LA PLATA, Maryland — Satellite laser communications terminal provider Mynaric AG, which has claimed it booked more orders for U.S. Space Development Agency (SDA) satellite work than any of its competitors, is likely to file for bankruptcy protection under Germany’s Corporate Stabilization and Restructuring Act (StarRUG), an event that will reduce the company’s share price to zero, the company said.
The company said it had 8.4 million euros ($8.7 million) in cash as of Jan. 29 and and that “other financing opportunities for . . .
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