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Momentus ( (MNTS) ) has issued an update.
Momentus Inc. has secured a $2.75 million private placement deal, issuing 5 million shares at $0.55 each, with the option for the investor to choose pre-funded warrants instead. Additionally, the company will provide two types of warrants for purchasing more shares in the future. The expected closing date is September 17, 2024, with the funds earmarked for corporate purposes, excluding specific stock redemptions and compliance violations. The agreement stipulates a registration statement for resale to be filed with the SEC, ensuring the investor’s ability to resell the securities.
Learn more about MNTS stock on TipRanks’ Stock Analysis page.
