STOCK TITAN

Momentus (NASDAQ: MNTS) raises $25M in registered direct stock sale

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Momentus Inc. completed a registered direct offering of 1,851,852 shares of Class A common stock at $13.50 per share, raising approximately $25.0 million in gross proceeds. The company plans to use the cash for working capital and general corporate purposes.

The shares were issued off an effective Form S-3 shelf, with A.G.P./Alliance Global Partners acting as placement agent. Momentus agreed to short-term restrictions on additional equity issuance and its executives and directors signed 30-day lock-up agreements. A.G.P. received cash fees and equity warrants as compensation.

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Insights

Momentus raises $25M via registered direct equity deal with short-term issuance limits.

Momentus sold 1,851,852 common shares at $13.50 each for gross proceeds of about $25.0 million. The transaction was structured as a registered direct offering off an effective Form S-3 shelf, with institutional investors and at-the-market pricing under Nasdaq rules.

A.G.P./Alliance Global Partners acted as placement agent, earning a 7.0% cash fee on gross proceeds and receiving warrants for 92,592 shares at a $14.85 exercise price. These warrants become exercisable 180 days after sales commence and expire five years later, creating a modest additional equity overhang tied to future market conditions.

The company intends to use net proceeds for working capital and general corporate purposes, which can strengthen liquidity. In return, Momentus agreed to a 10-day general issuance standstill and a 30-day prohibition on variable rate transactions, while executives and directors entered 30-day lock-up agreements, signaling near-term stability in insider selling activity.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Shares issued 1,851,852 shares Class A common stock in registered direct offering
Offering price $13.50 per share Price for each share of common stock
Gross proceeds $25.0 million Aggregate gross proceeds before fees and expenses
Placement fee rate 7.0% Cash fee paid on aggregate gross proceeds
Placement agent warrants 92,592 shares Warrants issued to placement agent
Warrant exercise price $14.85 per share Exercise price of placement agent warrants
No-issuance period 10 days Restriction on additional equity issuance after closing
Variable rate restriction 30 days Ban on variable rate equity transactions after closing
registered direct offering financial
"consummated a registered direct offering (the “Offering”) of an aggregate of 1,851,852 shares"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
shelf registration statement regulatory
"offered and sold pursuant to the Company’s shelf registration statement on Form S-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
lock-up agreement financial
"each of the Company’s executive officers and directors entered into a lock-up agreement"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
Variable Rate Transaction financial
"involving a Variable Rate Transaction (as defined in the Purchase Agreement) for a period of thirty (30) days"
placement agent financial
"A.G.P./Alliance Global Partners (“A.G.P.” or the “Placement Agent”)"
A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

June 11, 2026
Date of Report (date of earliest event reported)

Momentus Inc.
(Exact name of registrant as specified in its charter)

Delaware
001-39128
84-1905538
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)

1762 Automation Parkway
San Jose, California
 
95131
(Address of Principal Executive Offices)
 
(Zip Code)

(650) 564-7820
Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to section 12(g) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A common stock
MNTS
The Nasdaq Stock Market LLC
Warrants
MNTSW
The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01
Entry into a Material Definitive Agreement.

On June 15, 2026 (the “Closing Date”), Momentus Inc., a Delaware corporation (the “Company”) consummated a registered direct offering (the “Offering”) of an aggregate of 1,851,852 shares (the “Shares”) of Class A common stock, par value $0.00001 per share (the “Common Stock”). The price for each Share was $13.50.

The Company received aggregate gross proceeds from the Offering of approximately $25.0 million, before deducting placement agents’ fees and other offering expenses. The Company intends to use the proceeds of the Offering for general corporate purposes.

The Shares were offered and sold pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333‑296218), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 4, 2026. The Company filed a prospectus supplement on June 15, 2026 with the SEC in connection with the offer and sale of the Shares in the Offering. The legal opinion of Bradley Arant Boult Cummings LLP relating to the Shares issued in the Offering is filed as Exhibit 5.1 to this Current Report on Form 8-K.

The Securities Purchase Agreement

In connection with the Offering, on June 11, 2026, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with multiple institutional investors (collectively, the “Investors”), pursuant to which the Company agreed not to effect or enter into an agreement to effect any issuance by the Company or any of its subsidiaries of shares of Common Stock or Common Stock equivalents for a period of ten (10) days after the Closing Date and will not effect or enter into an agreement to effect any issuance by the Company or any of its subsidiaries of shares of Common Stock or Common Stock Equivalents (or a combination of units thereof) involving a Variable Rate Transaction (as defined in the Purchase Agreement) for a period of thirty (30) days after the Closing Date, subject to certain exceptions.

Pursuant to the Purchase Agreement, each of the Company’s executive officers and directors entered into a lock-up agreement with the Placement Agent (as defined below) providing that each such person, for a period of thirty (30) days from the Closing Date, may not, subject to customary exceptions, offer, issue, sell, transfer or otherwise dispose of the Company’s securities without the prior written consent of the Placement Agent.

The Purchase Agreement also contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company or the purchasers in the Offering, other obligations of the parties and termination provisions.

