Momentus exchanges $500K convertible note; conversion price lowered from $29.81 to $10

Momentus Inc.

On January 9, 2026, Momentus exchanged its June 2025 $500K convertible note for a new note with same principal but conversion price lowered to $10.00 per share.
Conversion price reflects adjustment for 1-for-17.85 reverse stock split effective December 17, 2025.
Note matures November 13, 2026, bears 4.5% interest, and is convertible into common stock at the holder's option.
Exchange done under Section 3(a)(9) exemption of the Securities Act, no registration required.

item 1.01 item 2.03 item 3.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Momentus Inc. entered into Exchange Note with A.G.P./Alliance Global Partners valued at $500,000 (effective 2026-01-09).

Action: entry
Agreement: notes offering
Counterparty: A.G.P./Alliance Global Partners
Value: $500,000
Effective: 2026-01-09

Exact text from the filing

On January 9, 2026, Momentus exchanged the Original Note for a new unsecured convertible promissory note to A.G.P. (the “Exchange Note”) on substantially the same terms as the Original Note, including with respect to an aggregate principal amount of $500,000, but with a conversion price of $10.00 per share of Common Stock.

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Source: SEC EDGAR

accession 0001140361-26-001016

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