Momentus Inc. has announced an amendment to its existing Loan Agreement with J.J. Astor & Co., allowing for revised conditions on the funding of a second tranche under the agreement. The amendment includes the issuance of a junior secured convertible note with a principal amount of $1,012,500 and a warrant to purchase up to 476,470 shares of Momentus' Class A common stock. Key conditions for the second tranche funding include maintaining a Nasdaq listing, a minimum closing trading price of $1.25 per share, and a market capitalization of at least $6.7 million. Additionally, the conversion price for notes issued under the loan will be adjusted to the lesser of $1.70 or the closing price prior to the issuance. The amendment also introduces a cash "make-whole" payment mechanism to ensure fair conversion value for the Lender.