Momentus announces 1-for-14 reverse stock split to regain Nasdaq compliance; effective Dec 12, 2024

Momentus Inc.

1-for-14 reverse stock split effective 5:00 p.m. ET Dec 12, 2024; trading on split-adjusted basis Dec 13.
Outstanding shares reduced from ~31M to ~2M; fractional shares rounded up to whole share.
Purpose: to satisfy Nasdaq $1.00 minimum bid price requirement; company is appealing prior delisting notice.
No change to total authorized shares or par value; CUSIP becomes 60879E309.
Proportional adjustments to warrants (MNTSW) and equity awards; exchange ratio 14:1.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Momentus Inc.: Reverse stock split at a ratio of 1-for-14 effective December 12, 2024, via a certificate of amendment to the certificate of incorporation (effective 2024-12-12).

Change: charter amendment
Effective: 2024-12-12

Exact text from the filing

The Company will effect the Reverse Stock Split pursuant to the Company’s filing of a certificate of amendment to the Company’s certificate of incorporation (the “Certificate”) with the Delaware Secretary of State effective 5:00 p.m. eastern time, on December 12, 2024, in accordance with Delaware law.

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13 governance changes filed in the last 30 days. Browse all governance changes →

Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-048829

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