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Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, SRACW) has called on stockholders to vote for the Extension Amendment Proposal, which extends the deadline for completing its business combination with Momentus Inc. from May 13, 2021, to August 13, 2021. The virtual Special Meeting is scheduled for May 6, 2021. Approval requires at least 65% of Class A and Class B shares. If not approved, the business combination cannot proceed. The firm highlights the stakes involved in this extension for stockholders and encourages early voting.
Momentus Inc. announced the addition of Darryl Genovesi as Vice President of Investor Relations and Jessica Pieczonka as Vice President of Communications, marking a significant expansion of its leadership team. The company has doubled its workforce in less than a year, now employing over 150 personnel, and continues to seek talent for engineering and administrative roles. These strategic hires are aimed at positioning Momentus to capitalize on growth opportunities in space infrastructure services and pave the way for becoming a public company.
Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, SRACW) urges stockholders to vote for the Extension Amendment Proposal, extending the deadline for a business combination with Momentus Inc. from May 13, 2021, to August 13, 2021. The Special Meeting is scheduled for May 6, 2021. Approval requires 65% of votes from Class A and B shareholders. Failure to approve could prevent the merger, although even with approval, the company cannot guarantee the merger will complete by the new date. ISS recommends voting 'FOR' this proposal.
Momentus Inc. has appointed Dawn Harms as interim CEO following the resignation of founding CEO Mikhail Kokorich. This leadership change aims to expedite the resolution of U.S. government national security concerns. Harms, with extensive experience in the space industry, will lead Momentus in achieving regulatory reviews and reaching operational targets. The company remains committed to cooperating with the U.S. government. Stable Road Acquisition Corp. is facilitating this transition as part of the merger process.
Momentus Inc. announced the rescheduling of its January 2021 mission to a later date to allow for FAA approval of its payloads. The Company has booked multiple launches with SpaceX from June to December 2021. Momentus reaffirms its expected 2021 revenue, as detailed in its December 2020 presentation, linked to its merger with Stable Road Acquisition Corp. (NASDAQ: SRAC), which remains on track to close in Q1 2021, subject to stockholder approvals and SEC conditions.