Momentus Inc. (MNTS): Nasdaq/NYSE listing notice — Momentus receives Nasdaq deficiency notice for bid price below $1.00

Momentus Inc.

Nasdaq notified Momentus (MNTS) on March 27, 2024, of non-compliance with minimum bid price rule.
Company has 180 calendar days, until September 23, 2024, to regain compliance.
If closing bid price closes at $1.00+ for 10 consecutive business days, Nasdaq will confirm compliance.
Failure to cure may lead to delisting; company may seek a second 180-day period or appeal to Nasdaq panel.
Momentus intends to monitor bid price and evaluate options, including a potential reverse stock split.

item 3.01

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 minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

March 27, 2024, Momentus Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Nasdaq Capital Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s Class A common stock, par value $0.00001 per share (the “Common Stock”), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). The Notice has no immediate impact on th

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Source: SEC EDGAR

accession 0001140361-24-016594

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