Welcome to our dedicated page for Momentus news (Ticker: MNTS), a resource for investors and traders seeking the latest updates and insights on Momentus stock.
Momentus Inc (MNTS) pioneers next-generation space infrastructure through advanced in-orbit transportation and satellite servicing solutions. This page serves as the definitive source for verified news and official updates about the company’s technological advancements, strategic partnerships, and operational milestones.
Access real-time updates on MNTS’s plasma water propulsion innovations, service agreements with government and commercial entities, and progress in building scalable space infrastructure. Investors and industry observers will find curated press releases covering earnings announcements, mission deployments, and R&D breakthroughs.
Key focus areas include orbital transfer vehicle developments, Satellite-as-a-Service implementations, and collaborations shaping the new space economy. All content is rigorously verified to ensure accuracy and relevance for both technical experts and general audiences.
Bookmark this page for streamlined access to Momentus’s evolving role in space logistics, with updates organized chronologically for efficient tracking of company progress.
Momentus Inc. (NASDAQ: MNTS) has secured new funding through a convertible note and loan agreements to support operations and pursue funding opportunities. The company entered into a convertible note with Space Infrastructure Ventures, for up to $2.3 million, and received $500,000 in loans from directors and officers. These funds will support ongoing operations and new proposals submitted to the Space Development Agency and U.S. Space Force Space Systems Command.
Momentus successfully held its 2024 Annual Meeting of Stockholders, electing four Independent Directors to its Board. The company also resolved a previous Nasdaq deficiency regarding the Annual Meeting Requirement. Momentus is actively pursuing various government and commercial contracts, with decisions expected in the coming weeks and months.
Momentus (NASDAQ: MNTS), a U.S. commercial space company, announced it received a Nasdaq notification regarding non-compliance with Listing Rule 5250(c)(1) due to delayed filings of its Form 10-Q for the period ended March 31, 2024, and Form 10-K for the year ended December 31, 2023. This notification does not immediately affect the Company's Nasdaq listing. To regain compliance, Momentus has until June 17, 2024, to submit a compliance plan and potentially has up to October 14, 2024, to address the deficiencies. The Company aims to file the required forms within 60 days, negating the need for a formal compliance plan.
Momentus (NASDAQ: MNTS) has secured a contract from DARPA for the design and in-space demonstration of technologies under the NOM4D program to enable large-scale space structures. This initiative focuses on building structures like solar arrays and antennas directly in space using raw materials transported from Earth. Momentus will use its Vigoride Orbital Service Vehicle, known for its flexibility and payload capacity, to test these technologies. The collaboration aims to elevate the Technology Readiness Level (TRL) of these in-space manufacturing methods. CEO John Rood highlighted the significance of this partnership for advancing in-space infrastructure.
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