DGAP-News

Mynaric announces closing of public offering in the United States

DGAP-News: Mynaric AG / Key word(s): IPO/Capital Increase Mynaric announces closing of public offering in the United States 21.11.2021 / 12:36 The issuer is solely responsible for the content of this announcement. Gilching, November 21, 2021 - Mynaric AG (Nasdaq: MYNA; Frankfurt Stock Exchange: M0Y) announced today the closing of its public offering on November 16, 2021 in the United States of 4,000,000 American Depositary Shares ("ADSs"). Every four (4) ADSs represent one (1) ordinary share of Mynaric. All ADSs sold in the public offering were offered by Mynaric at a public offering price of USD 16.50 per ADS.

On November 14, 2021, Mynaric announced that the underwriters' option to purchase additional shares (the "Option") had been fully exercised and that the Management Board of Mynaric had resolved, with consent of the Supervisory Board, upon the issuance of 150,000 new shares (corresponds to 600,000 ADSs based on a ratio of 1:4) based on the authorization as resolved by the shareholders' meeting held on May 14, 2021. The Option closed on November 18, 2021 and was subject to customary closing conditions.

In total, Mynaric received gross proceeds through the transaction in an amount of USD 75.9 million comprising the base offering of 4,000,000 ADSs (USD 66.0 million) and the exercised Option to purchase 600,000 additional ADSs (USD 9.9 million), before deducting underwriting commissions and estimated offering expenses payable by Mynaric.

Credit Suisse and Jefferies acted as joint lead book-running managers for the offering. Canaccord Genuity and Berenberg acted as joint bookrunners for the offering. Beech Hill Securities acted as co-manager for the offering.

A registration statement relating to the ADSs being sold in this offering has been filed with the U.S. Securities and Exchange Commission and was declared effective on November 10, 2021.

The offering was made through a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by telephone at [phone] or by email at [e-mail], or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, N.Y. 10022, by telephone at [phone] or by email at [e-mail].