Momentus Prices $5M Registered Direct Offering Of 925,926 Shares And Warrants At A Combined Price Of $5.40

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 a securities purchase agreement with an existing single institutional investor for the purchase and sale of 925,926 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 925,926 shares of common stock at an effective combined price of $5.40 per share and common warrant for aggregate gross proceeds of approximately $5.0 million, before deducting placement agent fees and other offering expenses. The warrants will have an exercise price of $5.40 per share, will be exercisable immediately following receipt of shareholder approval and will expire five years from the initial exercise date.

The Company also has agreed that certain existing October 2025 warrants to purchase up to 418,465 shares of common stock and December 2025 warrants to purchase up to 408,576 shares of common stock both at an exercise price of $13.74 will be amended such that the warrants will have a reduced exercise price of $5.40 per share. The warrant amendment is subject to stockholder approval, and the warrants shall expire five years from the date stockholder approval is obtained. If the Company does not obtain stockholder approval at the first meeting, the Company shall call a meeting every six months thereafter to seek stockholder approval until the earlier of the date stockholder approval is obtained or the warrants are no longer outstanding.

The closing of the offering is expected to occur on or about January 6, 2026, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering for working capital and general corporate purposes.

A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with the offering.