Momentus Announces $5M Private Placement with Institutional Investor.

Momentus Inc. has priced a $5.0 million private placement with a single institutional investor, selling 925,926 shares of common stock and warrants to purchase up to 925,926 shares at an effective combined price of $5.40 per share. The offering is priced at-the-market under Nasdaq rules, and the company expects to receive gross proceeds of approximately $5.0 million before deducting placement agent fees and other offering expenses.