MNTS News & Events

Momentus files to sell 1.4M shares of Class A common stock for holders

Momentus has entered into a securities purchase agreement with a new fundamental institutional investor for the purchase and sale of 1,333,334 shares of its common stock at a purchase price of $3.75 per share in a private placement priced at-the-market under Nasdaq rules. The gross proceeds from the offering are expected to be approximately $5M, before deducting placement agent fees and other estimated offering expenses.The closing of the offering is expected to occur on or about April 15, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.

Momentus announced the deployment and early commissioning of its Vigoride 7 Orbital Service Vehicle following launch aboard SpaceX's Transporter-16 mission. Vigoride 7 represents a significant operational milestone for the Company as it begins a series of in space operations designed to test, validate and showcase a suite of next-generation capabilities. Over the coming months, the spacecraft is expected to host and operate 10 government and commercial payloads, including demonstrations of autonomous rendezvous and proximity operations, in-space assembly technologies, and advanced satellite servicing functions - all key growth areas in the emerging on-orbit economy. Following separation from the SpaceX Falcon-9 Launch Vehicle as part of the Transporter-16 rideshare mission, at approximately 500 km altitude, Vigoride 7's 1.6-kilowatt solar arrays were successfully deployed and are providing power to the vehicle. Communications with Vigoride 7 have been successfully executed, including command uplink and telemetry downlink. All systems are stable and the vehicle will be monitored closely as commissioning commences for all the bus subsystems in preparation for supporting each of the 10 hosted payloads aboard Vigoride 7 over the next several months. This mission marks Momentus' fourth Vigoride deployment, reinforcing the Company's track record of consistent execution. Momentus' follow-on Vigoride 8 mission, planned to launch in 2027, is already fully allocated to a U.S. government customer.