Mynaric AG Faces Class Action Lawsuit Over Securities Violations

The Schall Law Firm, a national firm dedicated to protecting shareholder rights, has announced a class action lawsuit against Mynaric AG (“Mynaric” or “the Company”) MYNA. This legal action addresses violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 set forth by the U.S. Securities and Exchange Commission.

Investors who bought shares during Mynaric’s Class Period, from June 20, 2024, to October 7, 2024, should reach out to the law firm before the deadline of December 30, 2024.

If you are a shareholder who has incurred losses, click here to join the class action.

To discuss your rights at no cost, contact Brian Schall of the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. You can call him at 310-301-3335 or reach out via the firm’s website at www.schallfirm.com, or email at bschall@schallfirm.com.

Note that the class has not yet been certified. Until that occurs, investors are not represented by an attorney. If no action is taken, you will be considered an absent class member.

The complaint alleges that Mynaric made misleading statements which led to false expectations in the market. Specifically, issues such as low production yields and component shortages created delays in the production of Mynaric’s CONDOR Mk3 product, which in turn was likely to hinder revenue growth and overall financial performance. These overstatements about the Company’s financial health caused public statements to be regarded as false and materially misleading. Consequently, when the actual situation came to light, investors faced significant losses.

Join the class action to seek recovery for your losses.

The Schall Law Firm is committed to advocating for investors globally and specializes in securities class action lawsuits and shareholder rights issues.

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