Momentus (MNTS) late Friday filed a registration document for the potential sale of up to 20.5 million shares from time to time by selling stockholders.
The selling stockholders cannot exercise the warrants if that increases their stake in the company by more than 9.99% of the outstanding common shares.
The filing includes 15 million shares underlying the warrants to be issued to Armistice Capital if it chooses to exercise Momentus warrants and 5 million shares underlying placement agent warrant. The preliminary prospectus also covers the potential sale of up to 500,000 shares owned by Alliance Global Partners.
Momentus will not receive any proceeds through the potential sales.
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