secwatch.observer — SEC 8-K summary
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Issuer:     Momentus Inc. (MNTS)
CIK:        0001781162
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0001781162-24-000026
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 3.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Momentus amends convertible notes, sets 1-for-14 reverse split to meet Nasdaq $1 bid
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- Borrowed full $3M under October note; accelerated $1M tranche to Dec 2; $670K reserved to pay July note interest/principal.
- SIV can now convert all outstanding amounts: July note at $0.5715, October note at $0.5292; ~1.9M warrants issued at $0.5292.
- Board approved 1-for-14 reverse split after shareholder vote Dec 2; effective date not set, board may abandon.
- Reverse split targets Nasdaq Minimum Bid Requirement; company has appealed delisting determination – no assurance of success.
- Pre-split shares: 30,559,398; post-split ~2,182,814; par value unchanged at $0.00001.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781162/000178116224000026/0001781162-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781162/000178116224000026/mnts-20241130.htm
  HTML page:      https://secwatch.observer/filing/0001781162-24-000026

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