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Mynaric Announces Receipt of Deficiency Letters from Nasdaq

1. Mynaric received two deficiency letters from Nasdaq for compliance failures. 2. Failure to submit financials and hold annual meetings threatens listing.

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FAQ

Why Very Bearish?

Non-compliance with Nasdaq regulations often leads to significant stock declines, as seen with other companies facing similar situations.

How important is it?

The failure to comply with key Nasdaq regulations can severely impact investor trust and stock performance.

Why Short Term?

Immediate listing concerns will likely affect investor confidence in the near term.

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MYNA
MUNICH, DE / ACCESSWIRE / January 15, 2025 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it received a notification letter dated January 9, 2025 (the "Deficiency Letter I") 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 5250(c)(2) due to its failure to file an interim balance sheet and income statement as of the end of its second quarter on Form 6-K no later than six months following the end of the Mynaric's second quarter (the "Interim Reporting Requirement"). Furthermore, Mynaric today announced that it received a notification letter dated January 13, 2025 (the "Deficiency Letter II") from Nasdaq notifying that Mynaric is no longer in compliance with Listing Rule 5620(a) due to its failure to hold an annual meeting of shareholders within twelve months of the end of the Mynaric's fiscal year (the "Annual Meeting Requirement").

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