Momentus receives Nasdaq delisting notice for failing equity/minimum market value rule

Momentus Inc.

Notice on Oct 17, 2024 for non-compliance with Listing Rule 5550(b): stockholders' equity below $2.5M as of June 30, 2024, or insufficient market value/net income.
Company previously received deficiency notices and has a pending appeal before a Nasdaq Hearing Panel.
Recently filed Q1 and Q2 2024 10-Qs, resolving two prior deficiencies; shares remain listed pending Panel decision.
If Panel does not accept compliance plan, common stock (MNTS) will be delisted from Nasdaq.

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