IPO - Momentus Inc.

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Form Type: S-1

Filing Date: 2025-06-02

Corporate Action: Ipo

Type: New

Accession Number: 000114036125020988

Filing Summary: Momentus Inc. filed a Form S-1 registration statement with the SEC on May 30, 2025, to offer up to 4,288,232 shares of its Class A common stock, par value $0.00001 per share, intended for sale by Selling Stockholders. The Company is a U.S. commercial space entity focused on satellite and spacecraft technology, providing transportation and infrastructure services to enable space commercialization. It plans to issue securities under a Loan Agreement with J.J. Astor & Co. to facilitate the sale of these shares. The overall planned use of proceeds from this offering includes enhancing Momentus' service capabilities. The Company highlights its relevant risks and notes its ongoing compliance efforts with Nasdaq listing rules, particularly regarding minimum stockholder equity requirements and bid price compliance. Momentus is characterized as a smaller reporting company and is actively developing technologies to expand its service offerings in space, including satellite launch and transportation. The shares are to be sold by Selling Stockholders, and Momentus will not receive proceeds from the sales.

Additional details:

Shares Offered: 4288232


Class Of Stock: Class A common stock


Initial Note Conversion Shares: 595588


Additional Note Conversion Shares: 595588


Total Conversion Shares: 1191176


Warrant Shares: 952940


Additional Registration Shares: 2144116


Loan Agreement With: J.J. Astor & Co.


Last Reported Sale Price: 1.7


Date Of Last Sale: 2025-05-30


Form Type: S-1

Filing Date: 2025-04-22

Corporate Action: Ipo

Type: New

Accession Number: 000114036125014782

Filing Summary: Momentus Inc. is a U.S. commercial space company that provides satellite transportation and infrastructure services, intending to raise capital by offering up to 2,142,858 shares of its Class A common stock. The registration statement is under the Securities Act of 1933 and aims to register the offer for sale of common stock by Selling Stockholders. Momentus operates with a focus on innovation in satellite technology, such as the water plasma propulsion technology, highlighting competitive advantages for satellite operators. The company has faced compliance issues with Nasdaq regarding minimum stock price and has taken steps to regain compliance, including a reverse stock split. Furthermore, recent agreements, like the Master Services Agreement with Velo3D, Inc., indicate proactive measures to enhance operational capabilities. The document outlines risks associated with their business model and the importance of raising capital to support continued operations and technological advancements.

Additional details:

Approximate Date Of Commencement Of Proposed Sale: From time to time after the effective date of this registration statement


Offered Securities: Up to 2,142,858 shares of Class A common stock


Last Reported Sales Price: $1.80 per share on April 17, 2025


Master Services Agreement Details: Agreement with Velo3D, Inc. for manufacturing solutions, issued 477,455 shares of Class A common stock and 673,408 shares of Series A Convertible Preferred Stock


Stockholder Meeting Date: December 2, 2024


Reverse Stock Split Ratio: 1-for-14


Stockholders Equity: Approximately $8.1 million as of April 15, 2025


Going Concern Unity: Substantial doubt about the Company’s ability to continue as a going concern due to net losses and cash flow issues


Form Type: 424B5

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: New

Accession Number: 000114036125003793

Filing Summary: Momentus Inc. is conducting an offering of 300,000 shares of Class A common stock at a public offering price of $3.925 per share, inclusive of accompanying warrants to purchase up to 300,000 shares of common stock. The exercise price for each warrant is set at $3.80 per share and they will expire after five years. Additionally, the offering includes pre-funded warrants allowing a specific purchaser to acquire up to 973,886 shares of common stock, contingent on ownership limits of 4.99% or 9.99% of outstanding shares. The complete offering is structured so that the various securities will be issued and settled on a delivery versus payment basis, with the expected closing occurring on or about February 11, 2025. This offering will not require a minimum aggregate amount of proceeds to close, and includes fees payable to the placement agent, A.G.P./Alliance Global Partners. Momentus is classified as a smaller reporting company and has disclosed certain risks associated with the investment, highlighting operational challenges and uncertainties over capital raising and market dynamics. This prospectus addresses compliance with Nasdaq listing requirements, following previous deficiency notices and actions regarding the company's stock price and reporting status. The document emphasizes the company's commitment to advancing its satellite transportation services and technology development, including its innovative Vigoride vehicles designed for orbital and in-orbit services as well as future reusability potential, aiming to enhance operational efficiencies for satellite operators. This is pivotal for expanding Momentus's presence in the growing space commercialization sector, while addressing prior delisting risks and ongoing financial viability evaluations due to the substantial losses reported.

Additional details:

Public Offering Price: $3.925


Warrant Exercise Price: $3.80


Pre Funded Warrant Price: $3.92499


Placement Agent Fee Rate: 7%


Total Placement Agent Fees: $349,999.50


Proceeds Before Expenses: $4,649,993.31


Nasdaq Symbol: MNTS


Last Reported Price: $3.80


Common Stock Price Requirements: minimum of $1.00


Form Type: CORRESP

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: New

Accession Number: 000114036125003429

Filing Summary: Momentus Inc. has filed a request with the U.S. Securities and Exchange Commission to accelerate the effective date of its Registration Statement on Form S-1, which is attached with File No: 333-284393. The company intends for the registration to become effective at 9:00 a.m. Eastern Time on February 10, 2025, or as soon thereafter as practicable. A.G.P./Alliance Global Partners, acting as Lead Placement Agent, confirmed compliance with relevant regulations and plans to distribute preliminary prospectuses to participating dealers for adequate distribution of securities in the offering.

Additional details:

Registration Statement: Form S-1


File Number: 333-284393


Lead Placement Agent: A.G.P./Alliance Global Partners


Effective Date: 2025-02-10


Time Eastern: 9:00 a.m.


Form Type: CORRESP

Filing Date: 2024-12-16

Corporate Action: Ipo

Type: New

Accession Number: 000114036124049647

Filing Summary: Momentus Inc. has filed a request to accelerate the effective date of its Registration Statement on Form S-1, allowing it to become effective at 9:30 a.m. Eastern Time on December 17, 2024. A.G.P. / Alliance Global Partners, acting as the Lead Placement Agent, is facilitating this request. The document confirms compliance with necessary rules regarding the distribution of the preliminary prospectus, indicating that arrangements are being made to ensure adequate distribution to agents or dealers involved in the securities offering.

Additional details:

Registration Statement File No: 333-283539


Lead Placement Agent: A.G.P./Alliance Global Partners


Effective Date: 2024-12-17T09:30:00-05:00


Compliance Rule: Rule 15c2-8


Signatory Name: Thomas J. Higgins


Signatory Title: Managing Director


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