Rocket Lab to acquire Mynaric

Rocket Lab (RKLB) “announced it has entered into a non-binding term sheet with certain lenders to acquire, subject to receipt of certain governmental approvals including those described herein, a controlling equity position in Mynaric AG. Mynaric is a leading provider of laser optical communications terminals for air, space, and mobile applications. The transaction is expected to close following the completion of Mynaric’s previously announced and pending StaRUG restructuring proceedings under German law, the completion of which would result in certain outstanding debt held by the Lenders converting into 100% of the equity of Mynaric, subject to receipt of applicable regulatory approvals.”