Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Momentus Inc. terminated AIR Warrants with Yield Point NY, LLC valued at warrants to purchase up to an additional $4,000,000 in principal amount of additional Convertible No (effective 2026-04-17).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- Yield Point NY, LLC
- Value
- warrants to purchase up to an additional $4,000,000 in principal amount of additional Convertible No
- Effective
- 2026-04-17
Exact text from the filing
As previously disclosed, on September 25, 2025, Momentus Inc. (the "Company") sold to Yield Point NY, LLC (the "Investor") in a private placement (i) that certain Junior Secured Convertible Note having an aggregate principal amount of $1,630,435 (the "Convertible Note"), maturing twelve months after the issue date, with original issue discount of 8% and convertible into shares of Class A common stock of the Company, par value $0.00001 per share ("Common Stock"), originally having a conversion price of $19.9206 on a split-adjusted basis, which conversion price had subsequently adjusted to $3.927 as a result of the Company issuing shares of Common Stock at a lower price, and (ii) warrants to purchase up to an additional $4,000,000 in principal amount of additional Convertible Notes (the "AIR Warrants"). On April 17, 2026, the Company terminated the AIR Warrants as provided therein following the full conversion of all amounts outstanding under the Convertible Note into shares of Common St
View on SEC.gov