United States securities and exchange commission logo
August 17, 2021
Stefan Berndt-von B low
Chief Financial Officer
Mynaric AG
Dornierstra e 19
82205 Gilching, Germany
Re: Mynaric AG
Amendment No. 1 to
Draft Registration Statement on Form F-1
Submitted August 6,
2021
CIK No. 0001850453
Dear Mr. Berndt-von B low:
We have reviewed your amended draft registration statement and
have the following
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.
Please respond to this letter by providing the requested
information and either submitting
an amended draft registration statement or publicly filing your
registration statement on
EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
believe an amendment is appropriate, please tell us why in your
response.
After reviewing the information you provide in response to these
comments and your
amended draft registration statement or filed registration statement, we
may have additional
comments. Unless we note otherwise, our references to prior comments are
to comments in
our July 23, 2021 letter.
Registration Statement on Form F-1
Prospectus Summary, page 1
1. We note your response
to prior comment 1. Please include disclosure in the filing
clarifying why you
believe the company is a leading developer and manufacturer of laser
communication
technology for aerospace communications networks in government and
commercial market.
For example, this may be based on the company s production
volume in comparison to
competitors or its admittance to the Space Technology Hall of
Fame.
Stefan Berndt-von B low
FirstName LastNameStefan Berndt-von B low
Mynaric AG
Comapany
August 17, NameMynaric
2021 AG
August
Page 2 17, 2021 Page 2
FirstName LastName
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Key Factors Affecting Our Results of Operations, page 59
2. We note your response to prior comment 7. Please revise to include the
total number of
customers for each period presented, including the number of
government customers
versus commercial customers. To the extent the company has only
entered into several
material customer contracts, please disclose the material terms of
such contracts. Further,
please confirm that the company did not generate any revenue by sales
to governmental
entities directly and through the company s partners for all periods
presented.
You may contact Joseph Cascarano, Senior Staff Accountant, at (202)
551-3376
or Robert Littlepage, Accounting Branch Chief, at (202) 551-3361 if you have
questions
regarding comments on the financial statements and related matters. Please
contact Alexandra
Barone, Staff Attorney, at (202) 551-8816 or Jan Woo, Legal Branch Chief, at
(202) 551-3453
with any other questions.
Sincerely,
Division of
Corporation Finance
Office of
Technology
cc: Krystian Czerniecki