Momentus (MNTS) Closes Warrant Inducement for $6.5M in Proceeds
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Momentus Announces Closing of Warrant Inducement Transaction for $6.5 Million in Gross Proceeds
November 9, 2023 5:53 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) (Momentus or the Company), a U.S. commercial space company that offers satellite buses, transportation, and other inspace infrastructure services, announced today that it has closed its previously announced agreement with a single investor that is an existing holder of warrants to purchase shares of common stock of the Company for cash (the Existing Warrants), wherein the investor agreed to exercise the Existing Warrants to purchase up to a maximum of 2,904,269 shares of common stock at an exercise price of $2.00 per share, plus an additional $0.25... More