The foregoing does not purport to be a complete description of the Purchase Agreement and is qualified in its entirety by reference to the full text of such document, which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

The Placement Agency Agreement

Also, in connection with the Offering, on June 11, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (“A.G.P.” or the “Placement Agent”), pursuant to which the Placement Agent agreed to act as Placement Agent on a reasonable “best efforts” basis in connection with the Offering. As part of its compensation for acting as Placement Agent for the private placement, the Company paid the Placement Agent a cash fee of 7.0% of the aggregate gross proceeds and issued to the Placement Agent warrants to purchase 92,592 shares of Common Stock (the “Placement Agent Warrants”) at an exercise price of $14.85 per share, which are exercisable 180 days from the date of commencement of sales of the Offering and expire five years from such date.


The above summary of the Placement Agency Agreement and the Placement Agent Warrants does not purport to be complete and is qualified in its entirety by reference to such applicable agreements, copies of which are attached as Exhibits 1.1 and 4.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 7.01
Regulation FD Disclosure.

On June 12, 2026, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

This information and the information contained in Exhibit 99.1 is furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in any such filing, regardless of any general incorporation language in the filing.

The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in its expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.

Item 9.01
Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number
 
Exhibit Description
     
1.1
 
Form of Placement Agency Agreement
     
4.1
 
Form of Placement Agent Warrant
     
5.1
 
Opinion of Bradley Arant Boult Cummings LLP
     
10.1
 
Form of Securities Purchase Agreement
     
23.1
 
Consent of Bradley Arant Boult Cummings LLP (included in Exhibit 5.1)
     
99.1   Press Release, dated June 12, 2026, issued by Momentus Inc. announcing the pricing of the registered direct offering
     
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
By:
 
/s/ Lon Ensler
 
   
Name:
 
Lon Ensler
   
Title:
 
Chief Financial Officer
Dated:
June 15, 2026
     




Exhibit 99.1

Momentus Announces Pricing of a $25 Million Registered Direct Offering of Common Stock Priced At-The-Market Under Nasdaq Rules with New and Existing Fundamental Institutional Investors

SAN JOSE, Calif. (BUSINESS WIRE) — June 12, 2026 — Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”) a leading U.S. commercial space firm specializing in satellite solutions, in-space transportation, and orbital infrastructure, today announced that it has entered into securities purchase agreements with new and existing long term institutional investors for the purchase and sale of 1,851,852 shares of its common stock in a registered direct offering priced at-the-market under Nasdaq rules (the “Offering”). The gross proceeds from the Offering are expected to be approximately $25 million, before deducting placement agent fees and other estimated Offering expenses.

The closing of the Offering is expected to occur on or about June 15, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.

A.G.P./Alliance Global Partners is acting as sole placement agent for the Offering.

The securities described above are being offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-296218) which became effective on June 4, 2026. The Offering is being made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the Offering will be filed with the Securities and Exchange Commission (the “SEC”) and will be available on the SEC’s website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy  the securities described above, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.


About Momentus

Momentus is a U.S. commercial space company Offering satellites, satellite components, and in-space transportation and infrastructure services. The Company offers satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and transportation of satellites to specific orbits.

Forward-Looking Statements

This press release contains certain statements that 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, the intended use of proceeds and fulfillment of customary closing conditions. These statements reflect 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 31, 2026, as such factors may be updated from time to time in our other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://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.

Contact:

Investors: investors@momentus.space

Media: press@momentus.space


FAQ

What did Momentus Inc. (MNTS) announce in its June 2026 8-K?

Momentus Inc. announced a registered direct offering of 1,851,852 shares of common stock at $13.50 per share, raising approximately $25.0 million in gross proceeds for working capital and general corporate purposes.

How many shares did Momentus (MNTS) sell and at what price?

Momentus sold 1,851,852 shares of Class A common stock at $13.50 per share. This registered direct offering to institutional investors is expected to generate about $25.0 million in gross proceeds before fees and expenses.

What compensation did the placement agent receive in the Momentus (MNTS) offering?

A.G.P./Alliance Global Partners received a 7.0% cash fee on the aggregate gross proceeds and warrants for 92,592 shares of Momentus common stock, exercisable at $14.85 per share starting 180 days after sales commencement, expiring five years later.

How will Momentus Inc. (MNTS) use the $25 million offering proceeds?

Momentus intends to use the net proceeds from the approximately $25.0 million registered direct offering for working capital and general corporate purposes, supporting its operations, satellite solutions, and in-space transportation and infrastructure services.

What lock-up and issuance restrictions apply after the Momentus (MNTS) offering?

Momentus agreed not to issue additional common stock or equivalents for 10 days after closing, and to avoid variable rate transactions for 30 days. Executives and directors also signed 30-day lock-up agreements limiting sales of company securities.

Under which registration statement was the Momentus (MNTS) offering conducted?

The offering was conducted under Momentus’ Form S-3 shelf registration statement, File No. 333-296218, which was declared effective by the SEC on June 4, 2026, enabling the registered direct sale of common shares.

Filing Exhibits & Attachments

9 documents