Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Mynaric AG American Depositary Shares

Core Points - The United States District Court for the Eastern District of New York has approved a proposed class action settlement for purchasers of Mynaric AG American Depositary Shares (ADS) [1][2] - The settlement amount is $300,000, with an estimated average recovery of approximately $0.1370 per share for affected Mynaric ADS holders [2][3] Settlement Details - The settlement fund of $300,000 will be created by the Defendants and may accrue interest, to be distributed among eligible Settlement Class Members after deducting court-awarded fees and expenses [3] - A hearing is scheduled for September 16, 2025, to consider the fairness and adequacy of the settlement, the allocation plan, and the application for attorneys' fees [4] Participation and Exclusion - Settlement Class Members must submit a Claim Form by August 4, 2025, to be eligible for a distribution from the Net Settlement Fund [7] - Members wishing to exclude themselves from the Settlement Class must submit a written request by August 19, 2025 [8] Objections - Any objections to the proposed settlement or related applications must be filed with the Court by August 19, 2025 [9]