VerifyMe (VRME) and Open World disclosed on Monday a letter of intent to complete a strategic merger. Upon closing, the combined company is expected to be a publicly traded company on Nasdaq and is expected to trade under a new ticker symbol.

Shares of VerifyMe soared 73% as intraday trading volume surged to over 158.3 million, up from a daily average of approximately 512,000.

Momentus (MNTS) reported Monday the development of an additive-manufactured fuel tank in collaboration with Velo3D.

The company stated that the fuel tank is scheduled to undergo flight testing aboard Momentus's Vigoride-7 Orbital Service Vehicle.

Shares of Momentus surged 51% as intraday trading volume climbed to over 53.8 million from a daily average of roughly 544,000.

Mobix Labs (MOBX) unveiled on Monday plans to move into a larger, military-approved facility designed to support increasing demand.

The move is intended to consolidate the company's West Coast operations under one roof, streamlining production and manufacturing while improving operational efficiency.

Shares jumped 30%, with intraday trading volume rising to over 161.1 million from a daily average of about 1.57 million.

Price: 1.23, Change: +0.56, Percent Change: +82.55