Recent Updates — MNTS
Momentus Inc. terminated its Equity Purchase Agreement with Yield Point NY LLC effective August 21, 2026. The agreement allowed the company to direct the investor to purchase up to $50,000,000 in shares of Class A common stock. Momentus elected to terminate the facility because it does not intend to use it in the future and incurred no early termination penalties. The company had not utilized any portion of the agreement prior to termination. Momentus Inc. operates in the space infrastructure industry, providing transportation services for payloads to orbit.
Momentus Inc. dismissed Frank, Rimerman + Co. LLP as its independent registered public accounting firm effective August 11, 2026, and appointed Baker Tilly US, LLP as the new auditor following execution of an engagement agreement on August 12, 2026. The prior auditor's reports for fiscal years ended December 31, 2025, and 2024 contained no adverse opinions or qualifications regarding audit scope or accounting principles, though the 2024 report included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern. There were no disagreements with Frank, Rimerman on accounting matters during the relevant periods. The company previously remediated a material weakness in internal control over financial reporting related to misclassification errors as of December 31, 2025. Momentus Inc. operates in the space logistics industry, providing transportation and infrastructure services for payloads in low Earth orbit.
Momentus Inc. entered into a Sales Agreement with A.G.P./Alliance Global Partners to facilitate an at-the-market (ATM) offering of up to $75 million in aggregate principal amount of Class A common stock. The offering is being conducted through the Agent as the Company's sales agent. Momentus Inc. operates in the space technology and satellite services industry.
Momentus Inc. consummated a registered direct offering of 1,851,852 shares of Class A common stock at $13.50 per share, raising approximately $25.0 million in gross proceeds. The company entered into a securities purchase agreement with institutional investors and a placement agency agreement with A.G.P./Alliance Global Partners, which included a 7.0% cash fee and warrants to the agent. Momentus Inc. operates in the space technology industry, providing space infrastructure and services.