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MNTS on Nasdaq

Momentus Space

Logo: momentus.space4

American aerospace company

Momentus Inc. (doing business as Momentus Space) is an American commercial space company headquartered in San Jose, California. The company designs and manufactures in-space infrastructure, providing services such as orbital transportation, hosted payloads, and in-orbit servicing for commercial and government clients. The company is notable for its development of the Vigoride Orbital Service Vehicle (OSV), which utilizes proprietary Microwave Electrothermal Thrusters (MET) powered by water propellant.3 It was founded by Mikhail Kokorich.1 Its shares trade on Nasdaq under the symbol MNTS.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

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  • TickerMNTS on Nasdaq1
  • Industryaerospace industry1
  • HeadquartersSan Jose, California1
  • Websitemomentus.space
  • Incorporated inDE5
  • Business address1762 Automation Parkway, San Jose, Ca 951315
  • Filer categoryNon-accelerated filer, Smaller reporting company5
  • Legal formCorporation

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Momentus Inc. (doing business as Momentus Space) is an American commercial space company headquartered in San Jose, California. The company designs and manufactures in-space infrastructure, providing services such as orbital transportation, hosted payloads, and in-orbit servicing for commercial and government clients.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

99.8%Gross margin7
-2455.4%Operating margin7
-2744.9%Net margin7
-47.5%Revenue growth, 20257
-177.8%Return on equity7
-$23.3MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Engineering Project Services brought in 85% of the revenue Momentus Space broke down this way in fiscal 2025.

  1. Engineering Project Services$948.0K785%down 48% from 2024
  2. Forfeited Customer Deposits$162.0K715%down 47% from 2024
Products and services by year
Products and services20242025
Engineering Project Services$1.8M$948.0K
Forfeited Customer Deposits$307.0K$162.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue0¢$2.0K
  • Research and development32¢$9.2M
  • Selling, general and admin68¢$19.2M

Out of $1.1M in revenue.7 The company lost money this year.

Financial statements

Revenue8910117$1.1M in 2025+204% since 2020
0$1.0M$2.0M$3.0M$4.0M2020: $365.0K$365.0K20202021: $330.0K$330.0K2021−10%2022: $299.0K$299.0K2022−9%2023: $3.1M$3.1M2023+933%2024: $2.1M$2.1M2024−32%2025: $1.1M$1.1M2025−47%
Gross profit8910117$1.1M in 2025
-$1.0M0$1.0M$2.0M$3.0M2020: -$3.0K-$3.0K20202021: $465.0K$465.0K20212022: $273.0K$273.0K2022−41%2023: $2.2M$2.2M2023+718%2024: $2.0M$2.0M2024−8%2025: $1.1M$1.1M2025−46%
Operating income8910117-$27.3M in 2025−21% since 2020
-$100.0M-$75.0M-$50.0M-$25.0M02020: -$34.7M-$34.7M20202021: -$99.8M-$99.8M2021+188%2022: -$91.3M-$91.3M2022−9%2023: -$68.2M-$68.2M2023−25%2024: -$29.7M-$29.7M2024−56%2025: -$27.3M-$27.3M2025−8%
Net income8910117-$30.5M in 2025−90% since 2020
-$400.0M-$200.0M0$200.0M2020: -$307.0M-$307.0M20202021: $120.7M$120.7M20212022: -$95.4M-$95.4M20222023: -$68.9M-$68.9M2023−28%2024: -$34.9M-$34.9M2024−49%2025: -$30.5M-$30.5M2025−13%

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Service revenue$1.1M$2.1M
Cost of revenue$2.0K$66.0K
Gross profit$1.1M$2.0M
Research and development expenses$9.2M$9.8M
Selling, general and administrative expenses$19.2M$21.9M
Total operating expenses$28.4M$31.7M
Loss from operations-$27.3M-$29.7M
Realized loss on disposal of assets$0-$188.0K
Interest income$57.0K$25.0K
Interest expense-$677.0K-$395.0K
Loss on debt extinguishment-$2.8M-$4.3M
Change in fair value of convertible debt carried at fair value-$835.0K$0
Change in fair value of warrant liability$2.3M$0
Other expense-$1.3M-$447.0K
Total other income (expense), net-$3.2M-$5.3M
Net loss-$30.5M-$34.9M
Deemed dividend on downround of warrants-$117.0K$0
Net loss attributable to common stockholders-$30.6M-$34.9M
Net loss attributable to common stockholders-$30.6M-$34.9M
Net loss per share, basic (in dollars per share)-$49.10-$414.01
Net loss per share, diluted (in dollars per share)-$49.10-$414.01
Weighted average shares outstanding, basic (in shares)622.9K shares84.4K shares
Weighted average shares outstanding, fully diluted (in shares)622.9K shares84.4K shares

