Stable Road Stockholders Approve Extension of the Date to Consummate Proposed Business Combination with Momentus
May 13 2021 - 12:37PM
Business Wire
Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW)
(“Stable Road” or the “Company”) announced today that at the
special meeting of stockholders (the “Special Meeting”) held on May
13, 2021, the Company’s stockholders approved a proposal to extend
the deadline by which the Company has to consummate the proposed
business combination with Momentus Inc. (“Momentus”) from May 13,
2021 to August 13, 2021 (the “Extension Amendment Proposal”).
Brian Kabot, Chairman and Chief Executive Officer of Stable
Road, commented on the results of the meeting, “We are very pleased
by the overwhelming support for the Extension Amendment Proposal
exhibited by our stockholders, with approximately 66.2% of all
outstanding shares, and approximately 98.6% of shares that voted on
the proposal, being cast in favor of the proposal. We appreciate
our stockholders’ strong engagement and look forward to advancing
the proposed business combination with Momentus.”
About Stable Road
Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACW, SRACU) is a
special purpose acquisition company formed by SRC-NI Holdings, LLC,
an affiliate of Stable Road Capital, for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination.
About Momentus
As a first mover in building in-space infrastructure services,
Momentus is at the forefront of the commercialization of space.
With an experienced team of aerospace, propulsion, and robotics
engineers, Momentus has developed a cost-effective and energy
efficient in-space transport system based on water plasma
propulsion technology. Momentus has in-place service agreements
with private satellite companies and research organizations.
Additional Information and Where to Find It
In connection with the proposed transaction contemplated by the
merger agreement between Stable Road and Momentus (the “Proposed
Transaction”), Stable Road has filed with the SEC a registration
statement on Form S-4 (the “Registration Statement”) that includes
a proxy statement of Stable Road, a consent solicitation statement
of Momentus and prospectus of Stable Road, and each party will file
other documents with the SEC regarding the Proposed Transaction.
The Registration Statement has not been declared effective by the
SEC. A definitive proxy statement/consent solicitation
statement/prospectus and other relevant documents will be sent to
the stockholders of Stable Road and Momentus, seeking any required
stockholder approval, and is not intended to provide the basis for
any investment decision or any other decision in respect of such
matters. STABLE ROAD’S STOCKHOLDERS AND OTHER INTERESTED PERSONS
ARE ADVISED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT AND
THE PROXY STATEMENT/CONSENT SOLICITATION STATEMENT/PROSPECTUS WHICH
FORMS A PART OF THE REGISTRATION STATEMENT, AS WELL AS ANY
AMENDMENTS THERETO, AND THE EFFECTIVE REGISTRATION STATEMENT AND
DEFINITIVE PROXY STATEMENT/CONSENT SOLICITATION/PROSPECTUS IN
CONNECTION WITH STABLE ROAD’S SOLICITATION OF PROXIES FOR STABLE
ROAD’S SPECIAL MEETING OF STOCKHOLDERS TO APPROVE THE TRANSACTIONS
CONTEMPLATED BY THE MERGER AGREEMENT (THE “PROPOSED TRANSACTION
SPECIAL MEETING”), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION. When available, the definitive
proxy statement/consent solicitation statement/prospectus will be
mailed to Stable Road’s stockholders as of a record date to be
established for voting on the Proposed Transaction and the other
matters to be voted upon at the Proposed Transaction Special
Meeting. Stable Road’s stockholders will also be able to obtain
copies of the proxy statement/consent solicitation
statement/prospectus, and all other relevant documents filed or
that will be filed with the SEC in connection with the Proposed
Transaction, without charge, once available, at the SEC’s website
at http://www.sec.gov or by directing a request to: Stable Road
Capital LLC, James Norris, CPA, Chief Financial Officer, 1345 Abbot
Kinney Blvd., Venice, CA 90291; Tel: 310-956-4919;
james@stableroadcapital.com.
Participants in the Solicitation
Stable Road, Momentus and certain of their respective directors,
executive officers and other members of management and employees
may be deemed participants in the solicitation of proxies of Stable
Road’s stockholders in connection with the the Proposed
Transaction. STABLE ROAD’S STOCKHOLDERS AND OTHER INTERESTED
PERSONS MAY OBTAIN, WITHOUT CHARGE, MORE DETAILED INFORMATION
REGARDING THE DIRECTORS AND OFFICERS OF STABLE ROAD IN ITS ANNUAL
REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020,
WHICH WAS FILED WITH THE SEC ON MARCH 8, 2021. INFORMATION
REGARDING THE PERSONS WHO MAY, UNDER SEC RULES, BE DEEMED
PARTICIPANTS IN THE SOLICITATION OF PROXIES TO STABLE ROAD’S
STOCKHOLDERS IN CONNECTION WITH THE PROPOSED TRANSACTION AND OTHER
MATTERS TO BE VOTED AT THE PROPOSED TRANSACTION SPECIAL MEETING
WILL BE SET FORTH IN THE REGISTRATION STATEMENT FOR THE PROPOSED
TRANSACTION WHEN AVAILABLE. Additional information regarding the
interests of participants in the solicitation of proxies in
connection with the Proposed Transaction is included in the
Registration Statement that Stable Road has filed with the SEC.
No Offer or Solicitation
This press release is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the Proposed Transaction
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
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Investors: investors@momentus.space Media:
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