Overview

A class action lawsuit has been filed against Mynaric AG. (“Mynaric” or the “Company”) (NASDAQ: MYNA) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The Mynaric class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Mynaric securities between June 20, 2024, and October 7, 2024, both dates inclusive (the “Class Period”).  Investors have until December 30, 2024, to seek appointment as lead plaintiff in the Mynaric class action lawsuit.

Mynaric develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally.  The Company’s line of products includes, inter alia, its CONDOR series of optical inter-satellite link flight terminals for satellite-to-satellite communications in space.

In June 2024, Mynaric provided guidance for its fiscal full year (“FY”) 2024 financial results, including, inter alia, revenue of between €50 to €70 million and an operating loss of between €40 to €30 million.

The Mynaric class action lawsuit claims that Defendants, throughout the Class Period, made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, 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 FY 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.

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If you purchased or otherwise acquired Mynaric securities between June 20, 2024, and October 7, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as a lead plaintiff in the Mynaric class action lawsuit is December 30, 2024.