADS from listing and registration on Nasdaq. Nasdaq has previously notified Mynaric that it is no longer in compliance with (i) Nasdaq Listing Rule 5450(b)(2)(A) for failing to maintain a minimum market value of $50 million in listed securities, (ii) Nasdaq Listing Rule 5250(c)(2) for not filing an interim balance sheet and income statement as of and for the end of its second quarter on Form 6-K within six months following the end of Mynaric's second quarter, (iii) Nasdaq Listing Rule 5620(a) for failing to hold an annual meeting of shareholders within twelve months after the end of the Mynaric's fiscal year, and (iv) Nasdaq Listing Rule 5450(a)(1) for not meeting the minimum closing bid price of $1.00 per share of the ADS. Tillkännagivande • Jan 16
Mynaric AG, Annual General Meeting, Feb 21, 2025 Mynaric AG, Annual General Meeting, Feb 21, 2025, at 10:00 W. Europe Standard Time. Tillkännagivande • Jan 04
Mynaric AG Updates Earnings Guidance for the Full Year 2024 Mynaric AG updated earnings guidance for the full year 2024. For the year, the company anticipates 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 terminals previously expected to ship in 2024 now expected to ship and revenue recognized in early 2025. Operating loss: the previous Company guidance of a range of operating loss estimating to range between a loss of EUR 55.0 million to EUR 50.0 million is unchanged. Tillkännagivande • Nov 05
Mynaric AG, Annual General Meeting, Dec 11, 2024 Mynaric AG, Annual General Meeting, Dec 11, 2024, at 10:00 W. Europe Standard Time. Tillkännagivande • Nov 01
Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Files Against Mynaric AG Bronstein, Gewirtz & Grossman, LLC announced that a class action lawsuit has been filed against Mynaric AG (Mynaric) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Mynaric securities between June 20, 2024, and October 7, 2024, inclusive (Class Period). The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) lower-than-expected production yields and component supplier shortages of key components were causing production delays for Mynaric's CONDOR Mk3 product; (2) the foregoing issues were likely to have a material negative impact on the Company's revenue growth and cause the Company to incur an operating loss; (3) as a result, Mynaric was unlikely to meet its own previously issued financial guidance for fiscal year 2024; (4) accordingly, the Company's business and/or financial prospects were overstated; and (5) as a result, the Company's public statements were materially false and misleading at all relevant times. Tillkännagivande • Oct 08
Mynaric Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with the Minimum Market Value of Listed Securities Mynaric AG announced that it received a notification letter dated October 2, 2024 (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(b)(2)(A) due to its failure to maintain a minimum of $50 million in market value of listed securities (the ‘MVLS Requirement’). Nasdaq also determined that Mynaric does not meet the alternatives of total assets and total revenue for continued listing. The Deficiency Letter has no immediate effect on the listing of Mynaric’s American Depositary Shares representing its ordinary shares (the ‘ADS’), which continue to trade under the symbol ‘MYNA.’ The Deficiency Letter provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), Mynaric has a period of 180 calendar days from the date of the Deficiency Letter, or until March 31, 2025, to regain compliance with the MVLS Requirement. During this period, the ADS will continue to trade on Nasdaq. Nasdaq will deem Mynaric to have regained compliance with the MVLS Requirement if at any time during this compliance period Mynaric’s MVLS closes at $50,000,000 or more for a minimum of ten consecutive business days. In the event Mynaric does not regain compliance with the MVLS Requirement by March 31, 2025, Mynaric will receive written notification from Nasdaq that Mynaric’s ADS are subject to delisting. At that time, Mynaric may appeal the relevant delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance, if Mynaric does appeal the delisting determination by Nasdaq to the hearings panel, that such appeal would be successful. In such event, Mynaric may also seek to apply for a transfer to The Nasdaq Capital Market if it meets the requirements for continued listing thereon. Mynaric is reviewing its options for regaining compliance with the MVLS Requirement and for remedying other future potential non-compliances with Nasdaq continued listing requirements. There can be no assurance that Mynaric will be able to regain compliance with the MVLS Requirement or other Nasdaq continued listing requirements in a timely fashion, in which case its securities would be delisted from Nasdaq. Tillkännagivande • Sep 17
