Momentus Inc is trading 15.2% down at $10.13 as investors digest the impact of its recently announced and now-closing $25 million registered direct offering with institutional investors.
- The stock is extending losses following a period of heavy volatility, which included a sharp price spike on June 11 followed by a reversal on June 12.
- Investors are currently weighing the dilutive effects of the stock offering against a broader risk-on market backdrop.