Momentus Inc. Raises $7 Million Through Warrant Inducement Private Placement with Institutional Investor
Reuters
Yesterday
<a href="https://laohu8.com/S/MNTS">Momentus Inc.</a> Raises $7 Million Through Warrant Inducement Private Placement with Institutional Investor
Momentus Inc. has announced a warrant inducement transaction with an existing institutional investor, resulting in approximately $7.0 million in gross proceeds. The investor agreed to immediately exercise warrants to purchase a total of 4,979,738 shares of common stock at prices of $1.43 and $1.41 per share. In exchange, the investor will receive new October 2025 Class A unregistered warrants to purchase up to 7,469,607 shares of common stock at an exercise price of $1.43. The new warrants will become exercisable following stockholder approval and will expire five years after such approval. The company plans to use the net proceeds for working capital and general corporate purposes. A.G.P./Alliance Global Partners acted as the exclusive financial advisor for the transaction.
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