Mynaric AG Faced with Nasdaq Compliance Deadline

Mynaric AG (DE:M0YN) has released an update.

Munich-based Mynaric AG, which specializes in scalable laser communications, has received a Deficiency Letter from Nasdaq for not meeting the minimum market value requirement for continued listing. The company’s American Depositary Shares will still trade under the symbol ‘MYNA’ as they have a 180-day period until March 31, 2025, to regain compliance. Failing to meet the requirements by the deadline could lead to delisting, though Mynaric is exploring options to remedy the situation.

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