Momentus Inc. Files for IPO

TL;DR

Momentus Inc. is filing for an IPO, get ready for space race 2.0!

AI Summary

Momentus Inc. filed an S-1 registration statement on December 11, 2024, for its initial public offering. The company, formerly known as Stable Road Acquisition Corp. until June 28, 2019, is based in San Jose, California, and operates in the guided missiles & space vehicles sector. The filing indicates a registration number of 333-283727 and an IRS Employer Identification Number of 84-1905538.

Why It Matters

This S-1 filing signals Momentus Inc.'s intention to go public, which could provide significant capital for its space technology operations and impact the broader aerospace industry.

Risk Assessment

Risk Level: medium — As a company in the space industry, Momentus faces inherent risks related to technological development, regulatory hurdles, and market competition.

Key Numbers

• 333-283727 — SEC Registration Number (Identifies the specific registration statement filed with the SEC.)
• 84-1905538 — IRS EIN (Employer Identification Number for tax purposes.)

Key Players & Entities

• Momentus Inc. (company) — Registrant
• Stable Road Acquisition Corp. (company) — Former company name
• December 11, 2024 (date) — Filing date
• 3901 N. First Street San Jose, CA 95134 (location) — Principal executive offices
• John C. Rood (person) — Chief Executive Officer
• 333-283727 (registration_number) — SEC registration number
• 84-1905538 (tax_id) — IRS Employer Identification Number

FAQ

Key Financial Figures

• $0.00001 — ares of Class A common stock, par value $0.00001 per share (the "Common Stock"), or 1,10
• $0.5631 — ted sales price of our Common Stock was $0.5631 per share. We are an "emerging growth
• $1.00 — ment to maintain a minimum bid price of $1.00 per share (the "Minimum Bid Price Requi
• $5,000,000 — equity initial listing requirements of $5,000,000 for Nasdaq, as set forth under Nasdaq L
• $2,500,000 — as a result of not having a minimum of $2,500,000 in stockholders' equity for continued l
• $35 m — value of listed securities of at least $35 million, or net income from continuing op
• $500,000 — et income from continuing operations of $500,000 in the most recently completed fiscal y
• $23.1 million — d by the Company's incurred net loss of $23.1 million for the nine months ended September 30,
• $396.1 million — er 30, 2024, and accumulated deficit of $396.1 million as of September 30, 2024. Additionally,
• $10.9 million — itionally, the Company used net cash of $10.9 million to fund its operating activities for th
• $0.8 million — 4, and had cash and cash equivalents of $0.8 million as of September 30, 2024. Pursuant to

Filing Documents

• ny20039820x1_s1.htm (S-1) — 330KB
• ny20039820x1_ex23-1.htm (EX-23.1) — 2KB
• ny20039820x1_ex23-2.htm (EX-23.2) — 2KB
• ny20039820x1_ex107.htm (EX-FILING FEES) — 16KB
• logo_momentus.jpg (GRAPHIC) — 51KB
• logo_momentusx1.jpg (GRAPHIC) — 32KB
• ny20039820x1_ex23-2image01.jpg (GRAPHIC) — 22KB
• 0001140361-24-048959.txt ( ) — 495KB

USE OF PROCEEDS

USE OF PROCEEDS 9 SELLING STOCKHOLDER 10 PLAN OF DISTRIBUTION 12 LEGAL MATTERS 14 EXPERTS 15 WHERE YOU CAN FIND MORE INFORMATION 16 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 17 i TABLE OF CONTENTS ABOUT THIS PROSPECTUS You should rely only on the information provided in this prospectus, as well as the information incorporated by reference into this prospectus and any applicable prospectus supplement. Neither we nor the Selling Stockholder have authorized anyone to provide you with different information. Neither we nor the Selling Stockholder are making an offer of these securities in any jurisdiction where the offer is not permitted. You should not assume that the information in this prospectus, any applicable prospectus supplement or any documents incorporated by reference is accurate as of any date other than the date of the applicable document. Since the date of this prospectus and the documents incorporated by reference into this prospectus, our business, financial condition, results of operations and prospects may have changed. You should read this prospectus and the related exhibits filed with the SEC, together with the additional information described under the headings " Where You Can Find More Information " and " Incorporation of Certain Information by Reference " before making your investment decision. We are responsible for the information contained in this prospectus. We have not, and the Selling Stockholder have not, authorized anyone to provide you with different information, and we take no, and the Selling Stockholder take no, responsibility for any other information others may give you. If anyone provides you with different or inconsistent information, you should not rely on it. We are not, and the Selling Stockholder are not, making an offer to sell the Warrant Shares in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus is accura

View Full Filing

View this S-1 filing on SEC EDGAR