Mynaric AG

Mynaric AG Extends Transition Loan Maturity Date and Prepares for Restructuring Plan

RKLB

MYNA

Rocket Lab Corporation has agreed to acquire Mynaric AG for $75 million, payable in cash or stock, with an additional earnout of up to $75 million based on revenue targets for 2025-2027. The share price will be determined by the 20-day volume weighted average price prior to closing. The number of shares to be issued has not been disclosed.

Reuters

Rocket Lab

Rocket Lab Corporation to Acquire Mynaric AG with $75 Million in Cash or Stock, Plus Up to $75 Million in Potential Stock or Cash Earnouts

Mynaric AG has completed its financial restructuring under the German Corporate Stabilization and Restructuring Act, securing long-term funding from JVF-Holding GmbH. This restructuring reduces the company's debt and enhances financial flexibility, allowing Mynaric to advance its production strategy in the aerospace and defense markets. The support from its principal shareholder and suppliers will enable continued innovation and operational scaling.

Mynaric AG Successfully Completes Restructuring, Secures Long-Term Funding

Mynaric AG plans to reduce its capital to zero euros and subsequently increase it through a cash capital increase, as part of its restructuring plan approved by shareholders. This will result in existing shares expiring without compensation for shareholders, and trading on the Frankfurt Stock Exchange will cease. The company expects to register these changes shortly, following confirmation from the Munich Local Court and the tax office. Mynaric specializes in laser communications technology for various applications.

StockTitan

Mynaric Expects the Capital Reduction to Zero and Subsequent Capital Increase to Take Effect Shortly, Resulting in the Current Shareholders to Leave Without Compensation and Trading to End | MYNA Stock News

Mynaric AG has announced a capital reduction to zero, leading to existing shareholders exiting without compensation. As a result, trading of Mynaric shares on the Frankfurt Stock Exchange will cease, and the shares will be removed from custody accounts.

Mynaric AG Announces Capital Reduction to Zero, Shareholders to Exit Without Compensation as Trading Ends

Mynaric AG has announced that the majority of voting groups approved its restructuring plan under the German StaRUG, which was confirmed by the Munich restructuring court. The plan includes a capital reduction to zero, leading to the exit of current shareholders and a subsequent increase in share capital to EUR 50,000, exclusively for JVF-Holding GmbH. Additionally, existing loan receivables of USD 105.5 million will be waived, contingent on JVF-Holding's subscription to new shares. The restructuring is expected to be completed by mid-2025.

Mynaric Announces Approval Of The Majority Of The Groups And Confirmation Of The Starug Restructuring Plan By The Restructuring Court  | MYNA Stock News

Mynaric AG :EQS-ADHOC: MYNARIC TO RECEIVE EARLY PARTIAL DISBURSEMENT OF RESTRUCTURING LOANS DUE TO DELAYS IN STARUG PROCEEDINGSMYNARIC AG - TO RECEIVE EARLY USD 10.5 MILLION DISBURSEMENT FROM RESTRUCTURING FACILITY

Mynaric AG To Receive Early Partial Disbursement Of Restructuring Loans Due To Delays In Starug Proceedings

Mynaric AG has announced a delay in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, due to ongoing restructuring proceedings under the German Corporate Stabilization and Restructuring Act. The late filing notification was submitted to the U.S. Securities and Exchange Commission on April 30, 2025.

- Mynaric AG has announced a delay in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2024.  
- The delay is attributed to ongoing proceedings under the German Corporate Stabilization and Restructuring Act, necessitating additional time for financial statement preparation and review.  
- The notification of the late filing was submitted to the U.S. Securities and Exchange Commission on April 30, 2025.  

Mynaric AG Delays Filing of 2024 Annual Report Due to Restructuring Proceedings

Rocket Lab USA Inc. (NASDAQ: RKLB) has shown resilience despite a 23% year-to-date decline, maintaining its position above the 200-day SMA. The company recently launched its 61st Electron mission and acquired a majority stake in Mynaric AG, enhancing its capabilities. Analysts rate RKLB as a Moderate Buy with a price target of $22.72, indicating potential upside. However, short interest remains high at 15.7%, reflecting ongoing skepticism. Investors are advised to proceed cautiously amid market volatility.

Market Beat

Rocket

Rocket Lab Stock: Weathering the Storm, Time for a Comeback?

Mynaric AG :EQS-ADHOC: MYNARIC AG: RESIGNATION OF BULENT ALTAN AS CHAIRMAN AND MEMBER OF SUPERVISORY BOARD

Mynaric AG Announces Resignation Of Bulent Altan As Chairman And Member Of Supervisory Board

Rocket Lab USA has seen its stock rise 400% over the past year, but recent delays in launching its Neutron rocket have caused a 39% drop from its peak. The company, which has completed 61 missions and generated $436 million in revenue last year, is expanding its services by acquiring Mynaric AG to enhance satellite communication capabilities. With a backlog of $1.067 billion, Rocket Lab is positioned for growth in the burgeoning space economy, projected to reach $1.8 trillion by 2035. Investors may find this dip an opportune time to buy shares.

Motley Fool

Should You Buy Rocket Lab USA While It's Below $24?

EADSY

Rocket Lab's stock experienced volatility, initially rising over 11% before dropping to a 0.5% gain. The surge was driven by Rocket Lab's acquisition of Mynaric AG for $75 million and a contract with Airbus for solar panels. However, the need to raise up to $500 million in new shares to finance the acquisition raised concerns about shareholder dilution, leading to the stock's decline.

Airbus

Why Rocket Lab Popped, Then Dropped Today

Rocket Lab's stock rose by 6.34% to $18.95 after securing a contract to provide solar panels for 100 OneWeb satellites and announcing a potential acquisition of Mynaric AG for up to $150 million. The solar panels will be manufactured in New Mexico and will power the LEO constellation. The acquisition aims to enhance Rocket Lab's position in the space and communications sector, pending regulatory approvals.

Benzinga

Constellation Energy

Why Is Rocket Lab Stock Gaining Today?

March 10 (Reuters) - Mynaric AG (M0YNn.DE) :* MYNARIC AG: CO'S LENDERS COMMITTED FOURTH BRIDGE LOAN OF $28 MILLION IN FEB 2025 & ADDITIONAL $25 MILLION RESTRUCTURING LOAN* MYNARIC AG: CONTINUING TO RAMP UP PRODUCTION & CUSTOMER DELIVERIES OF CONDOR MK3 OPTICAL COMMUNICATIONS TERMINAL Source text: Further company coverage: (M0YNn.DE)(((( Reuters.Briefs@thomsonreuters.com ;));))