Bankruptcy: Mynaric AG

Form Type: S-8 POS

Filing Date: 2025-04-15

Corporate Action: Bankruptcy

Type: New

Accession Number: 000095017025054022

Filing Summary: Mynaric AG filed Post-Effective Amendment No. 1 to terminate all offerings under previous Form S-8 registration statements. This action follows a delisting notice from Nasdaq, effective February 18, 2025, due to initiated proceedings under the German Corporate Stabilization and Restructuring Act, potentially resulting in a single shareholder remaining. Consequently, Mynaric is no longer issuing any securities previously covered by the prior registration statements. The filing serves to remove any securities that are registered but unsold or unissued, effectively terminating the registrations under the previous statements. As of this filing date, there will be no securities remaining registered under the prior statements.

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Form Type: S-8 POS

Filing Date: 2025-04-15

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000095017025054023

Filing Summary: On April 15, 2025, Mynaric AG filed a Post-Effective Amendment No. 1 to deregister all securities related to two prior S-8 registration statements due to the initiation of proceedings under the German Corporate Stabilization and Restructuring Act. This follows a delisting notice received from Nasdaq, resulting in the suspension of trading of Mynaric's ADS. Mynaric will only have one remaining shareholder if the restructuring is approved. The filing serves to terminate all offerings under the previous registration statements and remove any unsold or unissued securities from registration. The amendment certifies that Mynaric meets the requirements for filing on Form S-8 and confirms the termination of the effectiveness of the previous statements, meaning no securities will remain registered under those plans after this amendment.

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Form Type: SCHEDULE 13D

Filing Date: 2025-02-14

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000149315225006587

Filing Summary: On February 7, 2025, Mynaric AG submitted a notification to the local court of Munich regarding its restructuring plan under the German Corporate Stabilization and Restructuring Act (StaRUG). This process involves a comprehensive restructuring of Mynaric AG at both equity and debt levels. The investment funds associated with Pacific Investment Management Company LLC, the Reporting Person, have transferred their claims against Mynaric USA Inc. to a German Special Purpose Vehicle (SPV) and provided new bridge financing to Mynaric AG. The existing loans will be converted into new equity through a debt-to-equity swap, leading to the cessation of the current share capital and the cancellation of all outstanding Ordinary Shares without value. Consequently, the Reporting Person anticipates becoming the exclusive owner of the new equity post-StaRUG process, which implies a de-listing of American Depository Shares. If the StaRUG process fails or is rejected, the Reporting Person might consider various strategic alternatives, including mergers, acquisitions, or other transactions involving the Issuer's securities. There are no definite plans for specific proposals as of now.

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