SRACU - Momentus goes public via merger with Stable Road Acquisition

Momentus to become publicly listed through a merger with Stable Road Acquisition (SRACU) at $1.2B valuation.Upon closing in early 2021, the combined company will be named Momentus Inc. and will trade under the ticker symbol “MNTS".Momentus will have ~$310M in cash on the balance sheet, to be funded by Stable Road’s $172.5M of cash held in trust and $175.0M from a fully committed common stock PIPE at $10/share, including investments from private equity growth investors, family offices and select top tier public institutional investors.As of September 30, 2020, the company had customer contracts which represent ~$90M in potential revenue over the next several years. The current size of the global space economy is expected to grow from an estimated $415B to $1.4T by 2030 driving demand for transportation and infrastructure services in space. With the significant market opportunity in the new space economy, Momentus is well-positioned to address the need for

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Momentus goes public via merger with Stable Road Acquisition