Momentus ( (MNTS) ) has provided an update.
Momentus Inc., a space industry company, has been struggling with Nasdaq compliance issues due to its stock price falling below the $1.00 minimum bid price requirement and failing to file the required periodic financial reports. The company is facing delisting from Nasdaq after not meeting the conditions for an extended compliance period. Despite these challenges, Momentus plans to appeal the delisting and may consider a reverse stock split to regain compliance. Investors are cautioned that there is no guarantee the company will meet compliance requirements or prevent delisting.
Learn more about MNTS stock on TipRanks’ Stock Analysis page.
