secwatch.observer — SEC 8-K summary
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Issuer:     Momentus Inc. (MNTS)
CIK:        0001781162
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001140361-23-008329
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Momentus raises $10M in registered direct offering; issues shares and warrants at $0.8646
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- Gross proceeds of $10M from sale of 9.396M shares, pre-funded warrants for 2.17M shares, and warrants for 11.566M shares.
- Combined purchase price $0.8646 per share/warrant; pre-funded warrants exercisable at $0.00001, warrants at $1.15.
- Net proceeds for general corporate purposes and settlement of legacy obligations.
- Offering expected to close Feb 27, 2023; Stifel acted as exclusive placement agent.
- Warrants exercisable six months after closing, expire in five years; potential dilution from 11.566M additional shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781162/000114036123008329/0001140361-23-008329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781162/000114036123008329/ny20007666x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008329

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