MOMENTUS INC. CL.A

Momentus has announced an "at-the-market" program to sell common stock worth up to $75 million through A.G.P./Alliance Global Partners. The volume equals almost half of the current market capitalization of about $163 million and comes as the company, despite 108% revenue growth, has recently been rapidly drawing down its cash. The shares will be offered under the existing S-3 prospectus; the offering is intended to raise additional capital alongside the company's recent financing measures. » More on de.investing.com

Momentus has announced a registered direct placement of 1,851,852 common shares as part of an at-the-market offering, from which gross proceeds of about $25 million are expected. The closing is targeted around June 15, 2026, and A.G.P./Alliance Global Partners is acting as sole placement agent. The company intends to use the net proceeds for working capital and general corporate purposes. After the announcement, the stock fell about 18% in premarket trading. » More on de.investing.com

Momentus sells 2.94 million common shares in a third private placement this year and receives roughly $25 million gross; after closing the company expects cash of about $76 million. The company recently said material doubts about its ability to continue as a going concern no longer exist. Operational losses are worsening (Q1 net loss $9.48 million) and the repeated placements dilute existing shareholders, while the stock is highly volatile amid a sector rally and expectations of a SpaceX IPO. » More on finanzen.net