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.

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