Articles from Momentus Inc.
Momentus Announces Departure of Paul Ney to Join Trump Administration
Momentus Inc. (NASDAQMNTS), a U.S. commercial space company offering satellite buses, technologies, transportation, and other in-space transportation services, today announced that Paul Ney, Momentus Chief Legal Officer and Corporate Secretary, has resigned from his role effective January 27, 2025. Mr. Ney has accepted a position as the Deputy Counsel to the President for National Security Affairs and National Security Council Legal Advisor at the White House in the Trump Administration. Momentus will announce a successor for Mr. Ney at a later date.
By Momentus Inc. · Via Business Wire · January 28, 2025
Nasdaq Grants Momentus Inc. Continued Listing
Momentus Inc. (NASDAQMNTS) (the “Company” or “Momentus”), a U.S. commercial space company, announced today that the Nasdaq Hearings Panel issued a letter granting the Company’s request to continue its listing on The Nasdaq Capital Market until April 15, 2025, while the Company executes its plan to regain compliance with the requirements of Nasdaq Listing Rule 5550(b).
By Momentus Inc. · Via Business Wire · January 16, 2025
Momentus Announces Closing of $5 Million Offering Priced At-The-Market Under NASDAQ Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced the closing of its previously announced “reasonable best efforts” offering with a single institutional investor for the purchase and sale of 800,000 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 800,000 shares of common stock at a combined offering price of $6.20 per share and accompanying warrant, priced at-the-market under Nasdaq rules (the “Offering”). The Company received aggregate gross proceeds of approximately $5 million, before deducting placement agent fees and other Offering expenses, and assuming no exercise of the warrants. The warrants have an exercise price of $6.08 per share, are exercisable immediately and will expire five years from the issuance date.
By Momentus Inc. · Via Business Wire · December 18, 2024
Momentus Announces $5 Million Offering Priced At-The-Market Under NASDAQ Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced the pricing of its “reasonable best efforts” offering with a single institutional investor for the purchase and sale of 800,000 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 800,000 shares of common stock at a combined offering price of $6.20 per share and accompanying warrant, priced at-the-market under Nasdaq rules (the “Offering”). The Company expects to receive aggregate gross proceeds of approximately $5 million, before deducting placement agent fees and other Offering expenses, and assuming no exercise of the warrants. The warrants will have an exercise price of $6.08 per share, will be exercisable immediately and will expire five years from the issuance date.
By Momentus Inc. · Via Business Wire · December 17, 2024
Momentus to Deploy Defense Department and Commercial Payloads on Rideshare Mission with SpaceX in 2026
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company offering satellite buses, technologies, transportation, and other in-space infrastructure services, today announced it has signed a contract with SpaceX to join an upcoming Transporter rideshare mission launching as soon as early 2026.
By Momentus Inc. · Via Business Wire · December 17, 2024
Momentus Inc. Announces Reverse Stock Split
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation and other in-space infrastructure services, today announced it has effectuated a 1-for-14 reverse stock split (the “Reverse Stock Split”) of its Class A common stock (the “Common Stock”) that will become effective on December 12, 2024 at 5:00 p.m. Eastern Time. The Company’s Common Stock will continue to trade on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “MNTS” and will begin trading on a split-adjusted basis at the opening of the market on December 13, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 60879E309.
By Momentus Inc. · Via Business Wire · December 9, 2024
Momentus Receives HALO Prototype Order Contract from SDA
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses and technologies, transportation, and other in‑space infrastructure services, today announced that it has been awarded a contract from the U.S. Defense Department’s Space Development Agency (SDA) for the Hybrid Acquisition for Proliferated LEO (HALO) program.
By Momentus Inc. · Via Business Wire · November 12, 2024
Momentus Selected by NASA to Provide Launch Services
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a provider of satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services, was selected by NASA to provide launch services for future agency missions through its VADR (Venture-Class Acquisition of Dedicated and Rideshare) contract.
