Mynaric Updates on Operational Continuity and Ongoing Production and Deliveries

EQS-News: Mynaric AG / Key word(s): Miscellaneous Mynaric Updates on Operational Continuity and Ongoing Production and Deliveries 10.03.2025 / 18:30 CET/CEST The issuer is solely responsible for the content of this announcement. Mynaric is continuing to ramp up and increase deliveries of its flagship CONDOR Mk3 StaRUG proceedings intended to place company on secure financial footing moving forward MUNICH, March 10, 2025 –  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today confirms that it is continuing to ramp up production and customer deliveries of the CONDOR Mk3 optical communications terminal and updates on the background to the company's StaRUG proceedings.

“We are continuing to deliver on our promise to the industry to provide scalable products that meet evolving program requirements, and drive innovation in areas such as multi-orbit constellations. To maintain our industry position, we must continue delivering to existing customers while advancing future applications of optical communications technology.”

- Joachim Horwath, Chief Technology Officer and founder of Mynaric

The StaRUG proceedings, once completed, would provide for significant debt relief, enabling the company to continue to serve its current and potential customers, suppliers and partners.

“We firmly believe that this restructuring is the best course of action for Mynaric's future. With the support and trust of our lenders, we are confident in our ability to navigate this period successfully and emerge as an even stronger and more reliable partner.”

- Andreas Reif, Chief Restructuring Officer of Mynaric

Focus on Delivering on Existing Contracts and Winning Future Opportunities

Mynaric is also continuing to pursue opportunities that explore the use of free-space optical communications for additional space programs.

“Mynaric remains fully committed to delivering high-quality products to our customers throughout this process. The continued support of our lenders strengthens our financial position, enabling us to meet the needs of our current customers while expanding to support future partners seeking to deploy our industry-leading optical communication terminals.”