Insider information pursuant to Article 17 MAR (public disclosure)

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Munich, February 4, 2020 – Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11), a world leader in the design, development and manufacture of laser communication products for high-speed connectivity in air and space, has successfully raised EUR 12.3 million via a private placement of newly issued shares to qualified investors. The placement round was substantially oversubscribed.

Today’s funding comes at the beginning of a year in which Mynaric expects to witness the commercial inflection point for laser communication in aerospace applications. Mynaric recently announced its first contract win of the year and is now focused on preparing for a pronounced uptick in demand for its laser communication products in 2020.
Consequently, the net proceeds of the capital increase will be used primarily to support and consolidate Mynaric’s position in the market.

Funds will be used to facilitate:

  • Continued ramp-up of production of laser communication products for applications in air and space. Mynaric currently has over 30 units in production schedule for 2020 – a number unheard of in the history of laser communication.
  • Increased customer acquisition efforts, particularly by expanding activities in the USA such as creating US-designed and US-sourced electronics and software.
  • Securing and strengthening Mynaric’s market position through advanced developments for next generation technologies.

The timing of this funding is perfect, with our products becoming available just as demand is beginning to pick up. Billions of Euros are due to be invested in satellite constellations and these space and airborne customers are hungry for secure wireless communication. Both of these markets are eager to get their hands on first available laser communication products to prepare large-scale deployments and we stand ready to supply just that.”

– Bulent Altan, Mynaric Executive Board

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

Important information

This announcement serves solely for information purposes and represents neither an offer to purchase, sell, exchange or transfer securities nor the solicitation of an offer to purchase securities of Mynaric AG in the United States of America or any other jurisdiction. The securities of Mynaric AG referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States of America absent registration or an exemption from registration. Neither Mynaric AG nor any other person described herein involved in the transaction intends to register the securities described herein under the Securities Act or with the securities supervisory authority of any state or other jurisdiction in the United States of America in connection with this announcement. Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the company and management, as well as financial statements. The securities must not be offered in any jurisdiction under circumstances that would require the preparation or registration of a prospectus or offering materials in connection with the securities in such a jurisdiction.

In the United Kingdom, this information may only be forwarded, and is only directed, to (i) investment professionals within the meaning of 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 under 49(2)(a) to (d) of the Order (all such persons together being referred to herein as “Relevant Persons”). The securities may only be obtained by Relevant Persons, and any offer to subscribe for or purchase or otherwise acquire such securities and any offer or agreement in such regard will only be made to or entered into with Relevant Persons. Each person who is not a Relevant Person must not act or rely on this communication or its contents.

Subject to certain exemptions, the securities referenced in this announcement must not be sold or offered for sale in Australia, Canada or Japan, or to or for the account of persons domiciled or residing in Australia, Canada or Japan.

Neither Mynaric AG nor any of its affiliates has taken any measures that would allow for a public offer of the securities or the possession or distribution of this announcement or any other offer or marketing material in connection with these securities in any jurisdiction in which such measures are necessary. In member states of the European Economic Area (“EEA”), in which the regulation (EU) 2017/1129 as amended (the “Prospectus Regulation”) is in effect (the “Relevant Member States”), this announcement, and any offer following it, is only addressed to persons who are ‘qualified investors’ within the meaning of Article 2(e) of the Prospectus Regulation (“Qualified Investors”). It is assumed that each person in the Relevant Member States who acquires or is offered securities as part of an offering (an “Investor”) has represented and agreed that such person is a Qualified Investor; that securities purchased by such person as part of the offering are not being purchased for any person in the EEA other than a Qualified Investor or persons in the United Kingdom or another Relevant Member State with comparable legal provisions, with respect to whom the Investor may make decisions at its own discretion; and that the securities would not be purchased for offer or re-sale in the EEA, if this would lead to Mynaric AG or any of its affiliates being required to publish a prospectus under Article 3 of the Prospectus Regulation.

This announcement contains forward-looking statements that are subject to certain risks and uncertainties. Future results may differ significantly from the results that are currently expected, in particular as a result of a number of risk factors and uncertainties such as changes in the business, economic or competitive environments, exchange rate fluctuations, uncertainties related to legal disputes or investigations and the availability of funds. Mynaric AG assumes no responsibility to update the forward-looking statements contained in this announcement.