Momentus borrows $2M via $2.7M note; warrants issued, default conversion at $5.92/share

Momentus Inc.

Loan of $2M from J.J. Astor & Co., evidenced by $2.7M principal note payable in 40 weekly installments of $67,500.
Prepayment: $2.4M if before Jan 13, 2025; $2.7M thereafter; note secured by substantially all assets.
Lender receives warrant for 28,572 shares at $5.92, plus default warrant for 285,715 shares at closing price upon default.
Upon default, note convertible at $5.92/share (before May 5, 2025) or 80% of lowest VWAPs (after).
Company must call shareholder meeting by March 13, 2025 for approval; reverse split completed Dec 12.

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