Momentus raises $5.0M in registered direct offering of stock and warrants

Momentus Inc.

Gross proceeds of $5.0M from sale of 672,948 shares (or equivalents) at $7.43/share.
Series A warrants to buy 672,948 shares at $7.18, expiring Sept 2028; Series B same terms, expiring Sept 2024.
Existing warrants for 231,321 shares amended: exercise price reduced from $57.50 to $7.18, extend expiry to Sept 2028.
Offering expected to close Sept 11, 2023; A.G.P./Alliance Global Partners sole placement agent.
Use of proceeds: general corporate purposes, including debt repayment and working capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Momentus Inc. entered into Securities Purchase Agreement with an investor valued at approximately $5.0 million (effective 2023-09-07).

Action: entry
Agreement: equity purchase
Counterparty: an investor
Value: approximately $5.0 million
Effective: 2023-09-07

Exact text from the filing

On September 7, 2023, Momentus Inc., a Delaware corporation (“Momentus” or the “Company”), entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with an investor (the “Investor”) for the purchase and sale to the Investor in a registered offering (the “Offering”)

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37 material agreements filed in the last 30 days. Browse all material agreements →

Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-043070

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