Momentus Enters Convertible Note And Loan Agreements To Support Operations And Pursuit Of Funding Opportunities
Portfolio Pulse from Benzinga Newsdesk
Momentus has entered into convertible note and loan agreements to support its operations and funding opportunities. The company held its Annual Meeting of Stockholders, electing four Independent Directors. Momentus is now in compliance with Nasdaq Listing Rule 5620(a) after receiving notice from Nasdaq.
July 18, 2024 | 9:33 pm
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Momentus has secured convertible note and loan agreements to support its operations and funding opportunities. The company is now in compliance with Nasdaq Listing Rule 5620(a) after its Annual Meeting of Stockholders.
The convertible note and loan agreements provide Momentus with necessary funding, which is crucial for its operations and growth. Compliance with Nasdaq rules removes a potential risk factor, likely boosting investor confidence.
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