ROSEN, SKILLED INVESTOR COUNSEL, Encourages Mynaric AG Investors to Secure Counsel Before Important Deadline in Securities Class Action

Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of Mynaric AG securities during the specified Class Period, highlighting potential compensation for affected investors [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to securities purchased between June 20, 2024, and October 7, 2024, and aims to address misleading statements made by Mynaric AG regarding its production and financial outlook [1][5]. - Investors who purchased Mynaric securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5]. - Interested parties can join the class action by submitting a form or contacting the law firm directly, with a deadline for lead plaintiff applications set for December 30, 2024 [3][6]. Group 2: Allegations Against Mynaric AG - The lawsuit alleges that Mynaric AG made false and misleading statements regarding production yields and component shortages, which led to production delays for its CONDOR Mk3 product [5]. - It is claimed that these issues would negatively impact Mynaric's revenue growth and potentially lead to an operating loss, making it unlikely for the company to meet its previously issued financial guidance for FY 2024 [5]. - The lawsuit asserts that Mynaric's public statements were materially false and misleading, resulting in investor damages when the true situation became known [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm is recognized for its success in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [4].