Momentus Announces $2.75M Private Placement With A Single U.S. Institutional Investor For The Purchase And Sale Of 5M Shares Of Common Stock At A Purchase Price Of $0.55 Per Share
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. has announced a $2.75 million private placement with a U.S. institutional investor, involving the sale of 5 million shares at $0.55 each. The deal includes Class A and B Common Warrants for additional shares, with specific exercise prices and expiration dates.
September 16, 2024 | 12:04 pm
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Momentus Inc. has secured a $2.75 million investment through a private placement, selling 5 million shares at $0.55 each. The deal includes warrants for additional shares, potentially impacting share dilution and future stock price.
The private placement provides Momentus with immediate capital, which is positive for operations. However, the issuance of new shares and warrants could lead to stock dilution, potentially offsetting positive impacts. The exercise of warrants could further affect stock price depending on market conditions.
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