Momentus Inc. Announces New Conversion Terms for Preferred Shares with Reduced Prices

Reuters

05-19

<a href="https://laohu8.com/S/MNTS">Momentus Inc.</a> Announces New Conversion Terms for Preferred Shares with Reduced Prices

Momentus Inc., a Delaware-based company, has announced a strategic adjustment regarding its convertible promissory notes with Space Infrastructures Ventures, LLC $(SIV.UK)$. The company's Board of Directors has authorized a reduction in the conversion price of its notes, offering SIV a new conversion rate of $1.77 per share for up to 112,576 shares under the July 2024 Note. Additionally, the conversion price for up to 275,000 shares under the October 2024 Note will be reduced during the period from May 19 to June 1, 2025. This decision follows a previous offer made on March 3, 2025, to lower the conversion price of the July 2024 Note to $2.12 per share. The current conversion price for the October 2024 Note stands at $7.4088 per share, marking a significant reduction aimed at optimizing financial strategies and shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Momentus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-019594), on May 19, 2025, and is solely responsible for the information contained therein.

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Announces New Conversion Terms for Preferred Shares with Reduced Prices","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MNTS\">Momentus Inc.</a> Announces New Conversion Terms for Preferred Shares with Reduced Prices\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Momentus Inc., a Delaware-based company, has announced a strategic adjustment regarding its convertible promissory notes with Space Infrastructures Ventures, LLC <a href=\"https://laohu8.com/S/SIV.UK\">$(SIV.UK)$</a>. The company's Board of Directors has authorized a reduction in the conversion price of its notes, offering SIV a new conversion rate of $1.77 per share for up to 112,576 shares under the July 2024 Note. Additionally, the conversion price for up to 275,000 shares under the October 2024 Note will be reduced during the period from May 19 to June 1, 2025. This decision follows a previous offer made on March 3, 2025, to lower the conversion price of the July 2024 Note to $2.12 per share. The current conversion price for the October 2024 Note stands at $7.4088 per share, marking a significant reduction aimed at optimizing financial strategies and shareholder value.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Announces New Conversion Terms for Preferred Shares with Reduced Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-19 18:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MNTS\">Momentus Inc.</a> Announces New Conversion Terms for Preferred Shares with Reduced Prices\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Momentus Inc., a Delaware-based company, has announced a strategic adjustment regarding its convertible promissory notes with Space Infrastructures Ventures, LLC <a href=\"https://laohu8.com/S/SIV.UK\">$(SIV.UK)$</a>. The company's Board of Directors has authorized a reduction in the conversion price of its notes, offering SIV a new conversion rate of $1.77 per share for up to 112,576 shares under the July 2024 Note. Additionally, the conversion price for up to 275,000 shares under the October 2024 Note will be reduced during the period from May 19 to June 1, 2025. This decision follows a previous offer made on March 3, 2025, to lower the conversion price of the July 2024 Note to $2.12 per share. The current conversion price for the October 2024 Note stands at $7.4088 per share, marking a significant reduction aimed at optimizing financial strategies and shareholder value.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Momentus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-019594), on May 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNTS","symbol_name":"Momentus Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nNDL2qFZsm:1","article_id":"2536005175","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536005175","pubTimestamp":1747648949,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Momentus Inc., a Delaware-based company, has announced a strategic adjustment regarding its convertible promissory notes with Space Infrastructures Ventures, LLC . 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Announces New Conversion Terms for Preferred Shares with Reduced Prices\n    \n\n        Momentus Inc., a Delaware-based company, has announced a strategic adjustment regarding its convertible promissory notes with Space Infrastructures Ventures, LLC $(SIV.UK)$. The company's Board of Directors has authorized a reduction in the conversion price of its notes, offering SIV a new conversion rate of $1.77 per share for up to 112,576 shares under the July 2024 Note. Additionally, the conversion price for up to 275,000 shares under the October 2024 Note will be reduced during the period from May 19 to June 1, 2025. This decision follows a previous offer made on March 3, 2025, to lower the conversion price of the July 2024 Note to $2.12 per share. 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