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Corporate structure

Momentus Space sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Momentus Space

  • Momentus Space San Jose, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Momentus Space reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.3M7 Dec 31, 2025$5.2M7 Dec 31, 2024+0.2%
Accumulated depreciation$4.3M7 Dec 31, 2025$3.1M7 Dec 31, 2024+40.5%
Property and equipment, net$953.0K7 Dec 31, 2025$2.2M7 Dec 31, 2024−56.3%
Operating-lease assets (leased space)$7.7M7 Dec 31, 2025$347.0K7 Dec 31, 2024+2115.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.8M7 Dec 31, 2025$1.6M7 Dec 31, 2024+714.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$463.0K7 Dec 31, 2025$463.0K7 Dec 31, 20240%
Accumulated amortization$262.0K7 Dec 31, 2025$210.0K7 Dec 31, 2024+24.8%
Finite-lived intangibles, net$201.0K7 Dec 31, 2025$253.0K7 Dec 31, 2024−20.6%

Properties, in its own words

Momentus subleases its office space in San Jose, California. Our primary facility is located at 1762 Automation Parkway, San Jose, California 95131. The sublease commenced on December 10, 2025, and runs for approximately 82 months (expiring September 30, 2032). These facilities are utilized by Momentus’ single reporting segment. We believe our current and committed space is sufficient to meet our needs for the foreseeable future.

Item 2 of the 10-K filed Mar 31, 2026.15

The story

Founded by Mikhail Kokorich.1

Founding and Early Operations (2017–2020)

Momentus was founded in 2017 by Mikhail Kokorich and Lev Khasis. The company gained early venture backing through Y Combinator and Prime Movers Lab based on its concept of a "space tug" that would transport small satellites from drop-off orbits provided by heavy-lift rockets to custom operational orbits using low-cost water plasma propulsion.

SPAC Merger and Regulatory Issues (2020–2022)

In October 2020, Momentus announced plans to become a public company via a SPAC merger with Stable Road Acquisition Corp. Prior to the merger's completion, the company faced significant regulatory intervention. The Committee on Foreign Investment in the United States (CFIUS) forced Kokorich, a Russian national, to step down due to national security concerns regarding foreign access to sensitive aerospace technology.

Concurrently, the U.S. Securities and Exchange Commission (SEC) charged Momentus and Stable Road with misleading investors regarding the success of a 2019 propulsion test. The company settled the charges for $7 million, overhauled its board of directors, and required the founders to divest their shares. Following compliance with a National Security Agreement (NSA), Momentus was cleared by the FAA to resume flight operations.

Defense Pivot and Stabilization (2023–Present)

In 2023, Momentus appointed John Rood as Chief Executive Officer. Under Rood's leadership, the company shifted its strategic focus toward complex government infrastructure projects, including autonomous rendezvous, proximity operations (RPO), and in-space assembly.

In January 2026, Momentus was selected as a qualified vendor for the Missile Defense Agency (MDA) SHIELD program, a multi-award contract vehicle with a $151 billion ceiling over ten years, marking the company's formal integration into major U.S. defense infrastructure planning.

From Wikipedia’s article on Momentus space, shared under CC BY-SA 4.0.6

Leadership

Who has led Momentus Space, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian Kabot2019–2020
  2. John C. Rood2021–now

President

  1. Fred G. Kennedy Iii.2021–2022

Chief financial officer

  1. James Norris2019
  2. Jikun Kim2021–2022
  3. Dennis R. Mahoney2023
  4. Eric R. Williams2023
  5. Lon Ensler2024–now
20202025
Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerJon Layman named May 9, 2025 to Oct 2, 202536

Products and brands

Facilities

Momentus is headquartered in San Jose, California. In early 2026, the company completed the transition to its new Automation and Manufacturing Facility. This facility houses the company's primary cleanrooms, MET thruster testing vacuum chambers, and a dedicated Mission Control Center for active orbital operations.

Spacecraft and Technology

Vigoride Orbital Service Vehicle

The Vigoride is Momentus's primary spacecraft bus. Designed to launch as a payload on medium-to-heavy lift rockets (primarily the SpaceX Falcon 9 via the Transporter rideshare program), Vigoride operates in Low Earth orbit (LEO). Modern iterations of the Vigoride bus are capable of generating up to 3 kilowatts of peak solar power to support compute-heavy military sensors and robotic payloads.

Microwave Electrothermal Thruster (MET)

The Vigoride is propelled by a proprietary Microwave Electrothermal Thruster. The system uses solar arrays to power a microwave emitter, which turns liquid water propellant into superheated plasma. Water is utilized because it is non-toxic, easily stored without high-pressure cryogenic tanks, and presents a theoretical pathway for future in-situ resource utilization (ISRU) via asteroid or lunar ice mining.

