Momentus Inc - MNTS STOCK NEWS

Velo3D (OTC: VLDX) has secured a five-year, $15 million master services agreement with Momentus (NASDAQ: MNTS). The partnership centers on Velo3D's new Rapid Production Solutions (RPS) offering, through which the company will provide consulting and parts production services.

The agreement involves Momentus issuing a combination of common stock and convertible preferred stock for services, with Velo3D's ownership capped at 9.99% of Momentus's outstanding common stock. The RPS offering focuses on three key areas: accelerating production pathways through application-specific solutions, ensuring consistent high-quality parts through integrated metrology and process control tools, and providing flexible production supply chains through multiple pathways including vertical integration, contract manufacturing partnerships, and access to Velo3D's production cells.

Momentus (NASDAQ: MNTS) and Solstar Space Company have announced a strategic partnership to revolutionize space communications by providing on-demand Wi-Fi connectivity for space systems. The collaboration aims to enable customers to communicate with their orbital systems using commercial satellite constellations, replacing traditional periodic burst communications through ground stations.

The partnership's first milestone will be an on-orbit demonstration of Solstar's Deke Space Communicator in Low-Earth Orbit (LEO), scheduled for launch on a SpaceX Transporter rideshare mission in early 2026. This technology will provide continuous, on-demand Wi-Fi and narrowband Internet connectivity for Momentus and its customers.

Under the agreement, both companies will pursue joint opportunities in hosted payload services and space data relay communications systems, combining Momentus's expertise in hosted payloads and satellite buses with Solstar's innovative on-orbit WiFi connectivity solutions.

Momentus (NASDAQ: MNTS) has closed its previously announced 'reasonable best efforts' offering with a single institutional investor. The offering includes 1,273,886 shares of common stock and warrants to purchase up to 1,273,886 additional shares at a combined price of $3.925 per share and accompanying warrant.

The offering, priced at-the-market under Nasdaq rules, generated approximately $5 million in gross proceeds before deducting placement agent fees and expenses. The warrants have an exercise price of $3.80 per share, are immediately exercisable, and will expire in five years. The company plans to use the net proceeds for general corporate purposes. A.G.P./Alliance Global Partners served as the sole placement agent for the offering.

Momentus (NASDAQ: MNTS) has announced a $5 million offering priced at-the-market, involving the sale of 1,273,886 shares of common stock and warrants to a single institutional investor. The combined purchase price is set at $3.925, with warrants exercisable at $3.80 per share for a 5-year period.

The offering is expected to close around February 11, 2025. A.G.P./Alliance Global Partners is serving as the sole placement agent. The company plans to use the proceeds for general corporate purposes.

Additionally, Momentus will amend existing warrants for 2,228,572 shares, reducing their exercise price to $3.80 per share. This includes Class A and B September 2024 Warrants, October 2024 Warrant, and December 2024 Warrant. The amendment requires stockholder approval, with specific provisions if approval isn't obtained within six months.

Momentus (NASDAQ: MNTS) has secured an expanded contract from DARPA's Defense Sciences Office for Phase 3 of the NOM4D program, valued at approximately $3.5 million. The contract involves conducting an in-orbit demonstration of large-scale structure assembly, scheduled to launch on a SpaceX Transporter rideshare mission in early 2026.

The mission will utilize Momentus' Vigoride Orbital Service Vehicle to validate the functionality and performance of in-space assembly payload in LEO environment. This marks Momentus' fourth Vigoride mission and first supporting DARPA. The NOM4D program aims to develop foundations for building structures in space, such as solar arrays, antennas, and optics, specifically designed for space fabrication.

The company will provide full-service support, including launch services, payload integration, and in-orbit hosting. Additional capacity remains available for customers planning LEO deployment and hosted payload missions in early 2026, with capabilities to support microsatellites up to 200 kg and provide power up to 1kW.

Momentus (NASDAQ: MNTS) has been selected by the U.S. Air Force Research Labs AFWERX organization to demonstrate a new low-cost multispectral sensor suite for Rendezvous and Proximity Operations (RPO) in space. The company will conduct this demonstration under a Phase II Small Business Innovation Research (SBIR) project, following a competitive evaluation process.

The demonstration, planned for early 2026, will utilize Momentus' RPO system equipped with optical, infrared, and Lidar sensors to guide a space vehicle's approach to an uncharacterized client object. The mission will be launched on a SpaceX Transporter rideshare mission, which will also carry other Department of Defense and commercial payloads.

The project aims to reduce costs while maintaining operational safety for future in-space operations including satellite refueling, manufacturing, assembly, servicing, and debris removal. Momentus' Vigoride vehicle can support microsatellites up to 200 kg and provide power up to 1kW for missions in orbits above 500 km and below the International Space Station.

Momentus (NASDAQ: MNTS) announced that Chief Legal Officer and Corporate Secretary Paul Ney will resign effective January 27, 2025, to join the Trump Administration as Deputy Counsel to the President for National Security Affairs and National Security Council Legal Advisor.

Ney, who joined Momentus in September 2021 after serving as General Counsel of the U.S. Department of Defense, played a key role in establishing Momentus as a public company and implementing a Committee on Foreign Investment in the United States (CFIUS) National Security Agreement. His tenure at the company was marked by successful navigation of complex legal issues and government regulatory matters.

Prior to Momentus, Ney held various public service positions and worked in private law practice, bringing nearly four decades of experience. The company will announce his successor at a later date.

Momentus Inc. (NASDAQ: MNTS) has received approval from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Capital Market until April 15, 2025. The extension allows the company time to regain compliance with Nasdaq Listing Rule 5550(b). The panel also confirmed that Momentus has regained compliance with the minimum bid price requirement of $1.00 per share following a reverse stock split executed on December 12, 2024.

The U.S. commercial space company's CEO, John Rood, expressed gratitude for the panel's decision and confidence in the company's ability to raise capital and grow, citing their technology and capabilities in the space economy.

Momentus (NASDAQ: MNTS) has closed its previously announced 'reasonable best efforts' offering with a single institutional investor. The offering includes 800,000 shares of common stock and warrants to purchase up to 800,000 additional shares at a combined price of $6.20 per share and accompanying warrant, raising approximately $5 million in gross proceeds.

The warrants have an exercise price of $6.08 per share, are immediately exercisable, and will expire in five years. The company plans to use the net proceeds for general corporate purposes, including debt repayment. A.G.P./Alliance Global Partners served as the sole placement agent for the offering.