Momentus (MNTS) said Tuesday it priced a securities offering for the sale of 800,000 common shares and warrants at $6.20 apiece to an investor.
The warrants will be immediately exercisable at $6.08 per share and expire five years from the issuance date, the company said.
Expected gross proceeds of about $5 million will be used for general corporate purposes, said the company, which expects the offering to close around Wednesday.
The shares of Momentus were down 2.5% in recent trading.
Price: 7.65, Change: -0.20, Percent Change: -2.49
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