Momentus Inc. (MNTS): Nasdaq/NYSE listing notice — Momentus receives Nasdaq deficiency notice for stockholders' equity below $10M

Momentus Inc.

Received Nasdaq notice on Nov 21, 2023 for failing minimum stockholders' equity of $10M.
Must submit compliance plan by Jan 5, 2024; if accepted, extension up to 180 days.
If delisted, expects to trade on OTC Markets; no immediate impact on listing.
Company intends to submit compliance plan to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Momentus Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A), 5450(b)(2), 5450(b)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A), 5450(b)(2), 5450(b)(3)

Exact text from the filing

November 21, 2023, Momentus Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000 (the “Stockholders’ Equity Requirement”). The Staff further indicated that, as of the date of the Notice, the Company did not comply with certain requirements under the alte

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Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-055076

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