STOCK TITAN

Momentus Inc. (NASDAQ: MNTS) sets 1-for-17.85 reverse split to satisfy $1.00 bid rule

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

Rhea-AI Filing Summary

Momentus Inc. approved a 1-for-17.85 reverse stock split of its Class A common stock to help satisfy Nasdaq’s $1.00 minimum bid price requirement for continued listing. The split will be effective as of 5:00 p.m. Eastern Time on December 17, 2025, with MNTS shares beginning to trade on a split-adjusted basis on December 18, 2025.

Each stockholder’s shares will be automatically consolidated so that every 17.85 pre-split shares become one post-split share, with fractional amounts rounded up to a whole share. As of December 1, 2025, 24,939,640 shares of common stock were outstanding; after the split, this will be approximately 1,397,179 shares, while ownership percentages and voting power remain virtually unchanged. All outstanding options, warrants, convertible securities and equity plan awards will be adjusted proportionally, and the company also disclosed it has cancelled its 2025 Special Meeting of Stockholders due to lack of quorum.

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Insights

Reverse split consolidates MNTS shares to support Nasdaq listing while leaving ownership stakes largely unchanged.

Momentus Inc. is implementing a reverse stock split at a 1-for-17.85 ratio, effective at 5:00 p.m. Eastern Time on December 17, 2025, with split-adjusted trading beginning on December 18, 2025. The move is explicitly aimed at meeting Nasdaq’s $1.00 minimum bid price requirement for continued listing, addressing the issue through share consolidation rather than changes in underlying operations.

Outstanding common shares will decline from 24,939,640 as of December 1, 2025 to approximately 1,397,179 after the split, but each investor’s proportional ownership and voting power are described as remaining virtually the same, aside from rounding. Equity-linked instruments such as options, warrants, convertible securities and restricted stock units will be adjusted so that both share counts and exercise or conversion prices move in lockstep with the 17.85 factor. The company also noted the cancellation of its 2025 Special Meeting of Stockholders due to lack of quorum, indicating that planned stockholder actions at that meeting will not proceed as originally scheduled.


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
 
December 15, 2025
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.)

3901 N. First Street
San Jose, California
 
95134
(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 3.03
Material Modification to Rights of Security Holders

On December 3, 2025, the Board of Directors (the “Board”) of Momentus Inc., a Delaware corporation (the “Company”) approved a reverse stock split of the Company’s issued and outstanding shares of Class A Common Stock, $0.00001 par value per share (the “Common Stock”), at a ratio of 1-for-17.85 (the “Reverse Stock Split”). The Reverse Stock Split will be effective as of 5:00 p.m. Eastern Time on Wednesday, December 17, 2025 (the “Effective Date”), with the Common Stock trading on the Nasdaq Capital Market on a reverse-split adjusted basis under the Company’s existing trading symbol, “MNTS,” at the market open on Thursday, December 18, 2025.

Reason for the Reverse Stock Split

The Company is effecting the Reverse Stock Split to satisfy the $1.00 minimum bid price requirement, as set forth in Listing Rule 5450(a)(1) (the “Minimum Bid Requirement”), for continued listing on the Nasdaq Stock Market LLC (“Nasdaq”) exchange.

Effects of the Reverse Stock Split

Effective Date; Symbol; CUSIP Number. The Reverse Stock Split becomes effective with Nasdaq and the Common Stock will begin trading on a split-adjusted basis at the open of business on the day following the Effective Date. In connection with the Reverse Stock Split, the CUSIP number for the Common Stock will change to 60879E408. The trading symbol for the Company, MNTS, will not be changed.

Split Adjustment; Treatment of Fractional Shares. On the Effective Date, the total number of shares of Common Stock held by each stockholder of the Company will be converted automatically into (i) the number of issued and outstanding shares of Common Stock held by each such stockholder immediately prior to the Reverse Stock Split divided by (ii) seventeen and eighty-five hundredths (17.85). Any fractional share of Common Stock that would otherwise result from the Reverse Stock Split will be rounded to a whole share and, as such, any stockholder who otherwise would have held a fractional share after giving effect to the Reverse Stock Split will instead hold one whole share of the post‑Reverse Stock Split Common Stock after giving effect to the Reverse Stock Split. As a result, no fractional shares will be issued in connection with the Reverse Stock Split and no cash or other consideration will be paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split. The Company intends to treat stockholders holding shares of Common Stock in “street name” (that is, held through a bank, broker or other nominee) in the same manner as stockholders of record whose shares of Common Stock are registered in their names. Banks, brokers or other nominees will be instructed to effect the Reverse Stock Split for their beneficial holders holding shares of our Common Stock in “street name;” however, these banks, brokers or other nominees may apply their own specific procedures for processing the Reverse Stock Split.

Also on the Effective Date, all options, warrants and other convertible securities of the Company outstanding immediately prior to the Reverse Stock Split will be adjusted by dividing the number of shares of Common Stock into which the options, warrants and other convertible securities are exercisable or convertible by 17.85 and multiplying the exercise or conversion price thereof by seventeen and eighty-five hundredths (17.85), all in accordance with the terms of the plans, agreements or arrangements governing such options, warrants and other convertible securities and subject to rounding to the nearest whole share. Such proportional adjustments will also be made to the number of shares and restricted stock units issued and issuable under the Company’s equity compensation plan.

