Momentus prices $25 million stock offering with institutional investors

Momentus Inc. (NASDAQ: MNTS) announced it has entered into securities purchase agreements with institutional investors for a registered direct offering of 1,851,852 shares of common stock. The offering is priced at-the-market under Nasdaq rules and is expected to generate gross proceeds of approximately $25 million before deducting placement agent fees and other expenses.

The closing of the offering is expected to occur on or about June 15, 2026, subject to customary closing conditions. The company stated it intends to use net proceeds for working capital and general corporate purposes.

A.G.P./Alliance Global Partners is serving as the sole placement agent for the offering. The securities are being offered under an effective shelf registration statement on Form S-3 that became effective on June 4, 2026.

Momentus describes itself as a commercial space company that provides satellites, satellite components, and in-space transportation and infrastructure services. The company offers services including hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and satellite transportation to specific orbits.

The information is based on a company press release statement.

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