Mynaric Plans IPO, Listing in United States

GILCHING, Germany, April 7, 2021 – Mynaric AG (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11), a leading developer and manufacturer of laser communication products for aerospace communications networks, plans to pursue an initial public offering (“IPO”) and listing in the United States. It is contemplated that the public offering will consist solely of new shares to be issued by Mynaric by way of a capital increase out of authorized capital. In preparation for the IPO, Mynaric’s management board, with the consent of the supervisory board, has resolved to propose to its annual general meeting to resolve on the creation of authorized capital.

This decision follows the increasing interest in the space industry with new entrants offering disruptive technologies for the larger communications market and government connectivity. The contemplated IPO and listing in the United States is intended to improve Mynaric’s access to U.S. capital markets as Mynaric executes its strategy to industrialize laser communication products. Mynaric plans to use the expected proceeds from such offering to fund the further development of its technology and products and the continued expansion of its production capabilities.

Mynaric’s IPO and listing in the United States could be completed as early as in the second half of 2021, subject to market and other conditions. The final terms of the offering, timing of the transaction and listing venue will be decided by Mynaric at a later stage in the process.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Mynaric

Mynaric is a manufacturer of laser communication technologies used to enable communication and surveillance applications in air and space. Its laser data transmission products include ground and flight terminals, which allow very large quantities of data to be sent wirelessly and securely over long distances between aircraft, autonomous drones, high-altitude platforms, satellites and the ground.

Globally, the need for fast and secure connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or practical reasons. The future therefore calls for an expansion of the existing network infrastructure into air and space. With its laser data transmission products Mynaric is positioned as a pioneer in this growth market.

For more information see: www.mynaric.com