Momentus Grants Inducement Award to One New Employee
November 20 2023 - 4:17PM
Business Wire
Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a
U.S. commercial space company that offers satellite buses,
transportation and other in-space infrastructure services, today
announced the granting of an inducement award to one new employee.
In accordance with NASDAQ Listing Rule 5635(c)(4), the award was
approved by Momentus’ Compensation Committee and made as a material
inducement to such employee's entry into employment with the
Company.
In connection with the commencement of the employee’s
employment, such employee received 580 restricted stock units
(RSUs) on November 20, 2023, with a total value of approximately
$1,786.40 based on a price of $3.08 per share, the closing trading
price on the Nasdaq Global Select Market on November 17, 2023.
The RSUs have a four-year annual vesting schedule, subject to
such employee's continued service with Momentus on the applicable
vesting date.
About Momentus Inc.
Momentus is a U.S. commercial space company that offers
commercial satellite buses and in-space infrastructure services,
including in-space transportation, hosted payloads, and in-orbit
services.
Forward-Looking Statements
This press release contains certain statements which may
constitute “forward-looking statements” within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include, but are not
limited to, statements regarding Momentus or its management team’s
expectations, hopes, beliefs, intentions or strategies regarding
the future, projections, forecasts or other characterizations of
future events or circumstances, including any underlying
assumptions, and are not guarantees of future performance. The
words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,”
“could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,”
“plan,” “possible,” “potential,” “aim,” “strive,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions.
Because forward-looking statements relate to the future, they
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of Momentus’ control. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: the
ability of the Company to generate revenue and raise capital in
order to continue as a going concern; the ability of the Company to
obtain licenses and government approvals for its missions, which
are essential to its operations; the ability of the Company to
effectively market and sell satellite transport services and
planned in-orbit services; the ability of the Company to protect
its intellectual property and trade secrets; the development of
markets for satellite transport and in-orbit services; the ability
of the Company to develop, test and validate its technology,
including its water plasma propulsion technology; delays or
impediments that the Company may face in the development,
manufacture and deployment of next generation satellite transport
systems; the ability of the Company to convert backlog or inbound
inquiries into revenue; changes in applicable laws or regulations
and extensive and evolving government regulations that impact
operations and business, including export control license
requirements; the ability to attract or maintain a qualified
workforce with the required security clearances and requisite
skills; product service or product or launch failures or delays
that could lead customers to use competitors’ services;
investigations, claims, disputes, enforcement actions, litigation
and/or other regulatory or legal proceedings; the Company’s ability
to comply with the terms of its National Security Agreement and any
related compliance measures instituted by the director who was
approved by the CFIUS Monitoring Agencies; the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors; and/or other risks and uncertainties.
These are only some of the factors that may affect the
forward-looking statements contained in this press release. For a
discussion identifying additional important factors that could
cause actual results to differ materially from those anticipated in
the forward-looking statements, see the company’s filings with the
U.S. Securities and Exchange Commission including, but not limited
to, “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2022.
The Company’s filings may be accessed through the Investor
Relations page of its website, investors.momentus.space, or through
the website maintained by the SEC at www.sec.gov. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and, except as required by law, the Company assumes no obligation
and does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231120831815/en/
For media inquiries: press@momentus.space For investor
relations inquiries: investors@momentus.space
Momentus (NASDAQ:MNTS)
Historical Stock Chart
From Apr 2024 to May 2024
Momentus (NASDAQ:MNTS)
Historical Stock Chart
From May 2023 to May 2024