News

  • Mynaric AG announces price range for planned IPO and publishes securities prospectus

    • Specialist for laser-based communications networks expects gross IPO proceeds of up to €27.3 million
    • Price range set at €45 to €54 per share
    • Offer period expected to run from 16 October to 25 October 2017
    • Initial listing on the Scale segment of the Frankfurt Stock Exchange planned for 30 October 2017
    • Securities prospectus approved and published

     

    Munich, 13 October 2017 – Mynaric AG, the specialist for innovative, laser-based communications networks in the air and in space, has announced further details of its planned initial public offering on the Frankfurt Stock Exchange (Scale segment). The price range has been set at €45 to €54 per share. The final offer price will be determined by means of a bookbuilding process. The offer comprises up to 440,000 shares from a capital increase, as well as an over-allotment option (“greenshoe”) of up to 66,000 shares, also from a capital increase. Assuming that all the offered shares are sold, the issue volume is expected to be between €22.8 million and €27.3 million. Existing shareholders will not sell any shares in the initial public offering.

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  • Mynaric AG: Specialist in laser-based air and space communication networks plans IPO

    • Mynaric AG aims to be listed in the Scale segment of the Frankfurt Stock Exchange in autumn 2017
    • Pioneer in the growth market for laser communication offering key technology for future-oriented communication networks in the air and in space
    • Seeking IPO proceeds of around EUR20 million to finance growth

     

    Munich, 27 September 2017 – Mynaric AG, specialist in innovative laser-based communication networks in the air and in space, is preparing its IPO on the Frankfurt Stock Exchange. As part of its initial listing, which is scheduled for autumn 2017, the company plans to issue new shares from a cash capital increase to raise around EUR20 million. The issue proceeds will be used to finance the future growth of the laser technology provider.

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  • Mynaric Signs Design and Manufacturing Services Agreement with Airborne Wireless Network Inc.

    Mynaric is pleased to announce that it has entered into a design and manufacturing services agreement with California-based Airborne Wireless Network (OTCQB: ABWN). Mynaric’s innovative airborne wireless laser communications technology will be integrated into ABWN’s proposed Infinitus Super Highway™, a broadband networking system using commercial aircraft as network nodes.

    “We are excited to be working with the team at Airborne Wireless Network to deliver the next innovation in in-flight connectivity,” said Dr. Markus Knapek, Managing Director of Mynaric Lasercom GmbH.  “Mynaric is a front-runner in wireless laser communications for the aerospace market and this is exactly the type of application for which our products are designed”.

    Michael Warren, CEO of ABWN said, “We are extremely pleased to announce our collaboration with Mynaric, a world-renowned pioneer and developer of laser communication products.  With this agreement, we can capitalize on Mynaric’s experience and expertise.  ABWN’S new hybrid approach and the expertise provided by Mynaric should help mitigate challenges and have a significant impact on ABWN’s ability to launch its proposed global airborne wireless meshed network.  ABWN and Mynaric envision a future where high data rate connectivity in the skies and beyond is as natural as on the ground and we believe this collaboration will enable this vision to move forward.”

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  • Mynaric Signs MOU with Airborne Wireless Network Inc. to Transform In-flight Connectivity

    Mynaric has signed a Memorandum of Understanding with California-based Airborne Wireless Network (OTCQB: ABWN), an important step towards integrating Mynarics’s series of airborne laser communication terminals into the Inifinitus Super Highway™, a proposed fully-meshed airborne broadband system that will forever change in-flight connectivity.

    “Mynaric’s approach to commercializing wireless laser communications is exactly what we were looking for,” says ABWN CEO Mike Warren. “We see a strong partnership unfolding between our two companies and look forward to taking the next steps together.”

    “The Airborne Wireless Network concept fits squarely into Mynaric’s business model of mass producing these sophisticated communications systems,” says Markus Knapek, CEO of Mynaric Lasercom GmbH. “We are excited to be working with the team at ABWN to really bring wireless laser communications into the mainstream market.”

    Laser is 100% secure from jamming, as well as interception. It remains stealth due to its narrow beam divergence. The proposed network system would utilize a combination of radio frequencies and lasers to transmit data for ultra-long-distance communications. This proposed high-bandwidth system would put it far beyond the reach of any current competing technologies.

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