on Mynaric AG (isin : DE000A0JCY11)
Mynaric Receives Nasdaq Deficiency Letter
On October 8, 2024, Mynaric, a company specializing in industrial laser communications, announced it has received a deficiency letter from Nasdaq. This notification, dated October 2, 2024, indicates that the company no longer meets the continued listing criteria set by Nasdaq. Specifically, Mynaric has failed to maintain the minimum market value of $50 million required for listed securities.
The letter does not immediately affect the trading of Mynaric's American Depositary Shares (ADS), which continue under the symbol "MYNA." Mynaric has 180 days from the issuance of the letter, or until March 31, 2025, to regain compliance. If the market value criterion is met over ten consecutive days during this period, compliance will be restored.
Should Mynaric fail to meet the requirement by the deadline, it could face delisting but may appeal to a hearings panel or apply for a transfer to Nasdaq Capital Market.
R. E.
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