Momentus raises ~$7M via warrant exercises, issues new inducement warrants

Momentus Inc.

Received ~$7M gross proceeds from cash exercise of March and July warrants (2.14M shares at $1.43; 2.84M shares at $1.41).
Issued new inducement warrants for 7.47M shares (150% of exercised shares) at $1.43 strike, exercisable after stockholder approval.
Proceeds used for general corporate purposes; A.G.P. acted as financial advisor for ~$494,500 fee plus expense reimbursement.
Inducement warrants have 5-year term and contain beneficial ownership limitation of 4.99% (or 9.99% at holder election).

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Momentus Inc. issued up to 7,469,607 shares of Common Stock of warrant to the Holder for aggregate gross proceeds of approximately $7 million.

Security: warrant
Shares: up to 7,469,607 shares of Common Stock
Purchaser: the Holder
Consideration: aggregate gross proceeds of approximately $7 million

Exact text from the filing

$2.00 per share and the July Warrants were immediately exercisable at an exercise price of $1.41 per share. The Company will receive aggregate gross proceeds of approximately $7 million from the exercise of the Existing Warrants before deducting financial advisory fees and other expenses payable by the Company. In consideration of the Holder’s agreement to

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Momentus Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-038203

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