Mynaric Secures USD 11 Million Bridge Loan and Expects to Agree on an up to USD 9 Million Production Increase Incentive Agreement to Meet Immediate Working Capital Needs [Yahoo! Finance]
Mynaric AG (MYNA)
Company Research
Source: Yahoo! Finance
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 bridge loan in the amount of USD 11 million. Such bridge loan is in addition to the USD 95 million originally provided under such loan agreement and an initial bridge loan in the amount of USD 5.5 million that such lenders agreed to provide on October 2, 2024. As is the case for the original USD 95 million term loans and the initial USD 5.5 million bridge loan, 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, plus a margin of 10% or, at the option of the borrower, a certain alternative base rate, subject to a 2% floor, plus a margin of 9%. The new bridge loan will mature on December 30, 2024.
Show less
Read more
Impact Snapshot
Event Time:
MYNA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MYNA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MYNA alerts
High impacting Mynaric AG news events
Weekly update
A roundup of the hottest topics
MYNA
News
- Mynaric AG Is Being Sued For Violating Securities Regulations And Affected Investors Are Encouraged To Contact The Schall Law FirmAccesswire
- SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of MynaricPR Newswire
- DEADLINE ALERT for TD, MYNA, and FLUX: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of ShareholdersGlobeNewswire
- MYNA SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Mynaric AG Stockholders with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!Accesswire
- DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of MynaricAccesswire
MYNA
Sec Filings
- 11/15/24 - Form 6-K
- 10/8/24 - Form 6-K
- 10/3/24 - Form 6-K
- MYNA's page on the SEC website