other material
confidence high
sentiment neutral
materiality 0.60
Momentus closes $5M at-the-market offering of common stock and warrants
Momentus Inc.
- Priced at $3.925 per unit: 1,273,886 shares (or pre-funded warrants) and 1,273,886 common warrants.
- Gross proceeds of ~$5M before fees; warrants exercisable at $3.80, expiring 5 years from issuance.
- Existing warrants for 2,228,572 shares amended to $3.80 exercise price, contingent on stockholder approval.
- Placement agent A.G.P. receives 7% fee and 63,694 additional warrants exercisable at $4.3175.
- Offering closed Feb 11, 2025; proceeds for general corporate purposes; 90-day lock-up for insiders.