Momentus closes $5M offering of 800K shares and warrants; proceeds for debt repayment

Momentus Inc.

Gross proceeds of $5M from offering of 800K shares/pre-funded warrants and 800K warrants at $6.20/unit.
Warrants exercisable at $6.08 per share, immediate, 5-year term; placement agent gets 7% fee and 40K warrants at $6.82.
90-day lockup on insiders, 30-day company lockup, 6-month ban on variable rate transactions.
Proceeds for general corporate purposes including debt repayment; closing on Dec 18, 2024.

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