Investors Take Action: Mynaric AG Faces Class Action Lawsuit

LOS ANGELES, Dec. 20, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz report that investors who have incurred significant losses now 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 have suffered losses are encouraged to participate.

The complaint asserts that during the Class Period, Defendants failed to inform investors that: (1) production delays for Mynaric’s CONDOR Mk3 product were due to lower-than-expected yields and component shortages; (2) these problems were likely to harm the Company’s revenue growth and lead to an operating loss; (3) Mynaric would likely not meet its previous financial forecasts for FY 2024; (4) this meant that Mynaric’s business and financial outlook was exaggerated; and (5) therefore, the Defendants’ positive claims about the Company’s situation were misleading.

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No immediate action is required to join the class action; you may either retain your own counsel or choose to remain an absent class member. For more details about this lawsuit or if you have questions, 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, by email at [email protected], or visit our website at www.frankcruzlaw.com. If contacting via email, please include your mailing address, phone number, and number of shares purchased.

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