secwatch.observer — SEC 8-K summary
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Issuer:     Momentus Inc. (MNTS)
CIK:        0001781162
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001140361-23-013745
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Momentus receives Nasdaq deficiency notice for bid price; Vigoride-5 maneuvering with water propulsion
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- Nasdaq notified Momentus that closing bid price of Class A common stock was below $1 for 30 consecutive days; 180-day cure period ends Sept 18, 2023.
- Vigoride-5 spacecraft's Attitude and Reaction Control Systems commissioned and functional using water propellant; MET thruster testing to begin.
- Board amended 2022 Inducement Plan to increase shares available from 4M to 7M for new-hire awards under Nasdaq Rule 5635(c)(4).
- If non-compliance persists, Momentus may be eligible for additional 180-day cure period or face delisting and potential OTC trading.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781162/000114036123013745/0001140361-23-013745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781162/000114036123013745/brhc10050245_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-013745

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