MNTS News & Events

Latest data shows the largest indicative borrow rate increases among liquid option names include: Angion Biomedica Corp (ELTX) 50.76% +22.23, GraniteShares 2x Short SpaceX Daily ETF (SNK) 45.30% +6.45, Momentus (MNTS) 52.61% +3.70, Yellowstone Midco Holdings Ii, Llc (YSS) 101.99% +2.74, Tradr 2X Short SNDK Daily ETF (SNDQ) 34.11% +2.41, GRANITESHARES 2X LONG AMD DAILY ETF (AMDL) 5.38% +1.49, Tradr 2X Long LITE Daily ETF (LITX) 8.92% +0.71, ZenaTech Inc (ZENA) 11.95% +0.57, KULR Technology Group (KULR) 13.27% +0.39, and Lifevantage (LFVN) 123.39% +0.36.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Amplitech Group Inc (AMPG) 90.12% +3.72, Sleep Number (SNBR) 114.25% +2.32, Momentus (MNTS) 52.16% +1.96, Angion Biomedica Corp (ELTX) 26.32% +1.72, OPTU Stock (OPTU) 3.55% +0.72, Defiance 1.75x MSTR ETF (MSTX) 20.02% +0.71, Cardiff Oncology (CRDF) 50.29% +0.53, Sellas Life Sciences (SLS) 13.25% +0.46, Autobot Holdings (ARBE) 4.39% +0.43, and Alpha Tau Medical Ltd (DRTS) 9.02% +0.36.

Momentus announced that it has secured a new commercial contract with the University of Colorado Boulder's Laboratory for Atmospheric and Space Physics, LASP, to provide in-orbit services. LASP has selected Momentus to host and operate its Occultation Wave Limb Sounder, OWLS, mission on the Company's Vigoride-9 Orbital Service Vehicle, OSV. "We're proud to support the OWLS mission demonstrating the versatile capabilities of our advanced technology combined with the flexibility of the orbital hosting infrastructure of our latest OSV, Vigoride-9," said John Rood, Chief Executive Officer of Momentus. "We are encouraged by the increasing demand across a diverse set of commercial customers to support mission-critical orbital services, delivering reliable long-duration hosting and sustained operations. As our orbital services portfolio increases, we are optimistic about the durability of incremental revenue growth opportunities."

Momentus has entered into securities purchase agreements with new and existing long term institutional investors for the purchase and sale of 1,851,852 shares of its common stock in a registered direct offering priced at-the-market under Nasdaq rules. The gross proceeds from the Offering are expected to be approximately $25M, before deducting placement agent fees and other estimated Offering expenses. The closing of the Offering is expected to occur on or about June 15 subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as sole placement agent for the Offering.