Momentus raises $6.5M from warrant exercise; issues 5.8M new inducement warrants

Momentus Inc.

Holder exercises 2,904,269 existing warrants at $2.00/share plus $0.25/share consideration; gross proceeds ~$6.5M.
Company issues inducement warrants to purchase up to 5,808,538 shares at $3.862/share, expiring Nov 9, 2028.
Net proceeds to be used for general corporate purposes and funding operations while pursuing strategic transaction.
A.G.P./Alliance Global Partners acts as financial advisor; aggregate fee of ~$457,000.

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 Warrant Inducement Agreement with holder of existing warrants valued at aggregate gross proceeds of approximately $6.5 million (effective 2023-11-06).

Action: entry
Agreement: equity purchase
Counterparty: holder of existing warrants
Value: aggregate gross proceeds of approximately $6.5 million
Effective: 2023-11-06

Exact text from the filing

On November 6, 2023, Momentus Inc. (the “Company”) entered into a warrant inducement agreement (the “Inducement Agreement”) with a holder (the “Holder”) of certain existing warrants (the “Existing Warrants”) to purchase shares of common stock, par value $0.00001 per share (the “Common Stock”), of the Company.

View on SEC.gov

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

Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-051736

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.