Momentus Inc. (NASDAQ: MNTS) announced it entered into a securities purchase agreement with an institutional investor for a private placement of 1,333,334 shares of common stock at $3.75 per share, generating approximately $5 million in gross proceeds before fees and expenses.

The space company said the offering is priced at-the-market under Nasdaq rules and expects to close on or about April 15, 2026, subject to customary closing conditions. Momentus plans to use the net proceeds for working capital and general corporate purposes.

A.G.P./Alliance Global Partners is serving as the sole placement agent for the transaction. The securities are being sold under an exemption from registration requirements under the Securities Act of 1933 and applicable state securities laws.

Under the purchase agreement, Momentus agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the shares sold in the offering.

Momentus provides satellite solutions, in-space transportation, and orbital infrastructure services to government and commercial customers. The company offers satellites for communications, missile tracking, and science missions, as well as services including hosted payloads, in-space assembly support, on-orbit servicing and refueling, and satellite transportation to specific orbits.