sets final offer price for initial public offering (IPO) at EUR 46 per share

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS RELEASE.

SMAG Mobile Antenna Masts AG sets final offer price for initial public offering (IPO) at EUR 46 per share

Salzgitter (Germany), 8 July 2026 – SMAG Mobile Antenna Masts AG (the “Company” or “SMAG”), an established developer and manufacturer of mission-critical mobile mast systems for military and defense applications, today has set the final offer price (the “Offer Price“) for its initial public offering (the “Offering”) at EUR 46 per share.

A total of 2,817,500 shares of the Company were placed in connection with the Offering, consisting of 650,000 newly issued shares from a cash capital increase (the “New Shares”), 1,800,000 existing shares (the “Sale Shares”) from the holdings of SMAG Group GmbH (the “Selling Shareholder”), a wholly-owned subsidiary of AEQUITA SE & Co. KGaA, and 367,500 existing shares from the holdings of the Selling Shareholder in connection with an over-allotment option (the “Over-Allotment Shares” and, together with the New Shares and the Sale Shares, the “Offer Shares”).

The total placement volume amounts to EUR 129.6 million, assuming full exercise of the greenshoe option. Based on the final Offer Price, the Company’s market capitalization will amount to approximately EUR 259.9 million.

Trading of the Company’s shares on the Scale segment of the Open Market (Freiverkehr) of the Frankfurt Stock Exchange is expected to commence on or around July 13, 2026, under the ticker symbol “1SMA” and ISIN/WKN DE000A42FR12/A42FR1. Book-entry delivery of the Offer Shares against payment of the Offer Price is expected to take place on or around July 14, 2026.

Cantor acted as Sole Global Coordinator and Sole Bookrunner in connection with the Offering.

The total allocation to retail investors who placed orders via DirectPlace amounts to 2,338 Offer Shares. Retail investor orders received an allocation of 100% of the order size, whereby orders for fewer than 5 shares were not filled. The Principles for the Allocation of Share Issues to Retail Investors, issued on June 7, 2000, by the German Commission of Stock Exchange Experts, were observed.

ABOUT THE COMPANY

Founded in 1974, SMAG Mobile Antenna Masts AG, headquartered in Salzgitter, Germany, is an established developer and manufacturer of mission-critical mobile antenna mast systems for military and defense applications, generating substantially all of its net sales from defense. SMAG is a leading European specialist manufacturer of self-supporting, guy-wire free mobile antenna mast systems for military applications. SMAG Mobile Antenna Masts AG is a trusted partner to more than 50 defense primes, OEMs and government agencies worldwide, including 15 NATO militaries, and employs approximately 170 people.

INVESTOR RELATIONS CONTACT:

Jasmin Dentz
Tel: +49 6997124731
Mail: dentz@gfd-finanzkommunikation.de
PRESS CONTACT: 

Elena Strikker
Tel: +49 5341302447
Mail: elena.strikker@smag.de

DISCLAIMER AND IMPORTANT NOTICE

This announcement is an advertisement for the purposes of Regulation EU 2017/1129, as amended (the “Prospectus Regulation“). This announcement does not constitute or form part of a prospectus. These materials may not be, directly or indirectly, published, distributed or transmitted in or into the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities“) of SMAG Mobile Antenna Masts AG (the “Company“) in the United States, Australia, Canada, Japan or any other jurisdiction in which such offer or solicitation is unlawful. The Securities have already been sold. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act“). There was and will be no public offering of the Securities in the United States. The Securities of the Company have not been, and will not be, registered under the Securities Act. The Securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer was made solely by means of, and on the basis of, a securities prospectus which was published already. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of the securities prospectus which approval should not be understood as an endorsement of the securities offered. The securities prospectus was published promptly upon approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “Bafin“) and will be available free of charge on the website of the Company (https://www.smag.de). Investors should subscribe for or purchase shares solely on the basis of the prospectus (including any supplements thereto) and should read the prospectus (including any supplements thereto) before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. Investment in shares entails numerous risks, including a total loss of the initial investment, which will be described in the first chapter “Risk Factors” of the prospectus.

In any member state of the European Economic Area, this communication is only addressed to and is only directed at qualified investors in such member state within the meaning of the Prospectus Regulation, and no person that is not a qualified investor may act or rely on this communication or any of its contents.

In the United Kingdom, this document is only being distributed to and is only directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Public Offers and Admissions to Trading Regulations 2024 (POATRs) who are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order“), or (ii) persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.), or (iii) persons to whom an invitation or inducement to engage in an investment activity (within the meaning of section 21 of the United Kingdom Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons“). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

The present material contains various statements relating to the future development of the Company. These statements are based on assumptions and estimates. Although we are convinced that the forward-looking statements are realistic, they are not guarantees of future performance since our assumptions involve risks and uncertainties that could cause the actual performance and results as well as the financial and net asset position to differ materially from those anticipated. Such factors include market fluctuations, the development of world market prices for commodities or spare parts as well as financial markets and exchange rates, changes in national or international laws and regulations or fundamental changes in the economic and political environment. The Company does not intend to and does not undertake any obligation to update any forward-looking statements in order to reflect events or developments after the date of this material.

Cantor Fitzgerald Ireland Limited (the “Bank“) is acting exclusively for the Company and the Selling Shareholder and no one else in connection with the planned offering of shares of the Company (the “Offering“) and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing advice in relation to any offering or any transaction or arrangement referred to herein. The Bank and its affiliates expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

Certain industry, market and competitive position data contained in this announcement comes from official or third-party sources. Third-party industry publications, studies and surveys generally state that the information they contain originates from sources assumed to be reliable, but that the accuracy and completeness of such information is not guaranteed. Market studies are usually based on certain assumptions and expectations at the time of their preparation which may turn out not to be accurate or appropriate, and their methodology is inherently predictive and speculative. Moreover, the market data and other information included in market studies is typically partially based on other industry publications as well as market research, which itself is based on sampling and subjective judgments by both the researchers and the respondents, including judgments about what types of products and transactions should be included in the relevant market. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this announcement.

In connection with the planned Offering, the Bank and any of its affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of the Company and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities and other securities of the Company or related investments in connection with the planned Offering or otherwise. Accordingly, references in the prospectus, to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Bank and any of its affiliates acting as investors for their own accounts. In addition, the Bank or its respective affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which the Bank (or its affiliates) may from time to time acquire, hold or dispose of the Company’s shares. The Bank does not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Neither the Bank nor any of its representatives accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The information contained in this release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this release or its accuracy, fairness or completeness. The expected date of the inclusion into trading of shares of the Company on the Scale segment of the Open Market (Freiverkehr) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) (the “Inclusion“) may be influenced by factors such as market conditions. There is no guarantee that Inclusion will occur and no financial decision should be based on the intentions of the Company in relation to Inclusion at this stage. Acquiring investments to which this release relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorized person specializing in advising on such investments. This release does not constitute a recommendation concerning the Offering. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned.