Momentus raises $2.7 million through warrant exercise agreement

Momentus Inc. (NASDAQ: MNTS) entered into a warrant inducement agreement with an existing institutional investor to exercise warrants for 2,431,029 shares of common stock at a reduced price of $1.11 per share, generating gross proceeds of approximately $2.7 million.

The exercised warrants include October 2024 warrants for 357,143 shares, December 2024 warrants for 800,000 shares, and February 2025 warrants for 1,273,886 shares. The company plans to use net proceeds for working capital and general corporate purposes.

In exchange for the immediate exercise, the investor will receive new August 2025 Class A warrants to purchase up to 4,862,058 shares at an exercise price of $1.11. The new warrants will become exercisable upon stockholder approval and expire five years from the approval date.

The warrant inducement transaction is expected to close on or about August 14, 2025, subject to customary closing conditions. A.G.P./Alliance Global Partners served as the exclusive financial advisor for the transaction.

The new warrants were offered through a private placement to accredited investors under an exemption from Securities Act registration requirements. Momentus has agreed to file a registration statement with the SEC covering the resale of common stock issuable upon exercise of the new warrants.

Momentus operates as a commercial space company providing satellites, satellite components, and in-space transportation and infrastructure services for government and commercial customers.

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