Investors Offered Chance to Lead Securities Fraud Case Against Mynaric AG

LOS ANGELES
,

Dec. 18, 2024

/PRNewswire/ — The Law Offices of
Frank R. Cruz announces that investors facing significant losses have the chance to lead a securities
fraud class action lawsuit against Mynaric AG (“Mynaric” or the “Company”)
MYNA.

Key Dates for Affected Investors

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

Lead Plaintiff Deadline:
December 30, 2024

If you are a shareholder who suffered a loss, click here to participate.

Allegations in the Class Action Lawsuit

The complaint filed alleges that throughout the Class Period, defendants failed to inform investors that: (1) lower-than-expected production yields and shortages of key components were delaying the production of Mynaric’s CONDOR Mk3 product; (2) these issues could negatively impact the Company’s revenue growth and result in an operating loss; (3) as a result, Mynaric was unlikely to achieve its previously issued financial guidance for FY 2024; (4) therefore, the Company’s business and financial prospects were overstated; and (5) consequently, defendants’ statements about the Company’s operations were misleading and lacked a reasonable basis at all relevant times.

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twitter.com/FRC_LAW.

How to Get Involved in the Class Action

To be a member of the class action, you need not take any action at this time; you may choose to consult with your own lawyer or remain an absent member. For more information about this class action or to discuss your questions or rights regarding the pending lawsuit, please contact
Frank R. Cruz at The Law Offices of
Frank R. Cruz, 2121 Avenue of the Stars, Suite 800,
Century City, California 90067 at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email, please include your mailing address, phone number, and number of shares purchased.

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

Contact Information

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 Law Offices of Howard G. Smith