Momentus raises $4.0M in registered direct offering priced at $2.00/share

Momentus Inc.

Issued 2,000,000 shares (or equivalents) plus 2,000,000 warrants at $2.00 exercise price, expiring Oct 2028.
Existing warrants to purchase 1,577,217 shares amended to $2.00 exercise price and Oct 4, 2028 expiry.
Gross proceeds approximately $4.0M before expenses; net proceeds for general corporate purposes.
Offering expected to close Oct 4, 2023; A.G.P./Alliance Global Partners as sole placement agent.
Priced at-the-market under Nasdaq rules; uses effective shelf registration statement on Form S-3.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Momentus Inc. entered into Securities Purchase Agreement with an investor valued at aggregate gross proceeds from the Offering of approximately $4.0 million (effective 2023-10-02).

Action: entry
Agreement: equity purchase
Counterparty: an investor
Value: aggregate gross proceeds from the Offering of approximately $4.0 million
Effective: 2023-10-02

Exact text from the filing

On October 2, 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”) (i) an aggregate of 290,000 shares of the Company’s Class A common stock, par value $0.00001 per share (the “Class A Stock”), at a purchase price of $2.00 per share, (ii) in lieu of Class A Stock, at the election of the Investor, pre-funded warrants (the “Pre-Funded Warrants”) to purchase 1,710,000 shares of Class A Stock, at a purchase price of $2.00 per Pre-Funded Warrant less the exercise price per Pre-Funded Warrant, and (iii) warrants to purchase 2,000,000 shares of Class A Stock (the “Warrants”).

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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 0001140361-23-046715

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