Momentus Inc is trading 11.5% up today at $13.62 after announcing approximately $84.6 million in new financing and updating investors on its current space mission.
- The company disclosed it now has about $76 million in cash on hand and remains debt-free, a move that materially strengthens its liquidity position.
- Shares continue to show bullish momentum by trading above key moving averages, despite experiencing broader market weakness.