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Two Blokes May 9 -
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MUNICH, DE / ACCESS Newswire / May 9, 2025 / Mynaric AG (OTC PINK:MYNAY)(MOYFF) (ISIN: US62857X1019) (FRA:M0YN) (ISIN: DE000A31C305) (the "Company") announces the early disbursement of up to USD 10.5 million from the already agreed USD 25 million restructuring facility by its existing lenders due to delays in StaRUG proceedings. On February 7, 2025, the Company had announced, among other things, that it resolved on commencing restructuring proceedings in accordance with the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen) ("StaRUG") and on a loan agreement with its U.S.-based lenders CO FINANCE II LVS I LLC and OC III LVS LIII LP (the "U.S. Lenders") pursuant to which the U.S. Lenders agreed to provide restructuring loans in the amount of USD 25 million (the "Restructuring Facility") to cover expected capital needs to support the Company's production plan and to fund its ongoing operations in accordance with its restructuring plan.
