Momentus terminates $50M equity purchase agreement with Yield Point NY

Momentus Inc. (NASDAQ: MNTS) terminated an Equity Purchase Agreement with Yield Point NY LLC on August 21, 2026, according to a company statement.

The agreement, originally entered into on September 25, 2025, and later amended on December 23, 2025, had provided Momentus the right to direct the investor to purchase up to $50,000,000 in shares of the company's Class A common stock, subject to certain terms and conditions.

Momentus stated that it had not utilized the agreement and terminated it because it does not intend to use the facility in the future. The company did not incur any early termination penalties as a result of the termination.

The termination was executed under Section 10.6 of the agreement, which permits the company to terminate for any reason following the effectiveness of the related resale registration statement.

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