Mynaric AG secures $5.5M bridge loan, customer milestone payment, while planning liquidity.
Mynaric AG, a German laser communications firm, has obtained a $5.5 million bridge loan from U.S. lenders, alongside a $5.5 million milestone payment from a U.S. customer. The loan, maturing on November 24, 2024, is contingent on delivering a liquidity plan to ensure the company can meet its obligations. Funds will support working capital and the production of optical communications terminals for various applications. Mynaric currently has €7.8 million in cash reserves.
October 02, 2024
8 Articles