MYNARIC AG (NASDAQ:MYNA) Mynaric AG announces its intention to launch a public offering of American Depositary Shares

Directive transparence : information réglementée

03/11/2021 22:17

DGAP-Ad-hoc: Mynaric AG / Key word(s): IPO
Mynaric AG announces its intention to launch a public offering of American Depositary Shares

03-Nov-2021 / 22:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Gilching, November 3, 2021 - Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11), a leading developer and manufacturer of high-speed and high-security laser communication products for aeronautical and space applications in government and commercial markets, announced today that it intends to commence on November 4, 2021, a public offering in the United States of up to 4,000,000 American Depositary Shares ("ADSs"), with every 4 ADSs representing one ordinary share of Mynaric pursuant to a registration statement on Form F-1, as amended, filed with the U.S. Securities and Exchange Commission ("SEC"). Mynaric expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 ADSs. The sale of the ADSs and the issuance of the underlying ordinary shares will be made from Mynaric's authorized share capital under exclusion of subscription rights of the existing shareholders. Mynaric has applied to list its ADSs on the Nasdaq under the symbol "MYNA".

The initial public offering price for the ADSs will be determined through discussions between Mynaric and the representatives of the underwriters and will take into consideration, among other factors, the closing price of Mynaric's shares on the Frankfurt Stock Exchange on the pricing date (expected for the week of November 8, 2021) translated into U.S. dollars at the then prevailing exchange rate and using an ADS to share ratio of 4 to 1.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering, when available, may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus may be obtained, when available, from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by telephone at (800) 221-1037 or by email at usa.prospectus@credit-suisse.com, or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, N.Y. 10022, by telephone at (877) 821-7388 or by email at prospectus_department@jefferies.com. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state or jurisdiction.

03-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Mynaric AG
Dornierstr. 19
82205 Gilching
Phone: +49 8105 7999 0
E-mail: comms@mynaric.com
Internet: www.mynaric.com
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1246053

End of Announcement DGAP News Service

1246053  03-Nov-2021 CET/CEST