Mynaric Advances Production of CONDOR Mk3 Mynaric 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. Current shipments of the CONDOR Mk3 free space optical communications system will be part of the United States Space Development Agency (SDA) Tranche 1 program. Mynaric was selected by Northrop Grumman as the sole supplier of optical communications terminals for the SDA's Tranche 1 Transport and Tracking Layer programs and by York Space Systems for the SDA's Tranche 1 Transport Layer. Mynaric was also selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT – the SDA's Experimental Testbed. In addition, Mynaric continues to pursue opportunities that explore the use of free-space optical communications for additional space programs. Mynaric has been recognized as a key development partner in Phase 2 of DARPA's Space-BACN program, was selected by the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links and was selected by the German government for multiple projects to develop quantum communication capabilities. In addition, Mynaric continues to diligently pursue additional capital sources to secure on-going operations and production ramp. Tillkännagivande • Jul 23
Mynaric AG, Annual General Meeting, Aug 29, 2024 Mynaric AG, Annual General Meeting, Aug 29, 2024, at 10:00 W. Europe Standard Time. Tillkännagivande • Jun 21
Mynaric Provides Earnings Guidance for the Full Year 2024 Mynaric provided earnings guidance for the full year 2024. For the fiscal year 2024, revenue outlook is driven by shipments of CONDOR Mk3 units to multiple customers. This outlook assumes it is able to ramp to its current production plans. This outlook remains at the lower end of the most recent published analyst estimates for 2024 (for which the arithmetic average is approximately €65 million). The company expects its operating loss for the fiscal year 2024 to decrease significantly from last year's level due to higher revenue levels. This outlook remains in-line with the most recent published analyst estimates for 2024 (for which the arithmetic average is approximately -€36 million). The outlook is based on the current projected production ramp and current liquidity projection. Should Mynaric experience either a pushout in its production schedule, fail to secure new orders as planned or incur delays in securing new orders from customers, there is a high likelihood the company could need to raise additional capital. Mynaric is also considering pursuing multiple alternative options in order to secure its cash needs and bolster its long-term success. Tillkännagivande • Jun 14
Mynaric AG to Report Fiscal Year 2023 Results on Jun 20, 2024 Mynaric AG announced that they will report fiscal year 2023 results on Jun 20, 2024 Tillkännagivande • May 01
Mynaric AG announced delayed 20-F filing On 04/30/2024, Mynaric AG announced that they will be unable to file their next 20-F by the deadline required by the SEC. Tillkännagivande • Apr 03
Mynaric Begins Volume Production for its Space Laser Terminal - CONDOR Mk3 Mynaric announced a milestone in the product maturity of the company's free space optical communications terminal for space-to-space and space-to-ground applications - the CONDOR Mk3. Volume production for the optical communications terminal began early in the first quarter of 2024 with an initial shipment made last week following customer approval. Initial shipments of the CONDOR Mk3 free space optical communications system will be part of the United States Space Development Agency (SDA) Tranche 1 Transport and Tracking Layer programs, among others. Mynaric was selected by Northrop Grumman as the sole supplier of optical communications terminals for the SDA's Tranche 1 Transport and Tracking Layer programs and by York Space Systems for the SDA's Tranche 1 Transport Layer. Mynaric was also selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT – the SDA's Experimental Testbed. In addition to volume production of the CONDOR Mk3 optical communications system, Mynaric continues to pursue opportunities that explore the use of free space optical communications for additional space programs. Mynaric has been recognized as a key development partner in Phase 2 of DARPA's Space-BACN program, was selected by the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links and was selected by the German government for multiple projects to develop quantum communication capabilities. Tillkännagivande • Nov 12
