Momentus Announces Closing of Warrant Inducement Transaction for $6.5 Million in Gross Proceeds
09 Novembro 2023 - 7:53PM
Business Wire
Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a
U.S. commercial space company that offers satellite buses,
transportation, and other in‑space 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 consideration per share, resulting in
gross proceeds of approximately $6.5 million, before deducting
offering fees and other expenses payable by the Company.
A.G.P./Alliance Global Partners acted as the exclusive financial
advisor in connection with the transaction.
In consideration for the exercise of the Existing Warrants for
cash, including the additional $0.25 consideration per share, for
each share received upon exercise of the Existing Warrants, the
investor received new warrants (the “New Warrants”) to purchase up
to an aggregate of 5,808,538 shares of common stock. The New
Warrants are immediately exercisable upon issuance at an exercise
price of $3.862 per common share and will expire on November 9,
2028.
The New Warrants described above were offered pursuant to an
effective shelf registration statement on Form S-3 (File No
333-267230) previously filed with the U.S. Securities and Exchange
Commission (the “SEC”). A prospectus supplement describing the
terms of the proposed offering has been filed with the SEC and is
available on the SEC’s website located at http://www.sec.gov.
Electronic copies of the prospectus supplement may be obtained,
when available, from A.G.P./Alliance Global Partners, 590 Madison
Avenue, 28th Floor, New York, NY 10022, or by telephone at (212)
624-2060, or by email at prospectus@allianceg.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Momentus
Momentus is a U.S. commercial space company that offers
commercial satellite buses and in-space infrastructure services
including in-space transportation, hosted payloads, and other
in-orbit services.
Forward-Looking Statements
This press release contains certain statements which may
constitute “forward-looking statements” for purposes of the federal
securities laws. Forward-looking statements include, but are not
limited to, statements regarding the expected closing of the
offering and fulfillment of customary closing conditions, Momentus
or its management team’s 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’ 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 “Risk Factors”
in the Annual Report on Form 10-K filed by the Company on March 8,
2023, as such factors may be updated from time to time in our other
filings with the Securities and Exchange Commission (the “SEC”),
accessible on the SEC’s website at www.sec.gov 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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version on businesswire.com: https://www.businesswire.com/news/home/20231109708451/en/
Momentus Contacts Investors:
investors@momentus.space
Media: press@momentus.space
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