8-K
filed August 22, 2023, 7:59 PM ET
ticker MNTS
CIK 0001781162
other material
confidence high
sentiment neutral
materiality 0.70
Momentus effectuates 1-for-50 reverse stock split to regain Nasdaq compliance
Momentus Inc.
- Board approved 1-for-50 reverse split effective 11:59 p.m. ET Aug 23, 2023; shares reduce from ~98M to ~2M.
- Stockholders approved at Aug 22 special meeting with 35.7M for, 2.7M against, 654K abstain.
- Purpose to meet Nasdaq $1.00 minimum bid price requirement; compliance deadline Sept 18, 2023.
- Symbol MNTS unchanged; CUSIP changes to 60879E200; warrants (MNTSW) adjusted proportionately.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Momentus Inc.: Filed an amended and restated certificate of incorporation to effect a 1-for-50 reverse stock split of Common Stock (effective 2023-08-23).
- Change
- charter amendment
- Effective
- 2023-08-23
Exact text from the filing
The Company will effect the Reverse Stock Split pursuant to the Company’s filing of an amended and restated certificate of incorporation (the “Certificate”) with the Delaware Secretary of State effective 11:59 p.m. eastern time, on August 23, 2023, in accordance with Delaware Law.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Momentus Inc. shareholders approved Approve the postponement or adjournment of the special meeting if necessary to permit further solicitation and vote of proxies. at the 2023-08-22 meeting.
- Outcome
- passed
- Meeting
- 2023-08-22
Exact text from the filing
Approval of the Adjournment Proposal by the stockholders of the Company, voting as a single class: For Against Abstain 35,445,747 2,895,433 743,094
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Momentus Inc. shareholders approved Authorize the Board to amend the certificate of incorporation to effect a reverse stock split at a ratio between 1-for-30 and 1-for-50. at the 2023-08-22 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-08-22
Exact text from the filing
Approval of the Reverse Stock Split Proposal by the stockholders of the Company, voting as a single class: For Against Abstain 35,703,221 2,726,970 654,083
View on SEC.gov
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