Momentus Inc. (MNTS): debt financing — Momentus signs $1.5M loan with J.J. Astor & Co., issues warrants at $1.70

Momentus Inc.

Loan up to $1.5M in two $750k tranches, 40 weekly payments of $25,312.50 each.
Payments can be in shares at $1.70/share, but at least 10% must be cash.
Lender gets warrants for 476,470 shares at $1.70 per share on each tranche funding.
Loan secured by substantially all assets; used for general working capital.
Registration rights agreement requires filing resale shelf for up to 200% of conversion/warrant shares.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Momentus Inc. incurred loan of up to $1.5 million with J.J. Astor & Co. maturing 40 weekly installments.

Instrument: loan
Principal: up to $1.5 million
Counterparty: J.J. Astor & Co.
Maturity: 40 weekly installments
Event: incurrence

Exact text from the filing

On May 30, 2025, Momentus Inc. (“Momentus” or the “Company”) entered into a Loan Agreement (the “Loan Agreement”) with J.J. Astor & Co. (the “Lender”) pursuant to which Momentus may borrow up to $1.5 million in two equal tranches of $750,000 (collectively, the “Loan”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-021550

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