EQS-Adhoc: Mynaric will receive early partial payment of renovation loans due to delays in the starug process

Munich, May 9, 2025 – Mynaric AG (OTC: Mynay, Moyff; Isin: US62857x1019) (FRA: M0YN; ISIN: DE000A31C305) (the “company”) gives the early payment of up to USD 10.5 million of the already agreed renovation loan in the amount of USD 25 million by the previous loans due to delays in the staring procedure known.

On February 7, 2025, the company announced, among other things, that the initiation of a restructuring process according to the law on the stabilization and restructuring framework for companies (“Starug”) and the agreement of a loan with the loans based in the United States, Co Finance II LVS I LLC and OC III LVS LIII LP were decided (the “US gateers”)) The US loan leaders approved the provision of a redevelopment loan over USD 25 million (“redevelopment loans”) in order to cover the expected capital requirements to support the company’s production plan and to finance the ongoing operation in accordance with the restructuring plan. The company submitted the final restructuring plan to the responsible restructuring court in Munich in March 2025. The court today scheduled the discussion and voting appointment on May 28, 2025. The company expects the Starug procedure to be completed at the end of Q2/2025 or in the first half of Q3/2025.

In order to ensure the current need for operating and working capital, the company today concluded a change agreement on the redevelopment loan, in which the US loans agreed to pay loans in an altitude of up to USD 10.5 million under the renovation loan earlier than planned (the “premature loan payments”). In addition to the USD 95 million loan and the USD 49.5 million bridging loans, the US DRISTORE, which the US loans have provided in the past, the premature loan payments are made in the past.

The renovation loan (including premature loan payments) is made available to the company and guaranteed by its subsidiaries and 8 % annually with an interest rate. The premature loan payments are subject to the fulfillment of certain requirements, including the conclusion of a guarantee contract by the company and its subsidiaries. The company expects to meet these requirements, so that the premature loan payments will be made entirely on May 12, 2025. The renovation loan (including the premature loan payments) is due on December 31, 2028 and can be terminated prematurely, among other things, when the usual reasons occurs.

The premature loan payments will reduce the loan amount of the renovation loan accordingly. The availability of the remaining loan amount depends on the fulfillment of certain requirements, including confirmation of the restructuring plan and the order of collateral. The company expects to meet these and all other necessary requirements.

In connection with the amendment contract for the renovation loan and in order to enable the premature loan payments, the company has approved certain, restrictive obligations towards the US loan, including the continuation of its business and business of its subsidiaries as part of the normal business activities and maintaining the status quo of their business until the sale of the future participation of the future participation US loan liders at the company. The company learned from a press release published by Rocket Lab USA, Inc. on March 11, 2025, that Rocket Lab and the US loan bonders have a non-binding key point paper (Term Sheet) Regarding the future participation of the US loan leaders in the company, which depends on the signing of binding contracts, the conclusion of the starug procedure and the preservation of official permits. The company is not a party of the key point paper (Term Sheet) or the binding contracts.

About mynaric

Mynaric (OTC: Myoyff) (FRA: M0YN) is a leader in the industrial revolution of laser communication through the production of optical communication terminals for aerospace 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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