Mynaric announces approval of the majority of the groups and confirmation of the StaRUG restructuring plan by the restructuring court

EQS-Ad-hoc: Mynaric AG / Key word(s): Miscellaneous Mynaric announces approval of the majority of the groups and confirmation of the StaRUG restructuring plan by the restructuring court 28-May-2025 / 23:21 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement.

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MUNICH, May 28, 2025 – Mynaric AG (OTC: MYNAY, MOYFF; ISIN: US62857X1019) (FRA: M0YN; ISIN: DE000A31C305) (the “Company”) announces that the majority of the voting groups at today's discussion and voting meeting (Erörterungs- und Abstimmungstermin) approved the restructuring plan proposed by the Company in accordance with the German Corporate Stabilization and Restructuring Act (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen) (“StaRUG”). No party affected by the plan objected to the restructuring plan during the voting procedure

The local court in Munich, as the competent restructuring court, subsequently confirmed the restructuring plan in the same discussion and voting meeting. The restructuring plan becomes legally effective upon expiry of the two-week period for immediate appeal, if no remedies are filed.

As already communicated in the ad hoc announcement of February 7, 2025, the restructuring plan provides for, among other things, a simplified reduction of the Company's share capital to zero as part of the financial restructuring. This will lead to the exit of the Company's current shareholders without compensation and the delisting of the Company's shares. Immediately following the capital reduction, the share capital will be increased to EUR 50,000 by means of a cash capital increase excluding statutory subscription rights. Only JVF-Holding GmbH will be admitted to subscribe to the new shares as a financial creditor affected by the plan.

Furthermore, the restructuring plan provides for the waiver of existing loan receivables in the amount of USD 105.5 million as well as the interest due thereon and any exit fees by the financial creditor affected by the plan. This waiver is subject, among other things, to the conditions precedent that JVF-Holding GmbH subscribes for the new shares and makes the cash contribution and the conclusion of the investment review process by the German Federal Ministry of Economics and Energy (Bundesministerium für Wirtschaft und Energie).

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