According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- lower-than-expected production yields and component supplier shortages of key components were causing production delays for Mynaric’s CONDOR Mk3 product;
- the foregoing issues were likely to have a material negative impact on Mynaric’s revenue growth and cause Mynaric to incur an operating loss;
- as a result, Mynaric was unlikely to meet its own previously issued financial guidance for FY 2024;
- accordingly, Mynaric’s business and/or financial prospects were overstated;
- as a result, Mynaric’s public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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