Mynaric AG with a successful stock market debut

Mynaric AG with a successful stock market debut

Munich, 30 October 2017 – Mynaric AG, a specialist for innovative laser-based communication networks in air and in space, has today given its successful stock market debut. In the course of this morning the share price rose to more than 57.00 Euro. This is an increase of more than six per cent compared to the issue price of 54.00 Euro.

“The successful IPO is an important milestone for us. There is great interest in our products for the realization of the internet above the clouds. With the funds from the IPO we have the opportunity to generate significant growth,” says Dr. Wolfram Peschko, Chief Executive Officer of Mynaric AG.

The generated gross issuance proceeds of 27.3 million euros are intended primarily for the creation of serial production capabilities. This requires investments in measurement systems and assembly. In addition, the proceeds are to be used to fund the further development of laser terminals for space, the general improvement of the performance of the products and continued internationalisation.

The offering of Mynaric AG included up to 440,000 shares from a capital increase and an overallotment option (‘green-shoe option’) consisting of up to 66,000 shares, also from a capital increase. All 506,000 shares offered were placed.

The Mynaric AG shares carry the International Securities Identification Number (ISIN) DE000A0JCY11 and the securities identification number (WKN) A0JCY1.

Hauck & Aufhäuser acted as sole global coordinator and bookrunner for the IPO.

 

About Mynaric AG

Mynaric (formerly Vialight Communications) is a manufacturer of laser communication technologies for building dynamic communication networks in air and in space. The products for wireless data transmission include ground stations and laser terminals that allow very large quantities of data to be transmitted wirelessly at high speed over long distances.

 

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Important information

This announcement does not contain or constitute an offer to sell nor a solicitation to buy or subscribe for securities. The offer has ended. It is no longer possible to subscribe for Mynaric AG shares via this offer. The offer in Germany was made exclusively on the basis of the published securities prospectus deposited with the Federal Financial Supervisory Authority (BaFin). The securities prospectus is available free of charge at Mynaric AG, Friedrichshafener Straße 3, 82205 Gilching, Germany, and at www.mynaric.com under the menu item “Investor Relations”.

This announcement is not an offer of securities for sale in the United States of America (the “United States”). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from the Company and that would contain detailed information about the Company and its management, as well as the financial statements of the Company. There will be no public offer of the securities in the United States.

In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (all such persons are collectively referred to herein as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this information or any of its contents.

Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.