Mynaric AG Faces Class Action Lawsuit Over Alleged Securities Fraud

BENSALEM, Pa., Dec. 4, 2024 /PRNewswire/ — Investors who have experienced substantial losses can take the lead in a class action lawsuit against Mynaric AG (“Mynaric” or the “Company”) MYNA.

Key Dates for Interested Investors

Class Period: June 20, 2024 – October 7, 2024
Lead Plaintiff Deadline: December 30, 2024

How to Get Involved

Investors who suffered losses in their Mynaric investments should reach out to the Law Offices of Howard G. Smith. For legal inquiries regarding this class action, contact them at 215-638-4847 or via email at [email protected].

Allegations in the Complaint

The filed complaint claims that during the Class Period, Mynaric’s management failed to inform investors about significant issues affecting the company. Specifically, they allegedly did not disclose: (1) production delays caused by lower-than-expected yields and shortages in key components for Mynaric’s CONDOR Mk3 product; (2) these problems were likely to severely impact revenue and lead to operating losses; (3) Mynaric was unlikely to meet its previously stated financial guidance for FY 2024; (4) the company’s business and financial outlooks had been overstated; (5) statements made by the company regarding its prospects were misleading and lacked a reasonable foundation.

Your Rights and Choices

If you want to be part of this class action, you don’t need to take immediate action. You can choose to hire a lawyer or remain an absent member of the class. For further details about the lawsuit or any inquiries regarding your rights, please contact Howard G. Smith, Esquire, at Law Offices of Howard G. Smith, located at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020. You can reach them by phone at (215) 638-4847 or via email at [email protected]. More information is also available at www.howardsmithlaw.com.

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