Momentus Inc. Secures $1.63 Million Convertible Loan and Warrants in Private Placement Agreement with Yield Point NY, LLC

Reuters
2025/09/30
<a href="https://laohu8.com/S/MNTS">Momentus Inc.</a> Secures $1.63 Million Convertible Loan and Warrants in Private Placement Agreement with Yield Point NY, LLC

**Momentus Inc. Announces $1.63 Million Convertible Note Financing** Momentus Inc. has entered into a new securities purchase agreement with Yield Point NY, LLC to raise approximately $1.63 million through a private placement. Under the terms of the agreement, Momentus will issue a junior secured convertible note with a principal amount of $1,630,435, maturing in twelve months and convertible into shares of the company's Class A common stock at a price of $1.116 per share. The note carries an original issue discount of 8% and, if not converted, will be amortized over the final six months before maturity. Additionally, the investor will receive warrants to purchase up to 1,460,964 shares of common stock at an exercise price of $1.40 per share. The financing is secured by certain personal property of the company. Momentus received approximately $1.5 million in gross proceeds from the offering. The company has agreed to hold a shareholder meeting within 60 days to approve the potential issuance of shares exceeding 19.9% of current outstanding shares, as required by Nasdaq rules.

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: 0001140361-25-036535), on September 29, 2025, and is solely responsible for the information contained therein.

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