Mynaric Provides Earnings Guidance for the Full Year 2023 Mynaric provides earnings guidance for the full year 2023. The company now expects full-year 2023 IFRS-15 revenue to remain around the same level as 2022 revenue of EUR 4.4 million compared to previous guidance of a significant increase. The guidance decrease is due to the production delay of CONDOR Mk3 that was previously scheduled to start in fourth quarter 2023. The company now expects full-year 2023 operating loss to be around the same level as last year compared to previous guidance of a moderate decrease relative to the EUR 73.8 million operating loss reported for full-year 2022. Tillkännagivande • Sep 08
Mynaric AG to Report First Half, 2023 Results on Sep 14, 2023 Mynaric AG announced that they will report first half, 2023 results on Sep 14, 2023 Tillkännagivande • Aug 09
Mynaric Announces Executive Changes Mynaric announced key results of the company's annual general assembly held on August 7, 2023. Following shareholder approval, industry veterans Bulent Altan and Margaret Abernathy joined Mynaric's Supervisory Board after receiving the requisite number of votes during the annual general assembly. They join the three re-elected Supervisory Board members: Dr. Hans Königsmann, Dr. Manfred Krischke, and Peter Müller-Brühl, effective immediately. Following the company's annual general assembly meeting, the Supervisory Board met and elected Bulent Altan as Chairman. Mustafa Veziroglu will serve as the company's Chief Executive Officer. Veziroglu will lead Mynaric's day-to-day business operations and strategy to produce laser communications terminals at scale for applications in space, air and terrestrial applications. Tillkännagivande • Jul 01
Mynaric AG, Annual General Meeting, Aug 07, 2023 Mynaric AG, Annual General Meeting, Aug 07, 2023, at 10:00 Central European Standard Time. Location: Haus der Bayrischen Wirtschaft, Max-Joseph-Strasse 5, 80333 Munich, Germany Munich Germany Agenda: To consider Annual Financial Statement as of December 31, 2022; to consider Curriculum vitae of the candidates proposed for election to the Supervisory Board; and to consider other business matters. Tillkännagivande • Oct 27
Mynaric Revises Earnings Guidance for the Full-Year 2022 Mynaric revised earnings guidance for the full-year 2022. For the period, the company expects IFRS-15 revenue to be: Considering supply chain constraints negatively impacting previously expected HAWK product deliveries and push-outs in customer program delivery schedules the company now expects IFRS-15 revenues to stay around 2021 levels (previous guidance: significant increase). Operating loss to be: Considering the lower than initially expected IFRS-15revenues the company now expects a significantly higher operating loss for the full year than 2021 (previous guidance: moderate decrease). Tillkännagivande • Oct 26
Mynaric AG to Report Q2, 2022 Results on Oct 31, 2022 Mynaric AG announced that they will report Q2, 2022 results on Oct 31, 2022 Tillkännagivande • Aug 19
Mynaric AG Appoints Mustafa Veziroglu as President and Member of Its Management Board Mynaric AG named Mustafa Veziroglu as President of Mynaric and the newest member of its management board. In this role, Mustafa Veziroglu will oversee development, qualification and serial production of Mynaric’s laser communications products that are in high demand by government and commercial customers. Prior to joining Mynaric, Mustafa Veziroglu served as the Chief Operating Officer of SA Photonics, LLC (a CACI company), a developer of laser communications systems for space, airborne and terrestrial environments. Before SA Photonics, Mustafa Veziroglu spent more than 10 years in leadership roles in the semiconductor industry. In his role, Mustafa Veziroglu will be responsible for all operational product-related activities within Mynaric overseeing the entire product lifecycle from development through delivery. He will be based in Munich, Germany. Tillkännagivande • Jun 04
Mynaric AG, Annual General Meeting, Jul 14, 2022 Mynaric AG, Annual General Meeting, Jul 14, 2022, at 13:00 Central European Standard Time. Agenda: To consider Presentation of the adopted annual financial statements of the Company and the approved consolidated financial statements as of December 31, 2021, the management report for the Group and the report of the Supervisory Board for the financial year 2021; to consider Resolution on the discharge of the members of the Management Board for the financial year 2021; to consider Resolution on the discharge of the members of the Supervisory Board for the financial year 2021; and to consider other matters. Tillkännagivande • Apr 04
Mynaric AG to Report Fiscal Year 2021 Results on Apr 28, 2022 Mynaric AG announced that they will report fiscal year 2021 results at 11:00 AM, US Eastern Standard Time on Apr 28, 2022 
