Mynaric就进一步资金进行谈判，推迟年度股东大会

2024-12-06 22:20

Mynaric AG (NASDAQ:MYNA) said on Friday that it has 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 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.
The lender's willingness to provide additional funding is contingent on the initiation of a financial reorganization under the German Corporate Stabilization and Restructuring Act (("StaRUG")).
At this point, management considers it more likely than not that the lender and the company will agree on additional funding for financial restructuring and that the company will apply for the initiation of StaRUG proceedings.
If StaRUG proceedings are opened, this could result in shareholders losing part or all of their investment in the company. If StaRUG proceedings are not opened, the company would have to explore other financing opportunities that are currently not available or in sight.
With a view to the latest developments, the annual general meeting of the company, scheduled for December 11, 2024, will be cancelled and postponed.
Mynaric AG (MYNA) shares dropped more than 37% in Friday pre-market trading.

More on Mynaric