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MYNARIC AG Mynaric files registration statement for proposed Initial Public Offering of American Depositary Shares and listing on Nasdaq

Directive transparence : information réglementée

20/10/2021 13:13

DGAP-News: Mynaric AG / Key word(s): IPO
Mynaric files registration statement for proposed Initial Public Offering of American Depositary Shares and listing on Nasdaq

20.10.2021 / 13:13
The issuer is solely responsible for the content of this announcement.


Gilching, Germany, 20 October 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 has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed offering and sale in the United States of shares of Mynaric represented by American Depositary Shares ("ADSs"). The registration statement has not yet become effective and the final number of ADSs to be offered and their price have not yet been determined.

Mynaric's shares are currently listed in the Scale segment of the Frankfurt Stock Exchange in Germany and included in the Scale 30 index. Mynaric has applied for a listing of the ADSs on the Nasdaq Stock Market in the United States under the ticker symbol "MYNA". The new shares underlying the ADSs will be issued from Mynaric's authorized capital.

Credit Suisse and Jefferies are acting as lead joint book-running managers for the offering. Canaccord Genuity is acting as book-runner for the offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained, when available, for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus, when available, may be obtained 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 press release 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.

ABOUT MYNARIC
Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) produces the optical fiber for the skies and, as a pioneer of laser communication, enables extremely fast and secure wireless data transmission between aircraft, drones and satellites. Globally, the need for fast and ubiquitous network connectivity is advancing inexorably. Data networks such as the internet are now largely based on infrastructure on the ground which cannot be expanded arbitrarily for legal, economic or logistical reasons. The future, therefore, calls for an expansion of the existing network infrastructure into air and space. Mynaric provides laser communication products to establish the necessary data highways for telecommunication constellations in air and space. Learn more at mynaric.com.

FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements concerning future events, including the proposed offering and listing of Mynaric's securities. Words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "should," "target," "would" and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding completion of the offering. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Mynaric at the time these statements were made. No assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Mynaric. Among the factors that may result in differences include risks indicated in the risk factors included in Mynaric's Registration Statement on Form F-1 and other filings with the SEC. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. Mynaric expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Mynaric's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.



20.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Mynaric AG
Dornierstr. 19
82205 Gilching
Germany
Phone: +49 8105 7999 0
E-mail: comms@mynaric.com
Internet: www.mynaric.com
ISIN: DE000A0JCY11
WKN: A0JCY1
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1242200

 
End of News DGAP News Service

1242200  20.10.2021 

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