Momentus Inc. (NASDAQ: MNTS) announced it has entered into securities purchase agreements with existing institutional investors for a $25 million private placement of common stock. The space company will sell 2,942,000 shares priced at-the-market under Nasdaq rules.

The offering is expected to close on or about May 28, 2026, subject to customary closing conditions. Momentus plans to use the net proceeds for working capital and general corporate purposes. Combined with existing capital, the company states it will have approximately $76 million in cash, cash equivalents, and short-term investments.

"We are pleased that our existing investors continue to support the company and our mission. We intend to use the proceeds for research and development, investment in strategic business initiatives and general corporate purposes," said John C. Rood, Chairman and Chief Executive Officer of Momentus.

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

Momentus has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the shares sold in the offering. The San Jose, California-based company provides satellite solutions, in-space transportation, and orbital infrastructure services.

The information is based on a company press release.