Mynaric, a laser communications firm, secures $11M loan, seeks more funds amid financial strain.
Mynaric AG, a laser communications company, secured an $11 million bridge loan from U.S. lenders, adding to a previous $95 million loan and a $5.5 million bridge loan. The company also anticipates a $9 million production incentive agreement, with $4.3 million to be received within 30 days. As of November 15, Mynaric had €3.8 million in cash and is seeking additional funding to meet operational needs.
5 months ago
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