Momentus Inc. Faces Delisting Notice

TL;DR

Momentus Inc. got a delisting warning from the exchange.

AI Summary

Momentus Inc. filed an 8-K on April 19, 2024, to report a notice of delisting or failure to satisfy continued listing rules. The company was formerly known as Stable Road Acquisition Corp. and is incorporated in Delaware.

Why It Matters

This filing indicates potential issues with Momentus Inc.'s compliance with stock exchange listing standards, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's continued trading on the exchange.

Key Numbers

• 001-39128 — SEC File Number (Identifies the company's filing history with the SEC.)
• 841905538 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Momentus Inc. (company) — Registrant
• Stable Road Acquisition Corp. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• April 17, 2024 (date) — Date of earliest event reported
• April 19, 2024 (date) — Filing date

FAQ

Filing Documents

• ef20027255_8k.htm (8-K) — 31KB
• ef20027255_ex99-1.htm (EX-99.1) — 7KB
• image00002.jpg (GRAPHIC) — 4KB
• 0001140361-24-020794.txt ( ) — 221KB
• mnts-20240417.xsd (EX-101.SCH) — 4KB
• mnts-20240417_def.xml (EX-101.DEF) — 17KB
• mnts-20240417_lab.xml (EX-101.LAB) — 26KB
• mnts-20240417_pre.xml (EX-101.PRE) — 20KB
• ef20027255_8k_htm.xml (XML) — 6KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 17, 2024, Momentus Inc. (the "Company") received a deficiency letter (the "Notice") from the Nasdaq Capital Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed with the U.S. Securities and Exchange Commission (the "Commission") its Form 10-K for the year ended December 31, 2023 (the "Form 10-K"). The Notice has no immediate impact on the listing of the Company's common stock on Nasdaq, and the Company's listing remains fully effective. The Company has 60 calendar days from the date of the Notice, or until June 17, 2024, to file the Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1) . If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-K, or until October 14, 2024, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company's common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. The Company's objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-K with the Commission as soon as it completes the preparation and review of its financial statements for the year ended December 31, 2023. On April 19, 2024, the Company issued a press release announcing its receipt of the Notice from Nasdaq. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 99.1 104 Press Release, dated April 19, 2024, issued by Momentus Inc. Cover Page Interactive Data File (formatting in Inline XBRL and contained in Exhibit 101) 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: April 19, 2024 Title: Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR