Momentus Inc. has entered into a warrant inducement agreement with an existing warrant holder, who agreed to exercise warrants to purchase a total of 4,979,738 shares of common stock. This includes 2,142,858 shares at an exercise price of $1.43 per share from warrants issued on March 21, 2025, and 2,836,880 shares from warrants issued on July 1, 2025. The company also agreed to issue inducement warrants for additional shares equal to 150% of those exercised, at an exercise price of $1.43 per share. Net proceeds will be used for general corporate purposes.
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: 0001140361-25-038203), on October 15, 2025, and is solely responsible for the information contained therein.