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.(more…)
MUNICH & LOS ANGELES, February 2, 2021 (Mynaric PR) – Mynaric can announce today that it is expanding its U.S footprint by opening an office in Washington D.C. to place its team closer to U.S. government organizations driving the adoption of laser communication.
The U.S. government is the driving force for the rapid deployment of laser communication capabilities, currently, and as such also a catalyst for the adoption by commercial stakeholders. The Space Development Agency alone is expected to procure up to 150 satellites equipped with laser communication capabilities in 2021 as part of its Tranche 1 Transport layer and Mynaric is seeing increased interest from the sector following its selection for two U.S. governmental programs last year.(more…)
MUNICH, August 17, 2020 (Mynaric PR) – Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) has announced that Tina Ghataore has been appointed company president of its US-branch Mynaric USA. Tina joins Mynaric USA from Yahsat, a Mubadala company, where she was spearheading the expansion of their satellite communication services business into the mobility communications sector, as the Executive Vice President for Inflight Connectivity. (more…)
- Mynaric announces deal for the delivery of multiple space laser communication terminals worth EUR 1.7m
- Contract confirms market demand for Mynaric’s cost-effective, serially produced laser communication inter-satellite product designed for mega-constellations
Munich, October 17, 2019 (Mynaric PR) – Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) has announced today that it will deliver multiple laser communication flight terminals to an undisclosed customer in an initial deal valued at EUR 1.7 million ($1.9 million).
The company’s space products are scheduled to be launched on a product validation mission which will serve as a pathfinder to integrate and qualify Mynaric’s products with the customer’s satellites.(more…)
MUNICH, March 18, 2019 – Mynaric (Frankfurt Stock Exchange: M0Y, Scale 50, ISIN: DE000A0JCY11) can today announce it will receive additional post-IPO funding of EUR 11M from the lead investor of a satellite constellation it is working with. The shares are subscribed to at EUR 55 per share.
In October 2018, Mynaric announced an MoU with the builder of a satellite constellation that is expected to require upwards of 1,000 of Mynaric’s laser communication terminals, after an initial demonstration mission, and today’s funding comes from the lead investor of that satellite constellation.