By Momentus Inc. · Via Business Wire · October 9, 2024
Momentus Announces Proposed Settlement of Stockholder Derivative Action
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in‑space infrastructure services, today announced that the U.S. District Court for the Northern District of California issued a preliminary order providing for approval of a derivative settlement and providing for notice of the settlement to stockholders of the Company in the matters captioned Hanna v. Kabot, et al., Case No. 5:23-cv-00374 (N.D. Cal.); Rivlen v. Kabot, et al., Case No. 2:23-cv-03120 (C.D. Cal.); Lindsey v. Quiroga, et al., Case No. 20230674 (Del. Ch.); and the litigation demand made by Momentus stockholder, Kamal Qureshi (collectively, the “Derivative Matters”). The proposed settlement calls for the Company to adopt certain corporate governance reforms and pay lead plaintiffs’ attorney’s fees, litigation expenses, and lead plaintiff service awards.
By Momentus Inc. · Via Business Wire · September 26, 2024
Momentus Receives Nasdaq Notice of a Delisting Determination
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in‑space infrastructure services, today announced that it received notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Capital Market LLC (“Nasdaq”) indicating the Company’s continued non-compliance with the minimum bid price requirement, pursuant to Listing Rule 5550(a)(2).
By Momentus Inc. · Via Business Wire · September 26, 2024
Momentus Announces $2.75 Million Private Placement
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 5,000,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $0.55 per share pursuant to a private placement offering, resulting in total gross proceeds of approximately $2.75 million, before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor Class A Common Warrants to purchase up to an aggregate of 10,000,000 shares of common stock and Class B Common Warrants to purchase up to an aggregate of 5,000,000 shares of common stock, together the Common Warrants. The Class A Common Warrants will have an exercise price of $0.575, will be exercisable at any time on or after the date that is six months after the original issuance date and will expire on the five year and six-month anniversary of the original issuance date. The Class B Common Warrants will have an exercise price of $0.575, will be exercisable at any time on or after the date that is six months after the original issuance date and will expire on the 18-month anniversary of the original issuance date.
By Momentus Inc. · Via Business Wire · September 16, 2024
Momentus Enters Into Collaboration Agreement with Lodestar Space for Robotics in Space
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a provider of satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services, entered into a Collaboration Agreement with Lodestar Space to integrate a robotic arm onto a Momentus Vigoride Orbital Service Vehicle (OSV).
By Momentus Inc. · Via Business Wire · September 13, 2024
Momentus Joins DARPA Consortium for Classified Defense Innovation
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has been selected by the Defense Advanced Research Projects Agency (DARPA) Strategic Technology Office to become a member of the Bringing Classified Innovation to Defense and Government Systems (BRIDGES) consortium. As part of the consortium, Momentus will be sponsored for a facility clearance, enabling the company to engage directly with Department of Defense (DoD) customers at classified levels. Momentus’ selection is based on their innovative technologies and capabilities that support the DoD’s Space Superiority mission.
By Momentus Inc. · Via Business Wire · September 13, 2024
Momentus Announces Convertible Note, Loans, and Successful Completion of Annual Meeting
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a convertible note and loan agreements to support operations and pursuit of funding opportunities for the Company. Momentus also announced that it recently held its Annual Meeting of the Stockholders (the “Annual Meeting”) where four Independent Directors were elected to continue to serve on its Board.
By Momentus Inc. · Via Business Wire · July 18, 2024
Momentus Receives Nasdaq Deficiency Notification Regarding Delayed Form 10-Q
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it received notice (the “Notice”) from the Nasdaq Capital Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) the Company’s Form 10-Q for the period ended March 31, 2024, and because the Company has not filed its Form 10-K for the year ended December 31, 2023.
By Momentus Inc. · Via Business Wire · May 30, 2024
Momentus Receives Contract from DARPA to Pave the Way for Large-Scale Space Structures
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a provider of in-space transportation services, has secured a contract from the Defense Advanced Research Projects Agency (DARPA) aimed to support the design and in-space demonstration of technologies that will enable the construction of large-scale structures in space.
