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Momentus Enters Convertible Note And Loan Agreements To Support Operations And Pursuit Of Funding Opportunities

Author: Benzinga Newsdesk | July 18, 2024 05:33pm

Momentus also announced that it recently held its Annual Meeting of the Stockholders where four Independent Directors were elected to continue to serve on its Board.

On July 12, 2024, Momentus and Space Infrastructure Ventures, LLC, a firm that invests in disruptive high-tech/space-tech ventures, entered into a convertible note under which Momentus may borrow up to $2.3 million prior to September 1, 2024.

On July 5, 2024, Momentus received notice from the Nasdaq Stock Market LLC stating that following the Annual Meeting, the Company is in now compliance with the requirement to hold an annual meeting under Nasdaq Listing Rule 5620(a).

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