Momentus Grants Inducement Awards to 20 New Employees
23 Maio 2022 - 5:16PM
Business Wire
Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a
U.S. commercial space company that plans to offer transportation
and other in-space infrastructure services, today announced the
granting of inducement awards to 20 new employees. In accordance
with NASDAQ Listing Rule 5635(c)(4), the awards were approved by
Momentus’ Compensation Committee and made as a material inducement
to each employee's entry into employment with the Company.
In connection with the commencement of their employment, the
employees received an aggregate of 1,129,064 restricted stock units
(RSUs) on May 20, 2022, with a total value of approximately $3.3
million based on a price of $2.90 per share, the closing trading
price on the Nasdaq Global Select Market on the date of grant.
The RSUs have either a three-year quarterly vesting schedule or
a four-year annual vesting schedule, subject to the relevant
employee's continued service with Momentus on the applicable
vesting date.
About Momentus Inc.
Momentus is a U.S. commercial space company that plans to offer
in-space infrastructure services, including in-space
transportation, hosted payloads and in-orbit services. Momentus
believes it can make new ways of operating in space possible with
its planned in-space transfer and service vehicles that will be
powered by an innovative water plasma-based propulsion system that
is under development. The Company anticipates flying its first
Vigoride vehicle to Low Earth Orbit on a third-party launch
provider as early as May 2022.
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 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. The
words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,”
“could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,”
“plan,” “possible,” “potential,” “aim,” “strive,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions.
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: the
ability of the Company to obtain licenses and government approvals
for its missions, which are essential to its operations; the
ability of the Company to effectively market and sell satellite
transport services and planned in-orbit services; the ability of
the Company to protect its intellectual property and trade secrets;
the development of markets for satellite transport and in-orbit
services; the ability of the Company to develop, test and validate
its technology, including its water plasma propulsion technology;
delays or impediments that the Company may face in the development,
manufacture and deployment of next generation satellite transport
systems; the ability of the Company to convert backlog or inbound
inquiries into revenue; changes in applicable laws or regulations
and extensive and evolving government regulations that impact
operations and business, including export control license
requirements; the ability to attract or maintain a qualified
workforce with the required security clearances and requisite
skills; level of product service or product or launch failures or
delays that could lead customers to use competitors’ services;
investigations, claims, disputes, enforcement actions, litigation
and/or other regulatory or legal proceedings; the effects of the
COVID-19 pandemic on the Company’s business; the Company’s ability
to comply with the terms of its National Security Agreement and any
related compliance measures instituted by the director who was
approved by the CFIUS Monitoring Agencies (the “Security
Director”); the possibility that the Company may be adversely
affected by other economic, business, and/or competitive factors;
and/or other risks and uncertainties included under the “Risk
Factors” in the Annual Report on Form 10-K filed by the Company on
March 9, 2022, 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. These filings identify and address other
important risks and uncertainties that could cause the Company’s
actual events and results to differ materially from those contained
in the forward-looking statements. 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/20220523005757/en/
For media inquiries: Jessica Pieczonka at
press@momentus.space
For investor relations inquiries: Darryl Genovesi at
investors@momentus.space
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