By Momentus Inc. · Via Business Wire · May 30, 2024
Momentus Receives Nasdaq Deficiency Notification Regarding Delayed Form 10-K
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it received formal notice (the “Notice”) from the Nasdaq Capital Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) its Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). The Notice has no immediate impact on the listing of the Company’s common stock on Nasdaq, and the Company’s listing remains fully effective.
By Momentus Inc. · Via Business Wire · April 22, 2024
Momentus and Ascent Solar Technologies Partner to Bring to Market Leading-Edge Solar Arrays
Momentus Inc. (NASDAQMNTS) (“Momentus”) and Ascent Solar Technologies (Nasdaq: ASTI) (“ASTI”) today announced a new partnership to jointly market leading-edge solar arrays utilizing the low-cost Tape Spring Solar Array (TASSA) being developed by Momentus and the high performance of Ascent’s flexible, lightweight photovoltaic modules.
By Momentus Inc. · Via Business Wire · April 17, 2024
Momentus Announces Chief Financial Officer Transition
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses, transportation and other in-space infrastructure services, welcomes new interim Chief Financial Officer (CFO) Lon Ensler to the Company.
By Momentus Inc. · Via Business Wire · March 25, 2024
Momentus Announces Cancellation of Special Meeting of Stockholders
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”) announced today that it has cancelled the Company’s special meeting of stockholders that was originally scheduled for March 15, 2024, but was adjourned due to a lack of quorum.
By Momentus Inc. · Via Business Wire · March 25, 2024
Momentus Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules with a single institutional investor for the purchase and sale of 4,624,280 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $0.865 per share, resulting in total gross proceeds of approximately $4.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor warrants to purchase up to an aggregate of 4,624,280 shares of common stock. The warrants have an exercise price of $0.74 per share, are exercisable immediately and expire after five years.
By Momentus Inc. · Via Business Wire · March 7, 2024
Momentus Announces $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 4,624,280 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $0.865 per share and warrant pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in total gross proceeds of approximately $4.0 million, before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investors warrants to purchase up to an aggregate of 4,624,280 shares of common stock. The warrants will have an exercise price of $0.74, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about March 7, 2024, subject to the satisfaction of customary closing conditions.
By Momentus Inc. · Via Business Wire · March 5, 2024
Momentus Awarded NASA Contract to Provide Flight and Payload Integration Services
Momentus Inc. (NASDAQMNTS)(“Momentus” or the “Company”), a leading provider of in-space transportation services, is pleased to announce that it has been awarded a NASA indefinite-delivery/indefinite-quantity (ID/IQ) base contract award with a performance period of five years to provide flight and payload integration services to advance technologies and procedures for operating in space.
By Momentus Inc. · Via Business Wire · March 5, 2024
Space Development Agency Awards Momentus Contract Modification to Develop Defense Applications for Vigoride Orbital Service Vehicle
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has been awarded a contract modification valued at $1,196,404 by the Space Development Agency to continue development of the Vigoride Orbital Service Vehicle for Department of Defense (DoD) Mission Requirements.
By Momentus Inc. · Via Business Wire · February 1, 2024
Momentus Completes All Requirements of the National Security Agreement (NSA)
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses and in-space infrastructure services including transportation, hosted payloads, and other in-orbit services, today announced that the company has been informed by the U.S. Department of the Treasury that following the Company’s completing all requirements of the National Security Agreement (NSA) it entered with Momentus in July 2021 the Committee on Foreign Investment in the United States (CFIUS) has approved the Company’s exit from the agreement and its termination.
By Momentus Inc. · Via Business Wire · January 31, 2024
Momentus Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules with a single institutional investor for the purchase and sale of 3,687,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $1.085 per share, resulting in total gross proceeds of approximately $4.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor warrants to purchase up to an aggregate of 3,687,000 shares of common stock. The warrants have an exercise price of $0.96 per share, are exercisable immediately and expire after five years.
