Mynaric AG, a leading developer and manufacturer of high-speed and high-security laser communication products for air and space-borne applications in government and commercial markets, completed its initial public offering of 4 million American Depositary Shares (ADS) on November 16, with gross proceeds (following exercise of the greenshoe option) of $75.9 million.
The ADS began trading on The Nasdaq Global Select Market on November 12. Mynaric’s shares are also listed in the Scale segment of the Frankfurt Stock Exchange.
Mynaric produces optical communications terminals for air, space and mobile applications. Its laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.
The S&C team advising Mynaric included Krystian Czerniecki and Karoline Koenig. Carsten Berrar advised on matters of German law.