黑料网

Momentus Announces $5 Million Offering Priced At-The-Market Under NASDAQ Rules

SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) (鈥淢omentus鈥� or the 鈥淐ompany鈥�), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced the pricing of its 鈥渞easonable best efforts鈥� offering with a single institutional investor for the purchase and sale of 800,000 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 800,000 shares of common stock at a combined offering price of $6.20 per share and accompanying warrant, priced at-the-market under Nasdaq rules (the 鈥淥ffering鈥�). The Company expects to receive aggregate gross proceeds of approximately $5 million, before deducting placement agent fees and other Offering expenses, and assuming no exercise of the warrants. The warrants will have an exercise price of $6.08 per share, will be exercisable immediately and will expire five years from the issuance date.

The closing of the Offering is expected to occur on or about December 18, 2024, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the Offering for general corporate purposes, including repayment of debt.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.

The securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333- 283539) previously filed with the Securities and Exchange Commission (鈥淪EC鈥�) which was declared effective on December 17, 2024. This Offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the preliminary prospectus and, when available, copies of the final prospectus, relating to the Offering may be obtained on the SEC鈥檚 website located at . Electronic copies of the final prospectus relating to the Offering may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Momentus

Momentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services.

Forward-Looking Statements

This press release contains certain statements that may constitute 鈥渇orward-looking statements鈥� for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected closing of the Offering, the intended use of proceeds and fulfillment of customary closing conditions. Momentus or its management team鈥檚 expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus鈥� control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading 鈥淩isk Factors鈥� in the Annual Report on Form 10-K filed by the Company on June 6, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the 鈥淪EC鈥�), accessible on the SEC鈥檚 website at and the Investor Relations section of our website at . Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com:

Investors: investors@momentus.space

Media: press@momentus.space

Source: Momentus Inc.