other material
confidence high
sentiment neutral
materiality 0.65
Momentus raises ~$3.74M via warrant exercise, issues new inducement warrants
Momentus Inc.
- Gross proceeds of ~$3.74M from exercise of 4,862,058 existing warrants at $0.77/share.
- Issues inducement warrants to purchase up to 7,293,087 shares (150%) at $0.77/share, exercisable after stockholder approval.
- Exercise price of additional 7,469,607 existing warrants reduced from $1.43 to $0.77, subject to stockholder approval.
- A.G.P. received ~$262,060 fee plus up to $35,000 in legal expenses as financial advisor.
- Net proceeds to be used for general corporate purposes.