Momentus announced on December 4, 2024, that its Board approved a 1-for-14 reverse stock split to meet Nasdaq's $1.00 minimum bid price requirement. The split will reduce outstanding shares from approximately 30.6 million to 2.2 million. The company is currently appealing a Nasdaq delisting notice received after failing to regain compliance by September 23, 2024.The company also amended two convertible note agreements with Space Infrastructures Ventures (SIV). The amendments accelerated the second $1 million tranche borrowing to December 2, 2024, bringing total borrowing to $3 million under the October 2024 note. SIV can now convert all outstanding amounts to common stock at any time, with conversion prices set at $0.5715 for the July 2024 note and $0.5292 for the October 2024 note.In connection with the second tranche, Momentus issued warrants to SIV for approximately 1.9 million shares at $0.5292 per share. Both convertible notes and warrants include a 9.99% beneficial ownership limitation for SIV and its affiliates, subject to potential adjustment with company agreement.

Momentus announced on December 4, 2024, that its Board approved a 1-for-14 reverse stock split to meet Nasdaq's $1.00 minimum bid price requirement. The split will reduce outstanding shares from approximately 30.6 million to 2.2 million. The company is currently appealing a Nasdaq delisting notice received after failing to regain compliance by September 23, 2024.The company also amended two convertible note agreements with Space Infrastructures Ventures (SIV). The amendments accelerated the second $1 million tranche borrowing to December 2, 2024, bringing total borrowing to $3 million under the October 2024 note. SIV can now convert all outstanding amounts to common stock at any time, with conversion prices set at $0.5715 for the July 2024 note and $0.5292 for the October 2024 note.In connection with the second tranche, Momentus issued warrants to SIV for approximately 1.9 million shares at $0.5292 per share. Both convertible notes and warrants include a 9.99% beneficial ownership limitation for SIV and its affiliates, subject to potential adjustment with company agreement.