Mynaric AG to Reduce Share Capital to Zero, End Trading on Frankfurt Stock Exchange

Mynaric AG expects the capital reduction to zero and subsequent capital increase to take effect shortly, resulting in current shareholders leaving without compensation and trading ending. The restructuring plan was approved by the majority of affected parties and confirmed by the Munich Local Court. The cash payment for the capital increase has been made, and the subscription certificate for new shares has been issued. Trading of the shares on the Frankfurt Stock Exchange will be terminated upon entry of the capital reduction in the commercial register.

Munich, July 2, 2025 – Mynaric AG (OTC: MYNAY, MOYFF; ISIN: US62857X1019) has announced that its capital reduction to zero euros and subsequent cash capital increase, as part of its restructuring plan, will soon be implemented. This move, which was approved by the majority of affected parties and confirmed by the Munich Local Court, will result in current shareholders leaving the company without compensation and trading of the shares on the Frankfurt Stock Exchange being terminated.

The restructuring plan, approved by the majority of those affected and confirmed by the Munich Local Court on May 28, 2025, is now legally binding. The plan includes a capital reduction to zero euros and a subsequent cash capital increase with the exclusion of subscription rights. The Munich tax office has also issued the required binding information under the restructuring plan.

JVF-Holding GmbH, a financial creditor affected by the plan, has informed Mynaric AG that it is not necessary to wait for the conclusion of the investment review process. Consequently, the cash payment for the capital increase has been made, and the subscription certificate for the new shares has been issued. Mynaric AG will now apply for registration of the two capital measures with the commercial register.

Upon the entry of the reduction of the share capital to zero euros in the commercial register, the existing shares will expire, shareholders will leave the company without compensation, and trading of the shares on the Frankfurt Stock Exchange will be terminated. The existing shares will be removed from the custody accounts by the custodian banks in the following days.

Mynaric AG is a leading company in the industrial revolution of laser communications, producing optical communications terminals for air, space, and mobile applications. The company is headquartered in Munich, Germany, with additional operations in Los Angeles, California.

Forward-Looking Statement

This release includes forward-looking statements. These statements represent the company’s opinions, expectations, assumptions, beliefs, intentions, estimates, or strategies regarding the future, which may not be realized. Actual results may differ materially from those anticipated or implied in the forward-looking statements. The forward-looking statements included in this release are based on current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations, and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and actual results may differ materially and adversely from those anticipated or implied in the forward-looking statements. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements.

References

[1] https://mynaric.com/news/mynaric-expects-the-capital-reduction-to-zero-and-subsequent-capital-increase-to-take-effect-shortly-resulting-in-the-current-shareholders-to-leave-without-compensation-and-trading-to-end/
[2] https://www.tradingview.com/news/eqs:990736352094b:0-mountain-alliance-successfully-places-capital-increase-against-cash-contribution-to-finance-a-short-term-investment-opportunity-in-the-defence-tech-sector/