Mynaric Secures Third $5 Million Bridge Loan for 'Immediate' Working Capital Purposes; Shares Jump Premarket

MT Newswires Live

2024-12-24

Mynaric AG (MYNA) disclosed Monday it secured a $5 million loan following an amendment to its loan agreement with US-based lenders.

The company expected to have the third bridge loan fully drawn as of Dec. 23 to meet "immediate" working capital needs.

The third loan is in addition to the $95 million provided under the agreement and two bridge loans totaling $16.5 million provided by the same lenders in October and November 2024.

The new bridge loan will mature on Jan. 31. The maturity date of the two $16.5 million bridge loans was extended to the same day.

Shares of the company jumped more than 20% in premarket activity Tuesday.

Price: 0.53, Change: +0.09, Percent Change: +20.56

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