Momentus Raises $3.7 Million Through Warrant Exercise and Issues New Warrants
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Momentus Inc. has raised $3.7 million through a warrant inducement agreement with an institutional investor. The investor exercised warrants to purchase 4,862,058 shares at $0.77 each, and received new warrants for 7,293,087 shares, pending stockholder approval. Existing warrants will also have a reduced exercise price. The funds will be used for working capital and general corporate purposes.
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