Core Viewpoint - A class action has been filed against Mynaric AG for allegedly misleading investors about its business prospects, particularly regarding production delays and financial guidance for FY 2024 [1][2]. Group 1: Allegations and Financial Impact - The complaint states that Mynaric failed to disclose production delays caused by lower-than-expected production yields and component supplier shortages, which negatively impacted revenue growth and could lead to an operating loss [2]. - Mynaric revised its FY 2024 revenue guidance down to a range of EUR 16.0 million to EUR 24.0 million from a previous range of EUR 50.0 million to EUR 70.0 million, citing production delays [3]. - The company also adjusted its operating loss expectations for FY 2024 to a range of EUR 55.0 million to EUR 50.0 million, compared to the prior guidance of a loss between EUR 40.0 million and EUR 30.0 million [3]. Group 2: Market Reaction - Following the announcement of the revised guidance, Mynaric's American Depository Share (ADS) price fell by $2.32, or 55.9%, closing at $1.83 per ADS on August 20, 2024 [4]. Group 3: Legal Proceedings - Shareholders interested in participating in the class action must submit their application to the court by December 30, 2024, to serve as lead plaintiff [5]. - Robbins LLP, the law firm handling the case, emphasizes that representation is on a contingency fee basis, meaning shareholders pay no fees or expenses [6].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mynaric To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 in Mynaric between June 20, 2024 and October 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Nov. 21, 2024 /PRNewswire/ - ...

Lawsuit Overview - Investors with substantial losses have the opportunity to lead a securities fraud class action lawsuit against Mynaric AG (NASDAQ: MYNA) [1] - The class period for the lawsuit is from June 20, 2024, to October 7, 2024 [1] - The lead plaintiff deadline is December 30, 2024 [1] Allegations Against Mynaric AG - Defendants failed to disclose lower-than-expected production yields and component supplier shortages, causing production delays for Mynaric's CONDOR Mk3 product [2] - These issues were likely to have a material negative impact on the Company's revenue growth and cause an operating loss [2] - Mynaric was unlikely to meet its previously issued financial guidance for FY 2024 [2] - The Company's business and financial prospects were overstated [2] - Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis [2] Class Action Participation - Investors do not need to take any action to be a member of the class action [3] - Investors may retain counsel of their choice or remain an absent member of the class action [3] - Contact information for the Law Offices of Howard G Smith is provided for those interested in learning more about the class action [3]

SAN DIEGO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Mynaric AG (NASDAQ: MYNA) securities between June 20, 2024 and October 7, 2024. Mynaric develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the U.S. and internationally. For more information, submit a form, email attorney Aaron Dumas, ...

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 30, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Mynaric AG (“Mynaric” or the “Company”) (NASDAQ: MYNA) securities between June 20, 2024 and October 7, 2024, inclusive (the “Class Period”). If you suffered a loss on your Mynaric investments or would like to inquire about potentially pursuing claims ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mynaric To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Mynaric between June 20, 2024 and October 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Nov. 15, 2024 (GLOBE NEW ...

LOS ANGELES, Nov. 13, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Mynaric AG ("Mynaric" or "the Company") (NASDAQ: MYNA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between June 20, 2024 and October 7, 2024, inclusive (the "Class Period"), are encour ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mynaric To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 in Mynaric between June 20, 2024 and October 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Nov. 8, 2024 /PRNewswire/ -- ...

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Mynaric AG (“Mynaric” or the “Company”) (NASDAQ:MYNA) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired Mynaric securities between June 20, 2024 and October 7, 2024, both dates inclusive (the “Class Period”). Investors have unti ...

SAN DIEGO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Mynaric AG (NASDAQ: MYNA) securities between June 20, 2024 and October 7, 2024. Mynaric develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the U.S. and internationally. For more information, submit a form, email attorney Aaron Dumas, ...