From Wikipedia’s article on Momentus space, shared under CC BY-SA 4.0.6

Former names

  • Stable Road Acquisition Corp.Aug 9, 2019 to Aug 12, 20215

Timeline

  1. Aug 25, 20268-K Ended a material agreement37
  2. Aug 14, 20268-K Change of auditor38
  3. Jun 18, 20268-K Other events39
  4. Jun 15, 20268-K Entered a material agreement; Regulation FD disclosure40
  5. May 29, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure41
  6. May 22, 20268-K Shareholder vote42
  7. May 5, 20268-K Results of operations; Regulation FD disclosure43
  8. Apr 20, 20268-K Ended a material agreement44
  9. Apr 16, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure45
  10. Apr 13, 20268-K Other events46
  11. Feb 20, 20268-K Other events47
  12. Feb 12, 20268-K Shareholder vote48
  13. Aug 16, 2021New chief executive John C. Rood becomes CEO16
  14. Nov 7, 2019New chief executive Brian Kabot becomes CEO17

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($19.29) a share, on Nov 19, 2025.49

When it reported results

  1. May 5, 2026Reported quarterly or annual results43
  2. Sep 6, 2024Reported quarterly or annual results50
  3. Nov 14, 2023Reported quarterly or annual results51
  4. Aug 14, 2023Reported quarterly or annual results52
  5. May 11, 2023Reported quarterly or annual results53
  6. Mar 7, 2023Reported quarterly or annual results54
  7. Nov 8, 2022Reported quarterly or annual results55
  8. Aug 11, 2022Reported quarterly or annual results56

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

524 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 134 major events, 142 insider forms, 32 large holders, 2 private raises, 191 other. The latest 20:

  1. Aug 25, 20268-K EDGAR
  2. Aug 14, 20268-K EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 11, 202610-Q EDGAR
  6. Aug 11, 202625-NSE EDGAR
  7. Jun 18, 20268-K EDGAR
  8. Jun 18, 2026424B5 EDGAR
  9. Jun 15, 20268-K EDGAR
  10. Jun 15, 2026424B5 EDGAR
  11. Jun 4, 2026EFFECT EDGAR
  12. Jun 2, 2026CORRESP EDGAR
  13. Jun 1, 2026S-3/A EDGAR
  14. Jun 1, 2026UPLOAD EDGAR
  15. May 29, 20268-K EDGAR
  16. May 28, 2026SCHEDULE 13G EDGAR
  17. May 26, 20264 PRIMARY DOCUMENT EDGAR
  18. May 26, 2026S-3 EDGAR
  19. May 22, 20264 PRIMARY DOCUMENT EDGAR
  20. May 22, 2026S-8 EDGAR

The 524 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 5 buys and 37 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 21, 2026Hadfield ChrisDirectorBuy2,000$7.19$14.4KForm 4
May 20, 2026Kabot BrianDirectorBuy250$5.52$1.4KForm 4
May 19, 2026Kabot BrianDirectorBuy250$5.62$1.4KForm 4
May 15, 2026Hadfield ChrisDirectorBuy1,500$5.32$8.0KForm 4
May 15, 2026Kabot BrianDirectorBuy1,850$5.40$10.0KForm 4
Dec 1, 2023Kabot BrianDirectorSale400$2.60$1.0KForm 4
Nov 1, 2023Kabot BrianDirectorSale400$3.50$1.4KForm 4
Oct 2, 2023Kabot BrianDirectorSale400$2.17$868Form 4
Sep 26, 2023MOMENTUS PML SPV 2 LP10% ownerSale30,024$1.91$57.3KForm 4
Sep 25, 2023MOMENTUS PML SPV 2 LP10% ownerSale54,563$2.04$111.3KForm 4
Sep 22, 2023MOMENTUS PML SPV 2 LP10% ownerSale23,693$2.39$56.6KForm 4
Sep 14, 2023Sloss Dakin10% ownerSale141,472$3.36$475.3KForm 4
Sep 13, 2023Sloss Dakin10% ownerSale32,528$4.51$146.7KForm 4
Sep 12, 2023Sloss Dakin10% ownerSale1,983$5.19$10.3KForm 4
Sep 11, 2023Prime Movers Lab Fund I LP10% ownerSale7,900$5.57$44.0KForm 4
Sep 8, 2023Prime Movers Lab Fund I LP10% ownerSale10,943$5.81$63.6KForm 4
Sep 7, 2023Prime Movers Lab Fund I LP10% ownerSale20,503$6.51$133.5KForm 4
Sep 1, 2023Kabot BrianDirectorSale400$10.95$4.4KForm 4
Aug 17, 2023Mercado VictorinoDirectorSale33,189$0.31$10.3KForm 4
Aug 1, 2023Kabot BrianDirectorSale20,000$0.42$8.4KForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John C. RoodChief Executive Officer57$800.0K$1.1M68
2025Jon LaymanChief Legal Officer and Corporate Secretary60$450.0K$673.0K68
2025Rob SchwarzChief Technology Officer54$350.0K$441.5K68
2024John C. RoodChief Executive Officer57$800.0K$919.3K68
2024Rob SchwarzChief Technology Officer54$350.0K$383.9K68
2023John C. RoodChief Executive Officer57$800.0K$2.6M68
2023Rob SchwarzChief Technology Officer54$350.0K$691.3K68