By Momentus Inc. · Via Business Wire · January 17, 2024
Momentus Announces $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 3,687,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $1.085 per share and warrant pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in total gross proceeds of approximately $4.0 million, before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investors warrants to purchase up to an aggregate of 3,687,000 shares of common stock. The warrants will have an exercise price of $0.96, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about January 17, 2024, subject to the satisfaction of customary closing conditions.
By Momentus Inc. · Via Business Wire · January 16, 2024
Momentus Signs Contract with CalgaryToSpace for 2025 Orbital Delivery Services
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, signed a contract with CalgaryToSpace (CTS) for transportation and orbital delivery services in 2025.
By Momentus Inc. · Via Business Wire · December 6, 2023
Momentus Mission Update
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses and in-space infrastructure services including transportation, hosted payloads, and other in-orbit services, today announced an update on its latest mission that launched on the SpaceX Transporter-9 mission on November 11.
By Momentus Inc. · Via Business Wire · December 5, 2023
Momentus Grants Inducement Award to One New Employee
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation and other in-space infrastructure services, today announced the granting of an inducement award to one new employee. In accordance with NASDAQ Listing Rule 5635(c)(4), the award was approved by Momentus’ Compensation Committee and made as a material inducement to such employee's entry into employment with the Company.
By Momentus Inc. · Via Business Wire · November 20, 2023
Momentus Inc. Announces Third Quarter 2023 Financial Results
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the third quarter of 2023.
By Momentus Inc. · Via Business Wire · November 14, 2023
Momentus Continues Testing of Sustainable Spacecraft Engine and New Type of Solar Array
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, continues to advance in-space testing of its Microwave Electrothermal Thruster (MET) and recently completed initial in-space testing of its Tape Spring Solar Array (TASSA).
By Momentus Inc. · Via Business Wire · November 14, 2023
Momentus Announces Closing of Warrant Inducement Transaction for $6.5 Million in Gross Proceeds
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in‑space infrastructure services, announced today that it has closed its previously announced agreement with a single investor that is an existing holder of warrants to purchase shares of common stock of the Company for cash (the “Existing Warrants”), wherein the investor agreed to exercise the Existing Warrants to purchase up to a maximum of 2,904,269 shares of common stock at an exercise price of $2.00 per share, plus an additional $0.25 consideration per share, resulting in gross proceeds of approximately $6.5 million, before deducting offering fees and other expenses payable by the Company.
By Momentus Inc. · Via Business Wire · November 9, 2023
Momentus and RIDE! Space Collaborate to Connect SmallSat Operators to In-Space Services
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses and in-space infrastructure services including transportation, hosted payloads, and other in-orbit services, has signed an agreement with RIDE! Space to make its services available through the RIDE! Space platform.
By Momentus Inc. · Via Business Wire · November 8, 2023
Momentus Signs Contract with AVS for 2024 Orbital Delivery
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with AVS for transportation and orbital delivery services in 2024.
By Momentus Inc. · Via Business Wire · November 6, 2023
Momentus Completes Vibration Testing of Vigoride-7 Orbital Service Vehicle
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses and in-space infrastructure services including transportation, hosted payloads, and other in-orbit services, today announced that it has completed vibration testing of its Vigoride Orbital Service Vehicle scheduled to launch on the SpaceX Transporter-10 mission no earlier than March 2024.
By Momentus Inc. · Via Business Wire · November 3, 2023
Momentus Announces Date of Third Quarter 2023 Financial Results and Conference Call
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, will issue a press release containing financial results for the third quarter 2023 following the close of the U.S. markets on Tuesday, November 14, 2023.
By Momentus Inc. · Via Business Wire · October 30, 2023
Momentus Signs Contract with SatRev for 2024 Orbital Delivery
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with SatRev for transportation and orbital delivery services in 2024.
By Momentus Inc. · Via Business Wire · October 17, 2023
Momentus to Provide Delivery Service for RIDE! Space
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with RIDE! Space for transportation and orbital delivery services in the first quarter of 2024.
