Space Company Secures $2.7 Million Through Warrant Exercise Deal
Momentus Restructures Existing Warrants With Institutional Investor to Boost Working Capital
Space technology firm Momentus has completed a warrant inducement transaction that will generate $2.7 million in gross proceeds to support operations and corporate activities. The company has entered into an agreement with an existing institutional investor to exercise 2,431,029 existing warrants at a reduced price of $1.11 per share.
The San Jose, California-based commercial space company specializes in satellite solutions, in-space transportation, and orbital infrastructure services. Under the agreement, the investor will immediately exercise warrants that were originally issued in October 2024, December 2024, and February 2025, totaling 2,431,029 shares.
In exchange for exercising the existing warrants at the reduced price, the investor will receive new August 2025 Class A warrants to purchase up to 4,862,058 shares of common stock. These new warrants carry the same $1.11 exercise price and will become exercisable once stockholder approval is obtained. The new warrants will expire five years from the approval date.
The transaction was expected to close on or about August 14, 2025, subject to standard closing conditions. A.G.P./Alliance Global Partners served as the exclusive financial advisor for the deal.
The new warrants were offered through a private placement to accredited investors under an exemption from Securities and Exchange Commission registration requirements. Momentus has committed to filing a registration statement with the SEC covering the resale of common stock that may be issued upon exercise of the new warrants.
Momentus provides satellites and satellite components to government and commercial customers for communications, missile tracking, and science missions. The company also offers hosted payload services, in-space assembly support, on-orbit servicing and refueling, and transportation of satellites to specific orbits.