Mynaric ($MYNA) Investor Settlement

Mynaric has reached a settlement with $MYNA investors over claims that it misled them about production delays, component shortages, and its ability to meet financial guidance for 2024.

Outline

In 2024, Mynaric projected up to €70 million in revenue for its satellite terminals. But by August, it slashed its forecast due to production issues and supply delays, causing $MYNA to fall 56%. After more setbacks, including executive resignations and a Nasdaq notice, Mynaric faced a lawsuit from investors over being misled about operational risks.

Timeline

• June 20, 2024 – Mynaric issued full-year 2024 guidance, projecting revenue growth driven by CONDOR Mk3 shipments.
• August 20, 2024 – Company cut 2024 revenue forecast by more than half. $MYNA dropped 55.9%.
• August 26, 2024 – CEO Mustafa Veziroglu stepped down. $MYNA dropped another 9.73%.
• October 8, 2024 – Mynaric received a Nasdaq deficiency notice for falling below listing standards. $MYNA closed down nearly 70% from June highs.
• October 30, 2024 – Investors filed suit, alleging misstatements about production readiness and financial guidance.
• April 2025 – Mynaric agreed to a settlement with investors.

Mynaric develops and manufactures laser communication terminals for aerospace and satellite applications, with a focus on its flagship CONDOR Mk3 product. In June 2024, the company issued upbeat guidance for the year, highlighting growing backlog, key customer wins, and expectations of breakeven EBITDA.

However, just two months later, Mynaric sharply lowered that outlook, cutting expected revenue by over 60% and increasing projected losses. The company blamed production yield issues and component supplier shortages, which had not been disclosed during its earlier optimistic statements.

The stock collapsed by 56% in one day and fell further after the leadership resigned, and a Nasdaq compliance warning.

In October 2024, investors filed a suit against Mynaric, alleging misstatements about production readiness and financial guidance.

What Can Investors Expect Now?

Mynaric has reached a settlement with $MYNA investors over claims that it misled them about production delays, component shortages, and its ability to meet financial guidance for 2024.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.