Momentus Inc. (MNTS): debt financing — Momentus amends loan terms, issues additional convertible note and reduces A.G.P. note

Momentus Inc.

Loan amended: second $750K tranche conditions include closing price ≥$1.25, market cap ≥$6.7M, daily volume ≥50K shares.
Company issues $1,012,500 junior secured convertible note and warrant for 476,470 shares of common stock.
Conversion price on convertibles set at lesser of $1.70 and prior closing price; cash make-whole provision added.
A.G.P. convertible note reduced to $500K from $1.2M, conversion at $1.67 per share, with 180-day lock-up.
Company must call shareholder meeting within 90 days of note issuance to approve loan amendments.

item 1.01 item 1.02 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 0.8

Momentus Inc. amended convertible notes of up to $1.5 million with J.J. Astor & Co..

Instrument: convertible notes
Principal: up to $1.5 million
Counterparty: J.J. Astor & Co.
Event: amendment

Exact text from the filing

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”). On June 17, 2025, the Company and the Lender entered into an Amendment (the “Amendment”) to the Loan Agreement,

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.8

Momentus Inc. amended convertible notes with J.J. Astor & Co..

Instrument: convertible notes
Counterparty: J.J. Astor & Co.
Event: amendment

Exact text from the filing

The Amendment also revised the conversion price on both of the convertible notes issued in connection with funding of each tranche of the Loan

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

Momentus Inc. incurred convertible notes of $1,012,500 with J.J. Astor & Co..

Instrument: convertible notes
Principal: $1,012,500
Counterparty: J.J. Astor & Co.
Event: incurrence

Exact text from the filing

junior secured convertible note having an original principal amount of $1,012,500 (the “Additional Convertible Note”)

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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 0001140361-25-023204

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