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Momentus Inc. (NASDAQ:MNTS) ("Momentus" or the "Company"), a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced its entry into a warrant inducement agreement with an existing institutional investor of the Company for the immediate exercise of (i) the March 2025 warrants to purchase up to 2,142,858 shares of common stock, and (ii) the July 2025 warrants to purchase up to 2,836,880 shares of common stock, for a total of 4,979,738 warrants (together, the "Existing Warrants"). The March 2025 Existing Warrants will be exercised at a reduced exercise price of $1.43 and the July 2025 Existing Warrants will be exercised at the current exercise price of $1.41 for total gross cash proceeds of approximately $7.0 million, before deducting financial advisor fees and other transaction expenses. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.
In consideration for the immediate exercise in full of the Existing Warrants, the investor will receive in a private placement new October 2025 Class A unregistered warrants to purchase up to 7,469,607 shares of common stock (the "New Warrants"). The New Warrants will have an exercise price of $1.43 and will be initially exercisable on the date that stockholder approval of the exercise of the New Warrants is obtained. The New Warrants will expire five years from the date of such approval. The closing of the warrant inducement transaction is expected to occur on or about October 15, 2025, subject to satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners acted as the exclusive financial advisor in connection with the transaction.
Posted In: MNTS
