Mynaric Secures USD 11 Million Bridge Loan and Expects to Agree on an up to USD 9 Million Production Increase Incentive Agreement to Meet Immediate Working Capital Needs
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Mynaric AG has secured an additional USD 11 million bridge loan from its U.S.-based lenders, supplementing the USD 95 million originally provided and a previous USD 5.5 million bridge loan. The company also anticipates a production increase incentive agreement worth up to USD 9 million to address immediate working capital needs.
November 15, 2024 | 9:45 pm
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Mynaric AG has secured an additional USD 11 million bridge loan to address its immediate working capital needs. This financial move is crucial for maintaining operations and potentially increasing production.
The additional bridge loan of USD 11 million is a significant financial move for Mynaric AG, as it addresses immediate working capital needs. This ensures the company can maintain its operations and potentially increase production, which is positive for short-term stability and growth.
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