Momentus to Implement 1-for-14 Reverse Stock Split; Shares Fall After Hours

MT Newswires Live

2024/12/10

Momentus (MNTS) said late Monday it is implementing a 1-for-14 reverse split of its class A common shares, mainly to bring the company into compliance with the Nasdaq Global Select Market's $1 minimum bid price requirement for continued listing.

The commercial space company expects its shares to start trading on a split-adjusted basis on Friday.

Momentus shares were down nearly 6% in after-hours activity.

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