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flag Mynaric seeks $16.5M loan extension, may reorganize under German law, risking shareholder losses.

flag Mynaric, a Munich-based laser communication company, is negotiating with its main lender for a $16.5 million loan extension and additional funding to support its operations. flag The lender’s support is conditional on Mynaric initiating a financial reorganization under Germany’s Corporate Stabilization and Restructuring Act (StaRUG). flag This could lead to shareholders losing part or all of their investment. flag Mynaric has postponed its annual general meeting.

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