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Mynaric AG ( (DE:M0YN) ) has provided an announcement.
On January 29, 2025, Mynaric AG announced it received a deficiency letter from Nasdaq, dated January 23, 2025, indicating non-compliance with the minimum bid price requirement of $1.00 for its American Depositary Shares over 30 consecutive business days. Mynaric has 180 days, until July 22, 2025, to regain compliance, and failure to do so could lead to further grace periods or potential delisting. This development highlights ongoing challenges for Mynaric, which faces additional compliance issues regarding market value of listed securities, interim reporting, and holding an annual meeting, impacting its operational and financial strategy.
More about Mynaric AG
Mynaric (NASDAQ: MYNA) (FRA: M0YN) is a leading company in the field of laser communications, specializing in industrialized, cost-effective, and scalable optical communications terminals for air, space, and mobile applications. These terminals enable ultra-high data rates and secure, long-distance data transmission between moving objects. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.
YTD Price Performance: 37.04%
Average Trading Volume: 165
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.86M
Find detailed analytics on M0YN stock on TipRanks’ Stock Analysis page.
