Momentus taps remaining capacity of $50 million at-the-market equity program

MOMENTUS INC

MOMENTUS INC

MNTS

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  • Momentus fully used the remaining capacity under its $50 million at-the-market equity distribution program.
  • It also completed a $25 million private placement priced at-the-market under Nasdaq rules.
  • Warrant exercises generated more than $9.6 million in gross proceeds.
  • The transactions lifted cash on hand to about $76 million, leaving the company debt-free.
  • Shares outstanding totaled 16,983,959, including 765,580 pre-funded warrants.


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