Munich, March 18, 2019 – The Board of Directors of Mynaric AG has today resolved a capital increase with approval of the Supervisory Board. In making partial use of Authorized Capital 2017/I, it was decided, to increase the share capital of the company of Mynaric AG by a nominal amount of EUR 200,000 corresponding to approximately 7.4% of the share capital, excluding the statutory subscription rights of shareholders. The capital increase takes place against cash contributions by issuing 200,000 new bearer shares.

The new shares will be offered to an institutional investor for purchase. The placement price for the new shares is EUR 55.00 per share.

The net proceeds from the capital increase will be used to strengthen the equity base and to support further growth of Mynaric AG.