InvestmentJun 15, 2026, 05:06 PM
Momentus Raises $25M in Direct Stock Offering
AI Summary
Momentus Inc. announced the completion of a registered direct offering, raising approximately $25.0 million in gross proceeds by selling 1,851,852 shares of Class A common stock at $13.50 per share. The company intends to use these funds for general corporate purposes. The offering was facilitated by A.G.P./Alliance Global Partners, which acted as the placement agent and received a cash fee and warrants. In connection with the offering, a securities purchase agreement was signed, and executive officers and directors agreed to 30-day lock-up periods.
Key Highlights
- Momentus Inc. completed a registered direct offering of 1,851,852 shares of Class A common stock.
- The offering raised approximately $25.0 million in gross proceeds at a price of $13.50 per share.
- Proceeds will be used for general corporate purposes.
- The company entered into a securities purchase agreement with institutional investors on June 11, 2026.
- Executive officers and directors entered into 30-day lock-up agreements.
- A.G.P./Alliance Global Partners acted as the placement agent, receiving a 7.0% cash fee and warrants for 92,592 shares.
Price Impact
More from MNTS