Summary by Futu AI
Momentus Inc. has filed an S-1 registration statement to register up to 1,217,593 shares of common stock for resale by selling stockholders. The shares include those issuable upon conversion of convertible notes and exercise of warrants issued in recent financing transactions.The company will not receive proceeds from the sale of these shares. The filing comes as Momentus faces Nasdaq listing compliance issues and seeks to raise capital to fund operations. The company recently completed a 1-for-14 reverse stock split and a $5 million public offering to address its financial position.Momentus, which offers satellite transportation and infrastructure services, noted in the filing that there is substantial doubt about its ability to continue as a going concern. The company is pursuing additional financing options but may need to significantly curtail operations if unable to raise sufficient capital.