Certificated and Non-Certificated Shares. Stockholders who are holding their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Reverse Stock Split will automatically be reflected in their brokerage accounts.


After the Reverse Stock Split becomes effective, stockholders holding paper certificates may (but are not required to) send the certificates to the Company’s transfer agent and registrar, Continental Stock Transfer & Trust Company (“Continental”) at the address set forth below. Continental will issue a new stock certificate reflecting the Reverse Stock Split to each requesting stockholder. Continental can be contacted at (212) 509-4000 and (800) 509‑5586.

Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, New York 10004

Certificate of Amendment. The Company will effect the Reverse Stock Split pursuant to the Company’s filing of a certificate of amendment to the Company’s certificate of incorporation (the “Certificate”) with the Delaware Secretary of State effective 5:00 p.m. Eastern Time, on December 17, 2025, in accordance with Delaware law. A copy of the Certificate is attached hereto as Exhibit 3.1 and is incorporated herein by reference.

Stockholder Approval. At the Company’s Special Meeting held on September 17, 2025, the stockholders approved a proposal to grant the Board of Directors discretion to implement a reverse stock split in a range of one‑for‑five (1‑for‑5) up to one-for-seventeen and eighty-five hundredths (1-for-17.85). As such the Reverse Stock Split was approved in accordance with Delaware law.

Capitalization. As of December 1, 2025, there were 24,939,640 shares of Common Stock outstanding. As a result of the Reverse Stock Split, there will be approximately 1,397,179 shares of Common Stock outstanding (subject to adjustment due to the effect of rounding fractional shares into whole shares). The Reverse Stock Split will not have any effect on the stated par value of the Common Stock. The total number of the Company’s authorized shares of Common Stock and Preferred Stock shall not be affected by the foregoing.

Immediately after the Reverse Stock Split, each stockholder’s relative ownership in the interest in the Company and proportional voting power will remain virtually unchanged except for minor changes and adjustments that will result from rounding fractional shares into whole shares.

Item 5.03
Amendments to Articles of Incorporation or Bylaws

The information set forth in Item 3.03 of this Current Report on Form 8-K with respect to the Company’s certificate of amendment to the Company’s certificate of incorporation effecting the Reverse Stock Split is incorporated by reference into Item 5.03 of this Current Report on Form 8-K.

Item 8.01
Other Events.

On December 15, 2025, the Company issued a press release, a copy of which is furnished as Exhibit 99.2 hereto and incorporated by reference into this Item 8.01, announcing that the Company has cancelled its 2025 Special Meeting of Stockholders (the “Special Meeting”), which was originally scheduled to be held on November 24, 2025, but was adjourned to December 15, 2025 due to lack of quorum.

Item 9.01
Financial Statements and Exhibits.

(d) Exhibits


Exhibit Number

Exhibit Description
 
 
3.1

Form of Third Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of Momentus Inc.
 
 
99.1

Press Release, dated December 15, 2025, issued by the Company.
 
 
99.2

Press Release, dated December 15, 2025, issued by the Company.
 
 
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:
December 15, 2025
     



FAQ

What reverse stock split did Momentus Inc. (MNTS) approve?

Momentus Inc. approved a reverse stock split of its Class A common stock at a ratio of 1-for-17.85, meaning every 17.85 pre-split shares will become one post-split share.

When will MNTS begin trading on a reverse-split-adjusted basis?

The reverse stock split becomes effective at 5:00 p.m. Eastern Time on December 17, 2025, and MNTS shares will begin trading on a split-adjusted basis on December 18, 2025.

How does the Momentus reverse stock split affect shares outstanding and ownership?

As of December 1, 2025, there were 24,939,640 shares of common stock outstanding. After the 1-for-17.85 reverse split, this will be approximately 1,397,179 shares, while each stockholder’s relative ownership and proportional voting power are described as remaining virtually unchanged.

How will Momentus handle fractional shares in the reverse stock split?

Any fractional share that would result from the 1-for-17.85 reverse stock split will be rounded to a whole share. No fractional shares will be issued, and no cash or other consideration will be paid for fractional amounts.

What happens to Momentus options, warrants and other equity awards after the reverse split?

All outstanding options, warrants, convertible securities and restricted stock units will be adjusted so the number of underlying shares is divided by 17.85 and the related exercise or conversion price is multiplied by 17.85, with amounts rounded to the nearest whole share.

Why is Momentus implementing a reverse stock split?

The company states it is effecting the reverse stock split to satisfy Nasdaq’s $1.00 minimum bid price requirement for continued listing on the exchange.

Why did Momentus cancel its 2025 Special Meeting of Stockholders?

Momentus disclosed that its 2025 Special Meeting of Stockholders, originally scheduled for November 24, 2025 and adjourned to December 15, 2025, was cancelled due to lack of quorum.

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