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Momentus Inc. (NASDAQ: MNTS) received a notice of non-compliance from Nasdaq due to the delayed filing of its Form 10-K for the year ended December 31, 2023. The company has 60 days to file the form or submit a compliance plan. Failure to comply may lead to delisting.
Momentus Inc. (NASDAQ: MNTS) ha ricevuto un avviso di non conformità da Nasdaq a causa del ritardo nella presentazione del suo modulo 10-K per l'anno terminato il 31 dicembre 2023. L'azienda ha 60 giorni per presentare il modulo o inviare un piano di conformità. L'inosservanza potrebbe portare alla cancellazione dalla lista.
Momentus Inc. (NASDAQ: MNTS) recibió una notificación de incumplimiento de Nasdaq debido al retraso en la presentación de su Formulario 10-K para el año finalizado el 31 de diciembre de 2023. La compañía tiene 60 días para presentar el formulario o enviar un plan de cumplimiento. El incumplimiento podría resultar en la deslista.
Momentus Inc. (NASDAQ: MNTS)는 2023년 12월 31일로 끝나는 해의 Form 10-K 제출이 지연되었다는 이유로 나스닥으로부터 비준수 통지를 받았습니다. 회사는 해당 양식을 제출하거나 준수 계획을 제출하기 위해 60일의 기간이 주어집니다. 준수하지 않을 경우 상장 폐지될 수 있습니다.
Momentus Inc. (NASDAQ : MNTS) a reçu un avis de non-conformité de la part du Nasdaq en raison du retard dans le dépôt de son formulaire 10-K pour l'exercice clos le 31 décembre 2023. L'entreprise dispose de 60 jours pour déposer le formulaire ou soumettre un plan de conformité. Le non-respect pourrait conduire à une radiation.
Momentus Inc. (NASDAQ: MNTS) hat eine Mitteilung über Nichtkonformität von Nasdaq erhalten, weil sie ihre Form 10-K für das am 31. Dezember 2023 beendete Jahr verspätet eingereicht haben. Das Unternehmen hat 60 Tage Zeit, das Formular einzureichen oder einen Konformitätsplan vorzulegen. Ein Versäumnis kann zur Streichung von der Liste führen.
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Failure to file the Form 10-K within the specified timeline may result in Nasdaq delisting Momentus' common stock, impacting its trading status and market perception.
SAN JOSE, Calif.--(BUSINESS WIRE)--
Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it received formal notice (the “Notice”) from the Nasdaq Capital Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) its Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). The Notice has no immediate impact on the listing of the Company’s common stock on Nasdaq, and the Company’s listing remains fully effective.
The Company has 60 calendar days from the date of the Notice, or until June 17, 2024, to file the Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-K, or until October 14, 2024, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel.
The Company’s objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-K with the Commission as soon as it completes the preparation and review of its financial statements for the year ended December 31, 2023.
About Momentus Inc.
Momentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected closing of the offering and fulfillment of customary closing conditions, Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 8, 2023, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
as a first-mover in building in-space transportation and infrastructure technology, momentus is at the forefront of the commercialization of space. with an experienced team of aerospace, propulsion, and robotics engineers, momentus has developed a cost-effective and energy-efficient in-space transport system based on plasma water propulsion technology. momentus has in-place service agreements with lockheed martin, nasa, and various other private satellite companies, government agencies, and research organizations, and its first vigoride™ transport system launch is scheduled for december 2020.
