Mynaric Secures Another USD 5.0 million Bridge Loan to Meet Immediate Working Capital Needs [Yahoo! Finance]
Mynaric AG (MYNA)
Company Research
Source: Yahoo! Finance
MUNICH, GERMANY / ACCESSWIRE / December 23, 2024 / Mynaric AG (NASDAQ:MYNA) (ISIN: US62857X1019) (FRA:M0YN) (ISIN: DE000A31C305) (the "Company") today entered into an amendment to its existing loan agreement with its U.S.-based lenders, which are funds affiliated with a U.S.-based global investment management firm, pursuant to which such lenders have agreed to provide a third bridge loan in the amount of USD 5.0 million. Such bridge loan is in addition to the USD 95 million originally provided under such loan agreement and the two bridge loans in the aggregate amount of USD 16.5 million that such lenders agreed to provide in October 2024 and November 2024. As is the case for the existing USD 95 million term loans and the previous USD 16.5 million bridge loans, the new bridge loan will be guaranteed and secured by the Company and each of its subsidiaries and bear interest at a rate equal to the Term Secured Overnight Financing Rate (SOFR) for a 3-month tenor, subject to a 2% floor,
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MYNA
News
- MYNA Shareholders Have Opportunity to Lead Mynaric AG Class Action Lawsuit – Contact Bronstein, Gewirtz and Grossman, LLC Today!Accesswire
- MYNARIC ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Mynaric AG and Encourages Investors to Contact the FirmGlobeNewswire
- MYNARIC DEADLINE NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Mynaric AG Investors to Secure Counsel Before Important December 30 Deadline in Securities Class Action – MYNAGlobeNewswire
- MYNA Investors Have Opportunity to Lead Mynaric AG Securities Fraud LawsuitPR Newswire
- Mynaric AG Is Being Sued For Securities Law Violations And Affected Investors Are Urged To Contact The Schall Law FirmAccesswire
MYNA
Sec Filings
- 12/23/24 - Form 6-K
- 12/6/24 - Form 6-K
- 11/15/24 - Form 6-K
- MYNA's page on the SEC website