By Momentus Inc. · Via Business Wire · October 11, 2023
Momentus Customers Integrated and Shipped to SpaceX Launch Site
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has integrated its customers launching on the SpaceX Transporter-9 mission and shipped the payloads to Vandenberg Space Force Base for integration with Falcon 9 ahead of launch, which is targeted for no earlier than November 2023.
By Momentus Inc. · Via Business Wire · October 10, 2023
Momentus Signs Contract for Orbital Delivery Services with C3S
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with C3S for transportation and orbital delivery services in 2025.
By Momentus Inc. · Via Business Wire · October 5, 2023
Momentus Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules with a single institutional investor for the purchase and sale of 2,000,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $2.00 per share, resulting in total gross proceeds of approximately $4.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor warrants to purchase up to an aggregate of 2,000,000 shares of common stock. The warrants have an exercise price of $2.00 per share, are exercisable immediately and expire after five years.
By Momentus Inc. · Via Business Wire · October 4, 2023
Momentus Announces $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 2,000,000 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $2.00 per share pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in total gross proceeds of approximately $4 million before deducting placement agent commissions and other estimated offering expenses. The company further agreed to issue to the investors warrants to purchase up to an aggregate of 2,000,000 shares of common stock. The warrants will have an exercise price of $2.00, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about October 4, 2023, subject to the satisfaction of customary closing conditions.
By Momentus Inc. · Via Business Wire · October 2, 2023
Momentus Chief Executive Officer John Rood Recognized as Connectivity Business Executive to Watch
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that Chief Executive Officer John Rood is featured as one of this year’s “Executives to Watch” by Connectivity Business.
By Momentus Inc. · Via Business Wire · September 28, 2023
Momentus to Provide Delivery Service for Aarhus University Payload
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with Aarhus University for transportation and orbital delivery services in late 2024.
By Momentus Inc. · Via Business Wire · September 19, 2023
Momentus Announces Closing of $5.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules with a single institutional investor for the purchase and sale of 672,948 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $7.43 per share, resulting in total gross proceeds of approximately $5.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor Series A warrants to purchase up to an aggregate of 672,948 shares of common stock and Series B warrants to purchase up to an aggregate of 672,948 shares of common stock. The Series A and Series B warrants have an exercise price of $7.18, are exercisable immediately and expire after five years and one year, respectively.
By Momentus Inc. · Via Business Wire · September 11, 2023
Momentus Regains Compliance with Nasdaq Minimum Bid Price
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has received formal notice from the Listing Qualifications staff of The Nasdaq Stock Market LLC indicating that Momentus has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1).
By Momentus Inc. · Via Business Wire · September 8, 2023
Momentus Announces $5.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 672,948 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $7.43 per share pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in total gross proceeds of approximately $5.0 million before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investor Series A warrants to purchase up to an aggregate of 672,948 shares of common stock and Series B warrants to purchase up to an aggregate of 672,948 shares of common stock. The Series A and Series B warrants will have an exercise price of $7.18, will be exercisable immediately and will expire five years and one year, respectively. The closing of the offering is expected to occur on or about September 11, 2023, subject to the satisfaction of customary closing conditions.
By Momentus Inc. · Via Business Wire · September 7, 2023
Momentus to Participate in Singular Research Autumn Equinox Webinar
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, announced that Chief Executive Officer John Rood will present at the Singular Research Autumn Equinox Webinar taking place virtually on September 14, 2023.
By Momentus Inc. · Via Business Wire · September 5, 2023
Momentus to Provide Hosted Payload Services for FOSSA Systems
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with FOSSA Systems ("FOSSA"), a Spanish company that offers global low-power Internet of Things (IoT) connectivity and in-space services to provide hosted payload services starting in 2024. The contract also includes two options for additional hosted payloads.
