EQS-Adhoc: Mynaric announces the approval of the majority of the groups and judicial confirmation of the restructuring plan according to Starug by the restructuring court

Munich, May 28, 2025 – Mynaric AG (OTC: Mynay, Moyff; Isin: US62857x1019) (FRA: M0YN; ISIN: DE000A31C305) (“Society”) reports that the majority of the voting groups in today’s discussion and voting date on the law on the law on the stabilization and restructuring framework for companies (“Starug”) agreed. In the voting procedure, no person affected by the plan has objected to the restructuring plan.

The Munich District Court as a responsible restructuring court then confirmed the restructuring plan in the discussion and voting date. The legal force of the plan confirmation decision occurs at the expiry of the two -week period for the immediate complaint, unless an appeal is filed.

As already communicates in the ad hoc communication of February 7, 2025, the restructuring plan provides for a simplified reduction in the company’s share capital as part of the financial renovation. This leads to a compensationless departure of the current shareholders of the company and the expiry of the stock marketing of the shares of society. Immediately after the capital reduction, the company’s share capital will be increased by means of a bar capital increase to the exclusion of the statutory subscription rights to EUR 50,000. To draw the new shares, JVF-Holding GmbH will only be approved as a financial creditor affected by the plan.

Furthermore, the restructuring plan regulates, among other things, the issuance of existing loan claims in the amount of USD 105.5 million as well as the interest from it and any exit fees by the financial creditor affected by the plan. Among other things, this decree is under the suspensive conditions that JVF-Holding GmbH draws the new shares and provides the cash contribution and the conclusion of the investment test procedure on the part of the German Federal Ministry of Economics and Energy.

The legal force of the plan confirmation decision is a central prerequisite for the use of the remaining loan total of the renovation loan, which is to ensure the financing of the company and the Mynaric group for the renovation period by December 31, 2028.

The company’s board expects the timely implementation of the restructuring plan and the conclusion of the Starug procedure at the end of Q2/2025 or in the first half of Q3/2025.

Over Mynaric

Mynaric (OTC: Mynay, Moyff) (FRA: M0yn) is a leader in the industrial revolution of laser communication through the production of optical communication terminals for aeronal, space and mobile applications. Laser communication networks offer connectivity from the sky and enable ultra-high data rates and secure data transmission over large distances between movable objects for wireless terrestrical, mobile, air and space-based applications. The company has its headquarters in Munich and other branches in Los Angeles, California, and Washington, DC Further information can be found at mynaric.com.

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