Momentus raises ~$4M in registered direct offering; reprices existing warrants

Momentus Inc.

Gross proceeds of approximately $4.0M from sale of 3.687M shares at $1.085/share plus warrants to buy 3.687M shares at $0.96.
Existing warrants (5.8M shares) repriced from $3.862 to $0.96 per share, subject to stockholder approval.
Net proceeds to be used for general corporate purposes, including vehicle development and R&D.
Closing expected on or about January 17, 2024; A.G.P./Alliance Global Partners acting as placement agent.

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 $4.0 million (effective 2024-01-12).

Action: entry
Agreement: equity purchase
Counterparty: an investor
Value: approximately $4.0 million
Effective: 2024-01-12

Exact text from the filing

On January 12, 2024, 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 direct 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 0001140361-24-002389

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