By Momentus Inc. · Via Business Wire · August 24, 2023
Momentus Inc. Announces Reverse Stock Split
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced it has effectuated a 1-for-50 reverse stock split (the “Reverse Stock Split”) of its Class A common stock (the “Common Stock”) that will become effective on August 23, 2023, at 11:59 p.m. Eastern Time. The Company’s Common Stock will continue to trade on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “MNTS” and will begin trading on a split-adjusted basis at the opening of the market on August 24, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 60879E200.
By Momentus Inc. · Via Business Wire · August 22, 2023
Momentus Grants Inducement Awards to Four New Employees
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced the granting of inducement awards to four new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Momentus’ Compensation Committee and made as a material inducement to each employee's entry into employment with the Company.
By Momentus Inc. · Via Business Wire · August 21, 2023
Momentus Inc. Announces Second Quarter 2023 Financial Results
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the second quarter of 2023.
By Momentus Inc. · Via Business Wire · August 14, 2023
Momentus Awarded Innovation Research Contract from U.S. Defense Department’s Space Development Agency
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, has signed a contract with the U.S. Defense Department’s Space Development Agency (SDA) for a Small Business Innovation Research Award, "Orbital Service Vehicle Enhancements to Meet Department of Defense (DoD) Mission Requirements.”
By Momentus Inc. · Via Business Wire · August 14, 2023
Momentus to Highlight Low-Cost M-1000 Commercial Satellite Bus and Transportation Services at Small Satellite 2023
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers commercial satellite buses and orbital transportation and in-space infrastructure services, will be attending Small Satellite 2023 from August 5-10 in Logan, Utah.
By Momentus Inc. · Via Business Wire · August 2, 2023
Momentus Announces Date of Second Quarter 2023 Financial Results and Conference Call
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, will issue a press release containing financial results for the second quarter 2023 following the close of the U.S. markets on Monday, August 14, 2023.
By Momentus Inc. · Via Business Wire · July 31, 2023
Momentus Deploys All Payloads from Vigoride-6 Mission
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has deployed all customer payloads from its Vigoride-6 Orbital Service Vehicle launched in April 2023 aboard the SpaceX Transporter-7 mission.
By Momentus Inc. · Via Business Wire · July 28, 2023
Momentus Announces Cancellation of FY 2023 Annual Meeting of Stockholders
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has cancelled the Company’s annual meeting of stockholders for fiscal year 2023 that was originally scheduled for May 30, 2023, but was adjourned several times due to a lack of quorum, most recently until July 7, 2023.
By Momentus Inc. · Via Business Wire · July 5, 2023
Momentus to Participate in Emerging Growth Space Conference
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, announced that Chief Executive Officer John Rood will present at the Emerging Growth Conference "Space Symposium" - Exploring the Future of Space and Satellite taking place virtually on June 7, 2023.
By Momentus Inc. · Via Business Wire · June 5, 2023
Momentus to Deliver Nine Satellites to Orbit for Apogeo Space Internet of Things Constellation
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has signed an agreement with Apogeo Space to provide orbital transportation services for nine satellites that are part of Apogeo’s planned 100-satellite Internet of Things (IoT) constellation.
By Momentus Inc. · Via Business Wire · June 5, 2023
Momentus and Axient to Collaborate on Space Services from Low-Earth Orbit to Cislunar Space
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, and Axient LLC (“Axient”), a key player in the U.S. civil, commercial, and national security space markets, have entered into a Memorandum of Understanding to collaborate on technologies and capabilities to serve customers from Low-Earth Orbit to Cislunar space.
By Momentus Inc. · Via Business Wire · June 1, 2023
Momentus to Deliver Lunasonde Technology Demonstration Payload to Orbit
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has signed a contract with Lunasonde to deliver the Picacho CubeSat to orbit.
By Momentus Inc. · Via Business Wire · May 25, 2023
Momentus Grants Inducement Awards to New Employees
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, today announced the granting of inducement awards to seven new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Momentus’ Compensation Committee and made as a material inducement to each employee's entry into employment with the Company.
