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MYNA.US
id: 1377

Mynaric ($MYNA) Investor Settlement

$300,000
Cash Settlement
E.D. New York
Court
1:24-cv-07602
Case number
06/20/2024
Class period Start
01/03/2025
Class period End
08/04/2025
Claim deadline
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.

Background

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.
Case Type
US Securities Class Action
Case Status
Distribution Started
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.137
Filing date
10/30/2024
Lead Plaintiff Deadline
12/29/2024
Plaintiffs
Alex Torstorff
Attorneys
Bronstein, Gewirtz & Grossman, LLC ; Pomerantz LLP
Defendants
Mustafa Veziroglu; Stefan Berndt-von Bülow
Judge
Kiyo A. Matsumoto
Administrator
Strategic Claims Services
Settlement agreement date
2025-04-28
Court hearing date
09/16/2025
Exclusion deadline
08/19/2025
Objection deadline
08/19/2025
Attorney fee
$120,000
Trades matching type
FIFO
Disbursement date
03/17/2026

Frequently Asked Questions

Who is eligible for this settlement?

All persons or entities other than Defendants that purchased or otherwise acquired Mynaric ADS between June 20, 2024 and October 7, 2024, both dates inclusive.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

How long does the payout process take?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How much will my payment be?

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims - the average payout will be $0.1370 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.548 per share.

How to get your payout?

If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.

What is 11th.com?

11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:

1. Prepare documents for your payout.

2. Audit the claim and make sure you get the maximum possible payout.

3. File a claim with the settlement administration.

4. Correspond with the settlement administration to resolve emerging issues.

5. Deliver payout directly to your brokerage account.

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.