MNTS - Momentus launches $10M investment through shares and warrants issuance

• Momentus ( NASDAQ: MNTS ) signed a securities purchase agreement with a certain institutional investor leading to a production of $10M in gross proceeds to the company through a registered direct offering to the investor.
• Under offer terms, Momentus will issue the investor 9.4M shares, pre-funded warrants to purchase 2.2M shares and warrants to purchase up to 11.57M shares.
• Shares and accompanying warrants are being sold at a combined purchase price of $0.8646/share.
• The accompanying warrants will become exercisable six months post closure at an exercise price of $1.15/share and will remain exercisable for five years thereafter.
• Offering is expected to close on or about Feb.27, 2023.
• Net proceeds to be used for general corporate purposes, including, without limitation, for the settlement of certain legacy obligations.

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