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Mynaric Announces Receipt of Deficiency Letter from Nasdaq

1. Mynaric received a deficiency letter from Nasdaq over bid price compliance. 2. The company failed to maintain a minimum bid price of $1.00.

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FAQ

Why Very Bearish?

Non-compliance with Nasdaq rules can lead to delisting, impacting investor confidence.

How important is it?

Failure to comply with listing requirements is significant for investor sentiment and stock performance.

Why Short Term?

Immediate market reaction expected due to compliance issues, affecting current trading.

Related Companies

MYNA
MUNICH, DE / ACCESS Newswire / January 29, 2025 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, announces that it received a notification letter dated January 23, 2025 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that Mynaric is no longer in compliance with the Nasdaq continued listing criteria, including the Nasdaq Listing Rule 5450(a)(1) due to its failure to meet the minimum closing bid price per share of Mynaric's American Depositary Shares representing its ordinary shares (the "ADS") of $1.00 for a period of 30 consecutive business days (the "Minimum Bid Price Requirement"). The Deficiency Letter has no immediate effect on the listing of Mynaric's ADS, which continue to trade under the symbol "MYNA.

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