Momentus Inc. (NASDAQ: MNTS) reported it has approximately $76 million in cash following recent capital raising activities and provided an update on its Vigoride 7 space mission operations.

The space technology company completed several financing transactions, including full utilization of its $50 million at-the-market program and a previously announced $25 million private placement completed May 28 with two institutional investors. Additionally, warrant holders exercised 1,807,938 warrants, generating more than $9.6 million in gross proceeds, leaving 501,162 warrants outstanding.

The company currently has 16,983,959 shares outstanding, including 765,580 pre-funded warrants, and remains debt-free.

"We were able to take decisive action to strengthen our balance sheet, which will provide us the flexibility to invest strategically in growth," said Chief Executive Officer John Rood.

Momentus provided details on its Vigoride 7 mission, launched March 30 on SpaceX's Transporter-16 mission carrying 10 payloads to low Earth orbit. The spacecraft executed a controlled descent from approximately 517 kilometers altitude using the company's water-based propulsion system, completing more than 30 engine burns.

The mission includes a Defense Advanced Research Projects Agency contract payload called ASTRA, developed by Caltech, which has begun autonomously assembling a truss structure in orbit using robotic arms. Another payload features a titanium pressure tank designed by Momentus and manufactured using Velo3D's 3D printing technology.

The mission includes upcoming operations such as releasing a NASA satellite and conducting proximity operations demonstrations under a SpaceWERX contract.

Momentus announced its Vigoride 8 mission is scheduled for 2027 with two NASA payloads, while capacity remains available on the Vigoride 9 mission.