Noerr advises Mynaric AG in connection with IPO

Noerr advised Mynaric Group in connection with an IPO. The company’s shares are being traded in the young segment “Scale” at Frankfurt Stock Exchange.

Mynaric develops pioneering laser technology to build global communication networks in the air and in space. The products for a wireless data transfer include ground stations and laser terminals, which enable Mynaric’s customers to transfer large amounts of data wirelessly. Based on a market capitalisation of EUR 118.71 Mio in total, Mynaric Group raised EUR 27,3 Mio (gross) by issuing of approx. 500,000 shares. The funds will be used, amongst other things, to setup series production.

Noerr has been advising Mynaric Group since its foundation on an on-going basis in corporate law and on several financing rounds by a team led by our partners Florian Becker and Robert Korndörfer; recently, the advice comprised the Pre-IPO financing rounds and –  in light of the planned IPO – capital market issues. The total amount of the raised growth capital pre-IPO ranges in the double-digit millions.

Advisors of Mynaric Group: Noerr
Florian Becker (Corporate/M&A, Munich), Robert Korndörfer (Corporate/M&A, London, joint lead), Laurenz Wieneke, Holger Alfes (both Capital Markets, Frankfurt); Associate: Georg Langheld (Capital Markets, Munich)