Momentus closes warrant inducement transaction, raises $6.5M in gross proceeds

Momentus Inc.

Existing warrant holder exercised warrants for ~2.9M shares at $2.00/share plus $0.25/share consideration, yielding ~$6.5M gross proceeds.
In exchange, investor received new warrants to purchase up to ~5.8M shares at $3.862/share, expiring November 9, 2028.
A.G.P./Alliance Global Partners acted as exclusive financial advisor.
Warrants offered under effective shelf registration statement on Form S-3.

item 1.01 item 7.01 item 9.01

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 Inducement Agreement with a certain institutional investor (effective 2023-11-06).

Action: entry
Agreement: equity purchase
Counterparty: a certain institutional investor
Effective: 2023-11-06

Exact text from the filing

the Company entered into a certain warrant inducement agreement, dated November 6, 2023 (the “Inducement Agreement”), with a certain institutional investor (the “Purchaser”).

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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 0001140361-23-052530

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