Momentus Inc. Announces Reverse Stock Split
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Momentus Inc. has announced a 1-for-14 reverse stock split of its Class A common stock, effective December 12, 2024. The stock will continue trading on Nasdaq under the symbol MNTS.
December 09, 2024 | 10:30 pm
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Momentus Inc. is implementing a 1-for-14 reverse stock split, which will reduce the number of outstanding shares and potentially increase the stock price per share. This action is set to take effect on December 12, 2024.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price per share. However, it does not change the company's market capitalization. The impact on the stock price will depend on market perception and investor sentiment following the split.
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