Mynaric Flies US $ 66 million IPO

New York, NY, November 12, 2021--Laser communications specialist Mynaric AG (Frankfurt Stock Exchange; M0Y, ISIN: DE000A0JCY11) announced that its management board today resolved, with the approval of the supervisory board, on the volume and the issue price of the public offering of American Depositary Shares (“ADSs“). The offering will produce gross proceeds of US$ 66,000,000 from the sale of 1,000,000 new ordinary shares of Mynaric in the form of 4,000,000 ADSs at a price of US$16.50 per ADS.

Every four (4) ADSs represent one (1) ordinary share of Mynaric. To implement the public offering of ADSs, the management board has further resolved, with the approval of the supervisory board, to increase the share capital of Mynaric to €5,092,948.00 by issuing 1,000,000 ordinary shares from its authorized capital under exclusion of subscription rights of the existing shareholders.

In addition, Mynaric has granted the syndicate banks an option exercisable for 30-days after the aforementioned resolutions to purchase up to 600,000 additional ADSs.

The ADSs are expected to begin trading on the Nasdaq on or about November 12, 2021 under the ticker symbol “MYNA”.

The offering is expected to close on or about November 16, 2021, subject to the satisfaction of customary closing conditions.

A registration statement relating to the ADSs being sold in this offering has been filed with the U.S. Securities and Exchange Commission and was declared effective on November 10, 2021.