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 ground. The company was incorporated in 2009 and is headquartered in Gilching, Germany.
IPO Year: 2021
Exchange: NASDAQ
Website: mynaric.com
| 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, 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
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
Canaccord Genuity initiated coverage of Mynaric AG with a rating of Buy and set a new price target of $40.00
SCHEDULE 13D - Mynaric AG (0001850453) (Subject)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)
6-K - Mynaric AG (0001850453) (Filer)