BRIEF-Stable Road Acquisition Corp - Entered Into Amended Or New Subscription Agreements With Certain Investors

Reuters

Jul 17, 2021

July 16 (Reuters) - Stable Road Acquisition Corp :

* STABLE ROAD ACQUISITION CORP - ENTERED INTO AMENDED OR NEW SUBSCRIPTION AGREEMENTS WITH CERTAIN INVESTORS

* STABLE ROAD ACQUISITION - AS PER SUBSCRIPTION AGREEMENTS PIPE INVESTORS AGREED TO PURCHASE 11 MILLION SHARES OF CO POST MOMENTUS DEAL CLOSE

* STABLE ROAD ACQUISITION - MOMENTUS, CO PROVIDED ALL PIPE INVESTORS OPTION TO TERMINATE SUBSCRIPTION AGREEMENTS WITHOUT ANY LIABILITY OR OBLIGATION

* STABLE ROAD ACQUISITION - IN TOTAL, PIPE INVESTORS REPRESENTING $118.0 MILLION OF ORIGINAL PIPE INVESTMENT TERMINATED SUBSCRIPTION AGREEMENTS

* STABLE ROAD ACQUISITION - AFFILIATES OF SRC-NI HOLDINGS, LLC, WHICH HAD COMMITTED $15.0 MILLION TO PIPE INVESTMENT, REAFFIRMED COMMITMENT

Source text for Eikon: [ Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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