Momentus Inc is trading 12.6% down at $9.05 as investors digest a recent balance-sheet update and capital-raising details.
- The company reported a cash position of approximately $76 million, bolstered by warrant exercises and the full utilization of its at-the-market (ATM) program.
- While operational progress continues on the Vigoride 7 mission, sentiment is being pressured by ongoing dilution risks and execution uncertainty in the space-transportation sector.