Momentus enters $3M secured convertible note with SIV at 15% interest, warrants attached

Momentus Inc.

Borrows up to $3M in two tranches: $2M immediately, $1M available through Feb 14, 2025.
Note bears 15% annual interest, matures Oct 24, 2025; secured by substantially all assets.
Conversion price $0.5292/share; SIV issued warrants to buy up to 5,668,934 shares at same price.
Unrelated investor granted warrants for 5,000,000 shares at $0.575 per share.
Proceeds used solely for day-to-day working capital and general corporate purposes.

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