Mynaric's Restructuring Plan Gains Court Approval

Mynaric AG announced the successful approval of its restructuring plan under the German StaRUG framework. During a crucial meeting, the majority of voting groups supported the proposal, with no objections raised. The restructuring court in Munich confirmed the plan, which will become legally effective if no immediate appeals are filed within two weeks.

The restructuring entails a reduction of share capital to zero, leading to the exit of current shareholders without compensation and delisting of shares. A simultaneous capital increase will allow JVF-Holding GmbH to subscribe to new shares as a financial creditor. The plan also involves a waiver of loan receivables totaling USD 105.5 million.

The legal affirmation of the plan facilitates the continued financing of Mynaric until 2028. Completion is expected by mid-2025.