Momentus Finalizes $5 Million Market-Priced Offering Under NASDAQ Rules

Los Angeles CA (SPX) Feb 12, 2025
Momentus Inc. (NASDAQ: MNTS), a U.S.-based commercial space company specializing in satellite buses, space transportation, and in-orbit infrastructure services, has announced the completion of a previously disclosed "reasonable best efforts" offering. This transaction involved a single institutional investor acquiring 1,273,886 shares of common stock (or equivalents) along with warrants to purchase an equivalent number of shares. The securities were priced at $3.925 per share and accompanying warrant, in accordance with NASDAQ's at-the-market pricing regulations.

The gross proceeds from this offering totaled approximately $5 million before accounting for placement agent fees and related expenses. The included warrants, which have an exercise price of $3.80 per share, are immediately exercisable and will remain valid for five years from the issuance date.

Momentus plans to allocate the net proceeds from this capital raise to support general corporate operations.

A.G.P./Alliance Global Partners served as the sole placement agent overseeing the offering.

The securities were offered through a registration statement on Form S-1, as amended (File No. 333-284393), which was previously filed with and approved by the Securities and Exchange Commission (SEC) on February 10, 2025. The offering was conducted exclusively through a prospectus forming part of the approved registration statement. Copies of the preliminary and final prospectuses can be accessed via the SEC's official website at http://www.sec.gov. Additionally, electronic copies of the final prospectus may be requested from A.G.P./Alliance Global Partners at 590 Madison Avenue, 28th Floor, New York, NY 10022, by phone at (212) 624-2060, or via email at [email protected].

This announcement does not constitute an offer to sell or solicit an offer to buy any of these securities in jurisdictions where such transactions would be deemed unlawful prior to registration or qualification under applicable securities laws.