Momentus cuts conversion price on $1.6M note from $19.92 to $5.28, enabling near-term dilution of up to 81,555 shares

Momentus Inc.

Conversion price reduced from $19.9206 to $5.28 per share for up to 81,555 shares of Class A common stock.
Reduction applies from Feb 20, 2026 to Mar 25, 2026 (or until all shares issued), unless extended.
September 2025 Note with Yield Point NY LLC had ~$1.6M principal outstanding as of Feb 20, 2026.
Lower conversion price significantly increases potential dilution for existing shareholders.

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