secwatch.observer — SEC 8-K summary
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Issuer:     Momentus Inc. (MNTS)
CIK:        0001781162
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0001140361-25-013659
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Momentus signs 5-yr 3D printing deal with Velo3D; issues 477k common, 673k preferred
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- Momentus issued 477,455 common shares and 673,408 Series A Convertible Preferred (each convertible into 10 common) to Velo3D for additive manufacturing services.
- Velo3D will provide capacity equivalent to two Sapphire XC 3D metal printers for five years; Momentus has first priority on capacity use.
- If Velo3D uses unused capacity for other customers, Momentus receives compensation: 20% of $3M less fees in year one, 50% of $3M less fees in subsequent years.
- Momentus plans to use 3D-printed components in its satellites and sell components to space industry customers for new revenue streams.
- Preferred stock has conversion price of $2.08, stated value $20.80, with ownership limitations preventing VLD from holding over 9.99% of common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781162/000114036125013659/0001140361-25-013659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781162/000114036125013659/ef20047372_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-013659

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer