Welcome to our dedicated page for Mynaric news (Ticker: MYNAY), a resource for investors and traders seeking the latest updates and insights on Mynaric stock.
Mynaric AG (MYNAY) is a technology company in the communication equipment industry that focuses on laser communications and optical communications terminals for air, space and mobile applications. Its news flow combines product and technology updates with detailed disclosures about an extensive restructuring process under the German Corporate Stabilization and Restructuring Act (StaRUG).
News releases from Mynaric highlight deliveries of its CONDOR Mk3 optical communications terminals and progress on the next-generation CONDOR Mk3.1 terminal. The company reports milestones such as delivering more than 100 CONDOR Mk3 terminals and advancing the design of the space-qualified CONDOR Mk3.1, which it describes as targeting higher data rates and improved efficiency for government and commercial satellite constellations.
At the same time, Mynaric’s announcements provide insight into its financial restructuring. Investors can follow updates on the StaRUG restructuring plan, including court confirmation of the plan, early partial disbursement of restructuring loans, and the planned capital reduction to zero followed by a capital increase subscribed by a financial creditor. The company also reports that this plan will lead to the exit of current shareholders without compensation and the delisting of its shares once the capital measures are registered.
This news page for MYNAY aggregates such company-issued releases, covering technology developments, production and delivery milestones, governance changes in the Supervisory Board, and key steps in the restructuring process. Readers interested in laser communications, space-based optical networks, and the legal and financial restructuring of Mynaric can use this page to track how the company describes its operational progress and corporate transformation over time.
Mynaric AG (OTC:MYNA) announced the imminent execution of a drastic restructuring plan that will result in a complete capital reduction to zero euros, followed by a cash capital increase. The plan, which was approved on May 28, 2025, and confirmed by the Munich Local Court, will lead to current shareholders leaving without compensation and the termination of share trading on the Frankfurt Stock Exchange.
JVF-Holding GmbH, the financial creditor affected by the plan, has indicated readiness to proceed without waiting for the investment review process. The capital measures are expected to be registered with the commercial register on July 30, 2025. Following the registration, existing shares will expire and be removed from custody accounts by custodian banks.
Mynaric AG (MYNA) will receive an early partial disbursement of up to $10.5 million from its previously agreed $25 million restructuring facility due to delays in StaRUG proceedings. The early payout loans, provided by U.S. lenders CO FINANCE II LVS I LLC and OC III LVS LIII LP, will help secure current operational and working capital needs. The loans bear an 8% annual interest rate and will mature on December 31, 2028.
The company expects the StaRUG proceedings to conclude in late Q2/2025 or early Q3/2025, with a discussion and voting meeting scheduled for May 28, 2025. These new loans are in addition to previous $95 million loans and $49.5 million bridge loans. Notably, Rocket Lab USA has entered into a non-binding term sheet with the U.S. lenders regarding their future interest in Mynaric.
Mynaric, a leader in laser communications products, has announced key leadership changes in its Supervisory Board. Peter Müller-Brühl, who has served on the board since July 2018, has been elected as the new Chair effective April 24, 2025. He succeeds Bulent Altan, who stepped down from both his Chair position and board membership on April 1, 2025.
The company also appointed Dr Manfred Krischke as Vice-Chair of the Supervisory Board. The current board composition includes:
- Peter Müller-Brühl (Chair)
- Dr Manfred Krischke (Vice-Chair)
- Margaret Abernathy
- Arndt Rautenberg
Müller-Brühl, previously serving as Vice-Chair, expressed his commitment to ensuring strong governance and building a resilient organization during Mynaric's transformation phase. The company, which specializes in industrialized, cost-effective, and scalable laser communications products, trades under FRA:M0YN and OTC:MYNAY.
Mynaric AG (FRA:M0YN, OTC PINK:MYNAY) announced that Bulent Altan has resigned as Chairman and Member of the Supervisory Board, effective April 1, 2025. Altan, who was elected to these positions by the General Assembly in August 2023, cited personal reasons for his departure.
The company's Supervisory Board will promptly conduct a new election for the Chairman position, and a new board member will be appointed according to the German stock act (Aktiengesetz).
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