Momentus Inc. has closed a registered direct offering with institutional investors, raising approximately $25.0 million in gross proceeds. The company sold 1,851,852 shares of its Class A common stock at a price of $13.50 per share. Proceeds from the offering are intended for general corporate purposes.
Key Details
- Offering Terms: The company sold 1,851,852 shares of Class A common stock at a purchase price of $13.50 per share, with the transaction closing on June 15, 2026.
- Financial Impact: The offering generated approximately $25.0 million in gross proceeds before deducting placement agent fees and other expenses.
- Placement Agent & Compensation: A.G.P./Alliance Global Partners acted as the sole placement agent, receiving a 7.0% cash fee and warrants to purchase 92,592 shares at an exercise price of $14.85 per share.
- Associated Agreements: Company executive officers and directors have entered into 30-day lock-up agreements. The company is also restricted from issuing additional stock for 10 days post-closing.