debt
confidence high
sentiment negative
materiality 0.70
Momentus reduces conversion price on $1.4M convertible note to $2.12/share
Momentus Inc.
- Conversion price on July 2024 note reduced from $7.40712 to $2.12 per share.
- Outstanding principal balance approximately $1.4 million as of March 3, 2025.
- Reduction effective from March 3, 2025 until note obligations are satisfied.
- Note was issued to Space Infrastructures Ventures, LLC.