secwatch.observer — SEC 8-K summary
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Issuer:     Momentus Inc. (MNTS)
CIK:        0001781162
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001140361-24-044359
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781162/000114036124044359/0001140361-24-044359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781162/000114036124044359/ef20037768_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-044359

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer