Mynaric Ensures Smooth Operations & Steady Deliveries

• Mynaric is ramping up production and deliveries of its CONDOR Mk3 optical communications terminal.
• The company is undergoing StaRUG proceedings to secure financial stability and significant debt relief.
• Mynaric aims to maintain its industry position by delivering to existing customers and exploring future applications of optical communications technology.
• The restructuring plan includes a capital reduction to zero, enabling Mynaric to invest in high-tech advancements and maintain competitive pricing.
• Mynaric's lenders have committed a fourth bridge loan of USD 28 million and an additional USD 25 million restructuring loan to support ongoing operations.
• The company is involved in multiple high-profile projects, including collaborations with the U.S. Space Development Agency and the European Space Agency.

The price of Mynaric at the time of the news was 0,7730EUR and was down -0,90 % compared with the previous day.
7 minutes after the article was published, the price was 0,7400EUR this corresponds to a minus of -4,27 % since publication.

Mynaric

+8,66 %

-4,16 %

+3,36 %

-28,70 %

-96,23 %

-98,02 %

-98,36 %

-98,72 %

ISIN:DE000A31C305WKN:A31C30

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