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Gilching, February 4, 2020 – The Management Board of Mynaric AG has today decided, with the approval of the Supervisory Board, to make partial use of the existing authorized capital and to increase the company’s share capital of EUR 2,904,304.00 by up to EUR 290,430.00 to up to EUR 3,194,734.00 by issuing up to 290,430 new no-par value bearer shares in exchange for cash contributions, excluding the subscription rights of shareholders. The new shares are entitled to dividends as of January 1, 2019.
Mynaric intends to use the funds from the capital increase to further expand the production of its laser communication products, to expand customer acquisition, in particular by strengthening its activities in the USA, and to secure and strengthen its competitive position through further research and development.
The new shares are to be offered exclusively to institutional investors in a private placement by means of an accelerated bookbuilding process, which will be initiated immediately after this announcement. To the extent that new shares are also to be offered to institutional investors in the United States of America, this will be done exclusively pursuant to Rule 144A of the Securities Act of 1933. The exact number of shares to be issued and the placement price will be determined by the Management Board after completion of the accelerated bookbuilding process. It is intended to include the new shares in the existing listing of the company’s shares on February 10, 2020. Delivery of the new shares is also scheduled for February 10, 2020.
Hauck & Aufhäuser Privatbankiers AG will be acting as Sole Bookrunner in the transaction.
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 wireless laser communication products Mynaric is positioned as a prime pioneer in this growth market.
For more information see: www.mynaric.com
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