Momentus sells 4.624M shares at 86.5c per share in registered direct offering

Momentus announced that it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 4,624,280 shares of common stock at a purchase price of 86.5c per share and warrant pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in total gross proceeds of approximately $4M, before deducting placement agent commissions and other estimated offering expenses. The company further agreed to issue to the investors warrants to purchase up to an aggregate of 4,624,280 shares of common stock. The warrants will have an exercise price of 74c, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about March 7, subject to the satisfaction of customary closing conditions.