Momentus announces $5M offering priced at-the-market

Momentus (MNTS) announced the pricing of its “reasonable best efforts” offering with a single institutional investor for the purchase and sale of 1,273,886 shares of its common stock and warrants to purchase up to 1,273,886 shares of common stock at a combined purchase price of $3.925. The warrants will have an exercise price of $3.80 per share, will be immediately exercisable and will expire 5 years from the initial exercise date. The closing of the Offering is expected to occur on or about February 11, 2025, subject to the satisfaction of customary closing conditions. The gross proceeds from the Offering are expected to be approximately $5M, before deducting placement agent fees and other estimated offering expenses. The company intends to use the net proceeds from the Offering for advancement for general corporate purposes. A.G.P./Alliance Global Partners is acting as sole placement agent for the Offering.