LA PLATA, Maryland — Satellite lasercom terminal manufacturer Mynaric AG entered the German equivalent of US Chapter 11 restructuring in February and told shareholders that whatever differences between Chapter 11 and Germany’s StaRUG, they shared at least one outcome:
In both cases, equity shareholders would be wiped out.
In case that was not clear enough, Mynaric on May 28 repeated the warning:
“As already communicated… the restructuring plan provides for, among other things, a simplified reduction of the Company's share capital to . . .
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