Momentus Inc. has entered into a significant financial agreement with J.J. Astor & Co. on May 30, 2025, securing a loan of up to $1.5 million. This loan will be disbursed in two equal tranches of $750,000, with each tranche repayable in 40 weekly installments of $25,312.50. Momentus has the option to fulfill these payments using cash or shares of Class A common stock, though at least 10% must be paid in cash. Additionally, the lender has the choice to receive installments in stock. The loan, intended for general working capital purposes, is secured by a lien on most of Momentus's assets. The agreement also includes provisions for the issuance of warrants to purchase up to 476,470 shares of common stock, with a conversion price of $1.70 per share. The agreement outlines conditions under which the loan could accelerate, such as default events or significant corporate changes.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。