Mynaric Faces Compliance Challenges on Nasdaq

Mynaric AG, a leader in laser communications, announced it has received deficiency letters from Nasdaq. The first letter, dated January 9, 2025, states Mynaric's failure to file required interim financials, breaching Nasdaq Listing Rule 5250(c)(2). The second, dated January 13, 2025, indicates Mynaric did not hold an annual shareholder meeting, violating Listing Rule 5620(a).

These deficiencies do not immediately affect Mynaric's American Depositary Shares, trading under "MYNA". Mynaric has 60 days to comply with financial reporting rules and 45 days for hosting the annual meeting. Failure to address these may lead to delisting.

Additionally, Mynaric is exploring options to meet Nasdaq Rule 5450(b)(2)(A) requirements for maintaining a $50 million market value. Continued non-compliance poses risks of delisting.