Mynaric Secures Additional USD 5 Million Bridge Loan

Mynaric AG has secured a USD 5 million bridge loan to address its immediate working capital requirements. This new financial agreement adds to the existing USD 95 million and two previous bridge loans totaling USD 16.5 million, provided under the same terms. The loan, guaranteed and secured by Mynaric and its subsidiaries, will bear interest tied to the Term SOFR, with maturity set for January 31, 2025.

The provision of this loan depends on meeting certain conditions, including presenting an updated liquidity plan. This plan must demonstrate that the company, along with its subsidiaries, can fulfill their financial obligations while the loan is outstanding. Mynaric aims to utilize this loan fully and satisfy these conditions swiftly to maintain its operations.

Aside from loan proceeds, as of December 20, 2024, Mynaric holds EUR 8.9 million in cash and equivalents to support operational needs. Negotiations for additional funding hinge on entering StaRUG proceedings, with potential risks for shareholders.