By Momentus Inc. · Via Business Wire · May 22, 2023
Momentus Deploys Qosmosys Satellite and Starts Comprehensive On-Orbit Support of Caltech Hosted Payload
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has deployed the Qosmosys Zeus-1 payload from its Vigoride-5 Orbital Service Vehicle and is now providing comprehensive hosted payload support services for Caltech’s Space-based Solar Power Project payload.
By Momentus Inc. · Via Business Wire · May 18, 2023
Momentus Signs Launch Service Agreement with SpaceX
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, signed a contract with SpaceX to reserve a port on its Transporter-12 mission targeted for launch no earlier than October 2024.
By Momentus Inc. · Via Business Wire · May 12, 2023
Momentus Inc. Announces First Quarter 2023 Financial Results
Momentus Inc. (NASDAQMNTS) (“Momentus” or the "Company”), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, today announced its financial results for the first quarter ended March 31, 2023.
By Momentus Inc. · Via Business Wire · May 11, 2023
Need a Lift? Astroscale and Momentus Team to Offer NASA a Commercial Solution to Reboost Hubble and Deliver Additional In-Space Servicing
Astroscale U.S. Inc., the market leader in securing long-term orbital sustainability across all orbits and Momentus Inc. (NASDAQMNTS), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, are collaborating to offer NASA a sustainable solution for its Hubble Reboost efforts.
By Momentus Inc. · Via Business Wire · May 9, 2023
Momentus Achieves First Orbit Raise with Pioneering Propulsion System
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, successfully achieved the first orbital raise of its Vigoride-5 spacecraft using its pioneering Microwave Electrothermal Thruster (MET) that uses distilled water as propellant.
By Momentus Inc. · Via Business Wire · May 8, 2023
Momentus Announces Date of First Quarter 2023 Financial Results and Conference Call
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, will issue a press release containing financial results for the first quarter 2023 following the close of the U.S. markets on Thursday, May 11, 2023.
By Momentus Inc. · Via Business Wire · May 3, 2023
Momentus Signs Contract to Carry Hosted Payload for Hello Space
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, has signed an agreement with Hello Space, an internet of things (IoT) through satellite tech company, to carry a hosted payload of a demo deployer carrying four pocketqube satellites on the Vigoride-7 mission targeted to launch on the SpaceX Transporter-9 mission no earlier than October 2023.
By Momentus Inc. · Via Business Wire · May 3, 2023
Momentus Grants Inducement Award to New Employee
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, today announced the granting of an inducement award to one new employee.
By Momentus Inc. · Via Business Wire · April 24, 2023
Momentus to Bring In-Space Infrastructure Expertise to 2023 Space Symposium
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, will be attending Space Symposium 2023, April 17-20, at the Broadmoor in Colorado Springs, Colorado.
By Momentus Inc. · Via Business Wire · April 17, 2023
Momentus’ New Spacecraft Engine Continues Successful In-Space Testing
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers orbital transportation and in-space infrastructure services, continues to advance through its Microwave Electrothermal Thruster (MET) in-space testing campaign, completing more than a dozen test firings ranging from 30 seconds up to five minutes – the expected range for Momentus standard missions.
By Momentus Inc. · Via Business Wire · April 17, 2023
Momentus Launches Vigoride-6 Orbital Service Vehicle on SpaceX Transporter-7 Mission
Momentus Inc. (NASDAQMNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers transportation and other in-space infrastructure services, launched its third Vigoride Orbital Service Vehicle (OSV) to low-Earth orbit aboard the SpaceX Transporter-7 mission on April 14. Momentus established contact with its Vigoride vehicle and confirmed that both solar arrays are deployed and the vehicle is generating power and charging its batteries.
By Momentus Inc. · Via Business Wire · April 15, 2023
New Chief Financial Officer Hire Strengthens Momentus’ Executive Leadership Team
Momentus Inc. (NASDAQMNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers transportation and other in-space infrastructure services, welcomes new Chief Financial Officer (CFO) Eric Williams to the Company.
By Momentus Inc. · Via Business Wire · April 5, 2023