other_material
confidence high
sentiment neutral
materiality 0.65
Momentus shareholders approve reverse stock split and warrant exercises at special meeting
Momentus Inc.
- Reverse stock split ratio 1:5 to 1:17.85 approved; 2,986,283 for, 727,980 against.
- Warrant Exercise Proposal approved (888,109 for, 187,489 against, 2,646,569 broker non-votes).
- Inducement, convertible notes, lender warrant, and debt settlement proposals all approved with ~626k for each.
- Adjournment Proposal also approved (3,234,305 for) but not needed given sufficient votes.
- All seven proposals passed; Board authorized to implement reverse split and issue shares for debt settlement.
item 5.07