Momentus reduces note conversion price to $1.77, increasing dilution risk

Momentus Inc.

Board authorized reduced conversion price of $1.77/share for 112,576 shares under July 2024 Note.
Similarly, up to 275,000 shares under October 2024 Note may convert at $1.77 through June 1, 2025.
Current conversion price on October 2024 Note was $7.4088; prior March 2025 reduction was to $2.12.
Shares issued will dilute existing Class A common stock (MNTS) and warrant (MNTSW) holders.

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