secwatch.observer — SEC 8-K summary
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Issuer:     Momentus Inc. (MNTS)
CIK:        0001781162
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001140361-24-049586
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781162/000114036124049586/0001140361-24-049586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781162/000114036124049586/ny20039820x3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-049586

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