Momentus Announces Proposed Settlement of Stockholder Derivative Action
Momentus Inc. (NASDAQ: MNTS) has announced a proposed settlement for a stockholder derivative action. The U.S. District Court for the Northern District of California has issued a preliminary order approving the settlement and providing notice to stockholders. The settlement involves multiple cases, including Hanna v. Kabot, et al. and others.
The proposed settlement requires Momentus to adopt corporate governance reforms and pay lead plaintiffs' attorney's fees, expenses, and service awards. A final approval hearing is scheduled for November 21, 2024. The company has posted relevant materials, including the Stipulation of Settlement and notices, on its investor relations website.
Momentus is a U.S. commercial space company offering satellite buses, transportation, and in-space infrastructure services.
Momentus Inc. (NASDAQ: MNTS) ha annunciato un accordo proposto per un'azione derivate da azionisti. Il Tribunale Distrettuale degli Stati Uniti per il Distretto Settentrionale della California ha emesso un'ordinanza preliminare che approva l'accordo e fornisce notifica agli azionisti. L'accordo riguarda pi霉 casi, inclusi Hanna v. Kabot, et al. e altri.
L'accordo proposto richiede a Momentus di adottare riforme di governance aziendale e di pagare le spese legali, le spese e i premi di servizio degli attori principali. Un'udienza per l'approvazione finale 猫 programmata per il 21 novembre 2024. L'azienda ha pubblicato materiali rilevanti, inclusi il Contratto di Transazione e le notifiche, sul suo sito web per le relazioni con gli investitori.
Momentus 猫 un'azienda statunitense di spazio commerciale che offre autobus per satelliti, trasporti e servizi di infrastruttura nello spazio.
Momentus Inc. (NASDAQ: MNTS) ha anunciado un acuerdo propuesto para una acci贸n derivada de accionistas. El Tribunal de Distrito de EE. UU. para el Distrito Norte de California ha emitido una orden preliminar aprobando el acuerdo y notificando a los accionistas. El acuerdo involucra varios casos, incluido Hanna v. Kabot, et al. y otros.
El acuerdo propuesto requiere que Momentus adopte reformas de gobernanza corporativa y pague los honorarios de los abogados de los demandantes principales, los gastos y los premios por servicio. Se ha programado una audiencia de aprobaci贸n final para el 21 de noviembre de 2024. La compa帽铆a ha publicado materiales relevantes, incluyendo la Estipulaci贸n de Acuerdo y notificaciones, en su sitio web de relaciones con inversores.
Momentus es una empresa espacial comercial estadounidense que ofrece autobuses satelitales, transporte y servicios de infraestructura en el espacio.
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Momentus Inc. (NASDAQ: MNTS) a annonc茅 un r猫glement propos茅 concernant une action d茅riv茅e d'actionnaires. Le tribunal de district des 脡tats-Unis pour le district nord de Californie a 茅mis une ordonnance pr茅liminaire approuvant le r猫glement et fournissant une notification aux actionnaires. Le r猫glement concerne plusieurs affaires, y compris Hanna v. Kabot, et al. et d'autres.
Le r猫glement propos茅 exige que Momentus adopte des r茅formes de gouvernance d'entreprise et paie les frais d'avocat, les d茅penses et les r茅compenses de service des plaignants principaux. Une audience pour l'approbation finale est pr茅vue pour le 21 novembre 2024. L'entreprise a publi茅 des documents pertinents, y compris la stipulation de r猫glement et des avis, sur son site web de relations avec les investisseurs.
Momentus est une entreprise spatiale commerciale am茅ricaine qui propose des bus pour satellites, des services de transport et d'infrastructure dans l'espace.
Momentus Inc. (NASDAQ: MNTS) hat eine vorgeschlagene Einigung f眉r eine Aktion盲rsderivatklage bekannt gegeben. Das US-Bezirksgericht f眉r den n枚rdlichen Bezirk Kalifornien hat eine vorl盲ufige Anordnung erlassen, die die Einigung genehmigt und den Aktion盲ren eine Mitteilung zukommen l盲sst. Die Einigung betrifft mehrere F盲lle, einschlie脽lich Hanna v. Kabot, et al. und weitere.
Die vorgeschlagene Einigung erfordert von Momentus, Unternehmensf眉hrungsreformen einzuf眉hren und die Anwaltsgeb眉hren, Auslagen und Dienstverg眉tungen der Hauptkl盲ger zu zahlen. Eine endg眉ltige Genehmigungsanh枚rung ist f眉r den 21. November 2024 angesetzt. Das Unternehmen hat relevante Materialien, einschlie脽lich der Einigungsvereinbarung und Mitteilungen, auf seiner Website f眉r Investorenbeziehungen ver枚ffentlicht.
Momentus ist ein US-amerikanisches Unternehmen im Bereich kommerzielle Raumfahrt, das Satellitenbusse, Transport und Infrastrukturdienste im Weltraum anbietet.
- Potential resolution of multiple legal disputes through a proposed settlement
- Implementation of corporate governance reforms as part of the settlement
- Financial impact of paying lead plaintiffs' attorney's fees, litigation expenses, and service awards
- Ongoing legal proceedings until final approval in November 2024
The order set a final approval hearing for Thursday, November 21, 2024, at 9:00 a.m. As required by the order, the following materials have been posted to the Investor Relations section of the Company鈥檚 website (): the meeting information for the final approval hearing, the Stipulation of Settlement, a Summary Notice of Pendency Proposed Settlement of Derivative Matters, and a Notice of Pendency and Proposed Settlement of Derivative Matters.
About Momentus Inc.
Momentus is a
Forward-Looking Statements
This press release contains certain statements which 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 filing of the Company鈥檚 Form 10-K and Form 10-Q and 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 amended by that certain Annual Report on Form 10-K/A filed by the Company on September 16, 2024, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission鈥檚 website at and the Investor Relations section of our website at investors.momentus.space. 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.
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Investors: investors@momentus.space
Media: press@momentus.space
Source: Momentus Inc.
FAQ
What is the proposed settlement for Momentus (MNTS) stockholder derivative action?
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