Momentus Files Prospectus Relates To Offer, Sale From Time-To-Time Of 20.5M Shares Of Class A Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Momentus has filed a prospectus with the SEC for the offer and sale of 20.5 million shares of Class A common stock by selling stockholders.
October 18, 2024 | 8:11 pm
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Momentus has filed a prospectus for the sale of 20.5 million shares of Class A common stock by selling stockholders, which could impact the stock price.
The filing of a prospectus for the sale of a large number of shares by selling stockholders can lead to increased supply in the market, potentially putting downward pressure on the stock price. This is a significant event for Momentus as it involves a substantial number of shares.
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