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SAN JOSE, Calif. - Momentus Inc. (NASDAQ:MNTS), a space company with a market capitalization of $7.81 million, announced Monday the pricing of an offering with an institutional investor for 2,836,880 shares of common stock and warrants at a combined purchase price of $1.41 per share. According to InvestingPro analysis, the stock is currently trading below its Fair Value, despite falling over 81% in the past year.
The U.S. commercial space company, which specializes in satellite solutions and in-space transportation, expects to raise approximately $4 million in gross proceeds before deducting placement agent fees and other expenses. The offering is expected to close around July 1, 2025, subject to customary closing conditions. InvestingPro data reveals the company faces significant liquidity challenges with a current ratio of 0.4, indicating its short-term obligations exceed liquid assets.
The warrants will have an exercise price of $1.41 per share, will be immediately exercisable upon stockholder approval, and will expire 5 years from the initial exercise date.
Momentus plans to use the net proceeds for general corporate purposes, working capital, capital expenditures, and debt repayment and refinancing. While the company’s financial health score remains weak, analysts project revenue growth of 30% for fiscal year 2025. Get access to 12 additional InvestingPro Tips and comprehensive financial analysis with an InvestingPro subscription.
A.G.P./Alliance Global Partners is serving as the sole placement agent for the offering.
As part of the transaction, Momentus has agreed to amend certain existing warrants to purchase up to 1,157,143 shares of common stock, reducing their exercise price from $3.80 to $1.41 per share. This amendment is subject to stockholder approval.
The securities are being offered pursuant to a registration statement on Form S-1 that was declared effective by the Securities and Exchange Commission on June 30, 2025.
This information is based on a press release statement from the company.
In other recent news, Momentus Inc. has been awarded a contract by NASA to test an in-orbit power system, specifically a Power Processing Unit for Hall Thrusters, slated for launch in February 2026. Additionally, the company has partnered with Portal Space Systems to demonstrate Portal’s advanced flight computer technology on the same mission. Shareholders of Momentus have approved several key proposals, including the election of directors and adjustments to financial instruments, at their 2025 Annual Meeting. The company has also announced a new conversion price for certain convertible promissory notes, reflecting strategic financial management. Furthermore, Momentus believes it has met Nasdaq’s minimum stockholders’ equity requirement following a deal with Velo3D, involving the issuance of Class A common stock and non-voting Series A Convertible Preferred Stock. Momentus awaits formal confirmation from Nasdaq on this compliance but remains under monitoring to ensure continued adherence to listing standards. These developments highlight Momentus’ ongoing efforts in advancing space technology and managing its financial strategy.
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