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Mynaric AG ( (DE:M0YN) ) just unveiled an update.
On February 13, 2025, Mynaric AG announced that it received a delisting notice from Nasdaq due to its initiation of restructuring proceedings under the German Corporate Stabilization and Restructuring Act. The delisting follows Mynaric’s failure to meet several Nasdaq listing requirements, including maintaining a minimum market value and holding an annual meeting. Trading of the company’s American Depositary Shares will be suspended on February 18, 2025, highlighting significant challenges in Mynaric’s financial positioning and its immediate operational impacts.
More about Mynaric AG
Mynaric AG is at the forefront of the laser communications industry, offering optical communications terminals for applications in air, space, and mobile sectors. These products enable high-speed, secure data transmission between moving objects, serving wireless terrestrial, mobility, airborne, and space-based networks. The company is headquartered in Munich, Germany, with additional offices in Los Angeles and Washington, D.C.
YTD Price Performance: -6.30%
Average Trading Volume: 160
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.9M
See more data about M0YN stock on TipRanks’ Stock Analysis page.
