Momentus Inc is trading at $11.47 (23.2%) up in pre-market, rebounding sharply after several days of heavy selling tied to its $25 million registered direct equity offering priced at-the-market.
- The stock had dropped from a June 11 high of $16.30 amid dilution concerns following the announcement of the equity offering.
- Today’s pre-market strength appears to be a technical bounce as investors reassess the prior selloff rather than a response to fresh company-specific news.