Momentus Inc. Files 8-K on Financials

TL;DR

Momentus filed an 8-K, expect an update on their financials soon.

AI Summary

Momentus Inc. filed an 8-K on September 6, 2024, to report on its results of operations and financial condition, as well as a Regulation FD disclosure. The filing does not contain specific financial figures or operational details within the provided text, but indicates a formal reporting event.

Why It Matters

This filing signals an official update from Momentus Inc. regarding its financial performance and operational status, which is crucial information for investors and stakeholders.

Risk Assessment

Risk Level: low — The filing is a standard disclosure and does not contain negative news or significant financial events.

Key Players & Entities

• Momentus Inc. (company) — Registrant
• September 6, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 001-39128 (identifier) — Commission File Number
• 84-1905538 (identifier) — I.R.S. Employer Identification No.
• 3901 N. First Street San Jose , California 95134 (address) — Principal Executive Offices
• 650 ) 564-7820 (phone_number) — Registrant's telephone number
• Stable Road Acquisition Corp. (company) — Former Company Name
• 20190628 (date) — Date of Name Change

FAQ

Key Financial Figures

• $1.0 million — 024, are expected to be in the range of $1.0 million to $2.0 million. selling, general and
• $2.0 million — d to be in the range of $1.0 million to $2.0 million. selling, general and administrative (
• $10.0 million — 024, are expected to be in the range of $10.0 million to $12.0 million. net loss for the six
• $12.0 million — to be in the range of $10.0 million to $12.0 million. net loss for the six months ended Jun
• $14.0 million — 2024, is expected to be in the range of $14.0 million to $16.0 million. cash and cash equiva
• $16.0 million — to be in the range of $14.0 million to $16.0 million. cash and cash equivalents as of June
• $1.5 million — 024, are expected to be in the range of $1.5 million to $2.0 million. As of September 4, 20
• $0.0001 — mpany's Class A Common Stock, par value $0.0001 per share, outstanding. The Company's
• $368,588 — ained a legal judgment in the amount of $368,588 plus interest and expenses related to c
• $1.65 million — he Company has borrowed an aggregate of $1.65 million pursuant to the secured convertible pro

Filing Documents

• ef20035605_8k.htm (8-K) — 48KB
• 0001140361-24-040320.txt ( ) — 225KB
• mnts-20240906.xsd (EX-101.SCH) — 4KB
• mnts-20240906_def.xml (EX-101.DEF) — 17KB
• mnts-20240906_lab.xml (EX-101.LAB) — 26KB
• mnts-20240906_pre.xml (EX-101.PRE) — 20KB
• ef20035605_8k_htm.xml (XML) — 6KB

02

Item 2.02 Results of Operations and Financial Condition. The information included under "Business Update" in Item 7.01 of this Current Report on Form 8-K (this "Current Report") with respect to preliminary financial results for Momentus Inc. (the "Company") for the six months ended June 30, 2024 is incorporated herein by reference. This information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition," and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in this Item 2.02, "Results of Operations and Financial Condition" of this Current Report shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as otherwise expressly set forth therein.

01

Item 7.01 Regulation FD Disclosure. Settlement of Derivative Litigation On August 26, 2024, an unopposed motion for the preliminary approval of settlement was filed after the Company reached an agreement in principle for a proposed settlement of certain shareholder derivative litigation. The Company is pleased to have reached this significant milestone with the plaintiffs. The Company anticipates that the terms of the settlement agreed to by the parties will be approved. The proposed settlement, as set forth more fully in the Stipulation and Agreement of Settlement filed with the court, requires the Company to adopt certain corporate governance reforms. The reforms must be maintained for a minimum period of four years. In return, the plaintiffs in the following derivative actions agreed to the dismissal of the respective derivative actions: On June 20, 2022, a shareholder derivative action was filed by Brian Lindsey, on behalf of the Company, in the U.S. District Court for the Central District of California, Case No. 2:22-cv-04212, against the Company (as a nominal defendant), SRAC, Brian Kabot, Juan Manuel Quiroga, James Norris, James Hofmockel, Mikhail Kokorich, Dawn Harms, Fred Kennedy, Chris Hadfield, Mitchel B. Kugler, Victorino Mercado, Kimberly A. Reed, Linda J. Reiners, and John C. Rood. On September 27, 2022, Plaintiff filed his Notice of Voluntary Dismissal without Prejudice seeking to dismiss the case. Because Plaintiff's dismissal of this derivative action was voluntary and without prejudice, this plaintiff and/or other shareholders may seek to re-file the claims asserted in this matter at a later date. As noted below, Brian Lindsey re-filed a shareholder derivative action in Delaware Chancery Court on June 30, 2023. On January 25, 2023, a shareholder derivative action was filed by Melissa Hanna, on behalf of the Company, in the U.S. District Court for the Northern District of California, Case No. 5:23-cv-00374, against the Company (as a nominal d

View Full Filing

View this 8-K filing on SEC EDGAR