Mynaric AG Faces Class Action Lawsuit Over Securities Fraud Claims

LOS ANGELES, Dec. 6, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors with significant losses may have the chance to lead a class action lawsuit against Mynaric AG (“Mynaric” or the “Company”) MYNA.

Class Period: June 20, 2024 – October 7, 2024

Lead Plaintiff Deadline: December 30, 2024

Shareholders who experienced financial loss are encouraged to participate.

The filed complaint claims that, during the Class Period, Defendants did not inform investors that: (1) lower-than-expected production yields and shortages of key components led to delays in producing Mynaric’s CONDOR Mk3 product; (2) these issues could have a major negative effect on the Company’s revenue growth and may result in an operating loss; (3) as a consequence, Mynaric was unlikely to achieve its previously stated financial goals for FY 2024; (4) therefore, the Company’s business and financial outlook were exaggerated; and (5) Defendants’ positive remarks about the Company’s operations and future were misleading or not based on solid evidence.

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To join the class action, no immediate action is necessary. You can choose your own attorney or opt to remain an absent class member. For more details on the class action or inquiries regarding this announcement, please contact Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067, by phone at 310-914-5007, via email at [email protected], or visit our website at www.frankcruzlaw.com. When emailing, please provide your mailing address, phone number, and the number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under applicable laws and ethical standards.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles