Momentus Inc. Amends 8-K Filing
Ticker: MNTSW · Form: 8-K/A · Filed: Dec 17, 2024 · CIK: 1781162
Sentiment: neutral
Topics: amendment, material-agreement, financials
TL;DR
Momentus filed an amendment to an 8-K, updating info on a material agreement and financials from Nov 30.
AI Summary
Momentus Inc. filed an 8-K/A on December 17, 2024, to amend a previous filing related to a material definitive agreement and financial statements. The amendment pertains to events occurring on November 30, 2024. The company, formerly known as Stable Road Acquisition Corp., is incorporated in Delaware and headquartered in San Jose, California.
Why It Matters
This amendment indicates a correction or addition to previously disclosed material information, which could impact investor understanding of the company's agreements or financial status.
Risk Assessment
Risk Level: medium — Amendments to SEC filings can signal that initial disclosures were incomplete or inaccurate, potentially affecting investor confidence.
Key Players & Entities
- Momentus Inc. (company) — Registrant
- Stable Road Acquisition Corp. (company) — Former company name
- November 30, 2024 (date) — Date of earliest event reported
- December 17, 2024 (date) — Filing date
- 3901 N. First Street, San Jose, California 95134 (address) — Principal Executive Offices
FAQ
What specific material definitive agreement is being amended?
The filing does not specify the exact material definitive agreement being amended, only that it is an amendment to Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.01 (Completion of Acquisition or Disposition of Assets) of a prior 8-K.
What financial statements are being amended or supplemented?
The filing indicates an amendment related to 'Financial Statements and Exhibits' but does not detail which specific financial statements are affected.
What was the original filing date that this 8-K/A amends?
The filing does not explicitly state the original filing date being amended, but it is an amendment to a previous 8-K filing concerning events as of November 30, 2024.
What is the significance of the 'Date As Of Change' being 20241217?
This date, 20241217, indicates the date on which the change or amendment to the filing was made and submitted to the SEC.
What is the SIC code for Momentus Inc.?
The Standard Industrial Classification (SIC) code for Momentus Inc. is 3760, which corresponds to GUIDED MISSILES & SPACE VEHICLES & PARTS.
Filing Stats: 1,149 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-12-17 08:01:03
Key Financial Figures
- $0.5715 — of the July 2024 Convertible Note from $0.5715 to the original conversion price of $0.
- $0.52908 — 715 to the original conversion price of $0.52908; and (ii) the number of warrants issued
- $1 million — orrowing date for the second tranche of $1 million in principal amount to December 2, 2024
- $3 million — , the Company has now borrowed the full $3 million in principal amount under the October 2
- $0.00001 — mpany's Class A common stock, par value $0.00001 (the "Common Stock") at any time. Previ
- $0 — Convertible Note remained unchanged at $0.52908, and the conversion price of amou
- $0.5292 — ertible Note also remained unchanged at $0.5292. In connection with the borrowing of t
Filing Documents
- ny20039820x5_8ka.htm (8-K/A) — 34KB
- 0001140361-24-049684.txt ( ) — 210KB
- mnts-20241130.xsd (EX-101.SCH) — 4KB
- mnts-20241130_def.xml (EX-101.DEF) — 17KB
- mnts-20241130_lab.xml (EX-101.LAB) — 26KB
- mnts-20241130_pre.xml (EX-101.PRE) — 20KB
- ny20039820x5_8ka_htm.xml (XML) — 6KB
01
Item 1.01 Entry into a Material Definitive Agreement On November 30, 2024, Momentus Inc. ("Momentus" or the "Company") entered into amendments to two outstanding convertible note agreements with Space Infrastructures Ventures, LLC ("SIV"). The amendments to the secured convertible promissory note dated October 24 2024, given by the Company in favor of SIV (as amended, the "October 2024 Convertible Note") accelerated the borrowing date for the second tranche of $1 million in principal amount to December 2, 2024, which borrowing date had previously been no earlier than December 22, 2024. Accordingly, the Company has now borrowed the full $3 million in principal amount under the October 2024 Convertible Note. The amendments also permitted SIV to reserve out of the proceeds of the second tranche under the October 2024 Convertible Note of approximately $ 670 thousand , representing the amount of principal and interest due from the Company to SIV on December 1, 2024, under the secured convertible promissory note dated July 12, 2024 by the Company in favor of SIV (as amended, the "July 2024 Convertible Note" and, together with the October 2024 Convertible Note, the "Convertible Notes"). The amendments to the Convertible Notes also provide SIV the option to convert all amounts outstanding under either Convertible Note into shares of the Company's Class A common stock, par value $0.00001 (the "Common Stock") at any time. Previously, the July 2024 Convertible Note only permitted conversion of interest when and as due, while the October 2024 Convertible Note only permitted conversion of outstanding amounts when and as due. The conversion price of amounts outstanding under the July 2024 Convertible Note remained unchanged at $0.52908, and the conversion price of amounts outstanding under the October 2024 Convertible Note also remained unchanged at $0.5292. In connection with the borrowing of the second tranche under the October 2024 Convertible Note, the Company issued to
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Description 10.1* First Amendment to Secured Convertible Promissory Note, dated July 12, 2024, by and between Space Infrastructures Ventures, LLC and Momentus Inc. 10.2* First Amendment to Secured Convertible Promissory Note, dated October 24, 2024, by and between Space Infrastructures Ventures, LLC and Momentus Inc. 104* Cover Page Interactive Data File (embedded within the Inline XBRL document) * Previously filed. 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/ Paul Ney Name: Paul Ney Dated: December 17, 2024 Title: Chief Legal Officer