Momentus shares are trading higher after the company announced it was selected for a US Space Force SHIELD contract vehicle.

Momentus secures $3.7 million in gross proceeds through warrant inducement transaction for August 2025 warrants.

Momentus Inc., a top U.S. commercial space company, has disclosed its warrant inducement agreement with an institutional investor for the instant exercise of August 2025 warrants. The agreement involves the purchase of a maximum of 4,862,058 common stock shares. Momentus focuses on satellite solutions, in-space transportation, and orbital infrastructure.

Momentus Raises $3.7 Million Through Warrant Exercise and Issues New Warrants

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.

Momentus Selected for U.S. Space Force SHIELD Contract Vehicle

Momentus Inc. has been selected to participate in the U.S. Missile Defense Agency's SHIELD contract vehicle, allowing it to compete for future task orders in technology demonstrations and national defense missions. The SHIELD program, part of the Pentagon's Golden Dome initiative, has a potential 10-year contract ceiling of $151 billion. Momentus' Vigoride Orbital Service Vehicle may support the program's objectives.

Momentus Inc. Delays Quarterly Financial Report Filing

Momentus Inc. has delayed filing its Quarterly Report on Form 10-Q for the period ended September 30, 2025, to finalize the accounting treatment of certain warrants related to a recent equity purchase agreement. The company expects to file the report within the allowed extension period.