debt
confidence high
sentiment neutral
materiality 0.55
Momentus amends convertible notes with SIV, extends maturity, issues warrants for 2M shares
Momentus Inc.
- Extended maturity of October 2024 note from Oct 2025 to Mar 2026; $1.0M due Dec 2025, remainder $1.7M plus interest at maturity.
- Extended July 2024 note maturity on remaining $300,196 principal to Dec 2025; conversion price set to lower of $1.11/sh or 10% discount to closing (floor $0.20).
- Issued warrants for 2,000,000 shares at $1.11; lowered exercise price on existing 463,223 warrants to $1.11.
- SIV agreed to use reasonable efforts to convert; daily trading volume limits of 15% (at $1.11 conversions) or 10% (at lower prices).
- Company must obtain Nasdaq stockholder approval by Nov 8, 2025; file resale registration statement within 30 days.
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