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 25, 2025Raised $1.6 million in a private offering of equity Form D: 1 investor so far Form D
  2. Apr 24, 2025Raised $247,942 in a private offering of equity Form D: 3 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Davidson Kempner Capital Management LP850,000$5.7M0.1%New
BlackRock, Inc.351,504$2.4M0.0%+351,461
Citadel Advisors LLC294,365$2.0M0.0%New
Weiss Asset Management LP179,416$1.2M0.0%New
Jefferies Financial Group Inc.146,000$981.1K0.0%New
UBS Group AG142,403$956.9K0.0%+136,343
Geode Capital Management, LLC118,712$797.7K0.0%+96,942
Vanguard Capital Management LLC115,779$778.0K0.0%+113,550
State Street Corp74,176$498.5K0.0%New
Vanguard Fiduciary Trust Co54,303$364.9K0.0%+51,550
Northern Trust Corp22,405$150.6K0.0%New
LPL Financial LLC20,826$140.0K0.0%New
Engineers Gate Manager LP15,300$102.8K0.0%New
Parisi Gray Wealth Management12,154$81.7K0.0%New
Susquehanna International Group, Llp11,776$79.1K0.0%New
Pure Financial Advisors, LLC10,001$67.2K0.0%New
Legacy Capital Wealth Partners, LLC10,000$67.2K0.0%New
International Assets Investment Management, LLC10,000$65.0K0.0%New
Osaic Holdings, Inc.7,526$50.6K0.0%+7,441
Vanguard Global Advisers, LLC5,708$38.4K0.0%New
Morgan Stanley4,547$30.6K0.0%New
SBI Securities Co., Ltd.3,207$21.6K0.0%+2,699
Simplex Trading, LLC2,446$16.4K0.0%New
Global Retirement Partners, LLC1,911$12.8K0.0%New
Jones Financial Companies Lllp1,603$11.3K0.0%+1,581

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Momentus Space is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMomentus Inc.2
  • CIK0001781162
  • Employer ID (EIN)84-190553815
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company15
  • Incorporated inDelaware15
  • Fiscal year endsDecember 312
  • Industry code (SIC)3760 Guided Missiles & Space Vehicles & Parts2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1762 Automation Parkway, San Jose, CA 951312
  • Phone65056478202
  • Shares outstanding21,963,401 as of Aug 10, 202613
  • Public float$13.2M as of Dec 31, 202515
  • AuditorFrank, Rimerman + Co. LLP, San Francisco, CA PCAOB ID 1596; no auditor attestation of internal control over financial reporting15
  • On EDGAR sinceAug 9, 20192
  • Filings709 in all: 8-K (160), 4 (146), 425 (51), CORRESP (30), 3 (26), 424B3 (24), UPLOAD (23), 10-Q (20)2
    All 46 form types

    SC 13G/A (19), EFFECT (18), 424B5 (17), DEF 14A (14), S-1 (14), SC 13G (14), 144 (11), PRE 14A (11), DEFA14A (10), S-8 (10), S-1/A (9), SC 13D/A (9), 10-K (7), S-4/A (6), SCHEDULE 13G/A (6), NT 10-Q (5), S-3 (5), SCHEDULE 13G (5), 144/A (4), 10-K/A (3), 4/A (3), 8-K/A (3), DRS (3), 25-NSE (2), 424B4 (2), 424B7 (2), ARS (2), D (2), DRSLTR (2), NT 10-K (2), SC 13D (2), 10-Q/A (1), 8-A12B (1), CERT (1), POS AM (1), PRER14A (1), S-3/A (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Aug 25, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stockMNTSNasdaq Stock Market LLC
WarrantsMNTSWNasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).15

Risk factors and legal proceedings

The risks Momentus Space names in Item 1A of its 10-K filed Mar 31, 2026: 56 risks under these headings, as written.15

  • Unless the context otherwise requires, all references to the “Company,” “we,” “us,” or “our” refer to Momentus and its subsidiaries.
  • Risks Related to the Business and Industry of Momentus
  • We will require substantial additional funding to finance our operations, but adequate additional financing may not be available when we need it, on acceptable terms, or at all.
  • We have incurred significant losses in the past, we expect to incur losses in the future, and we may not be able to achieve or maintain profitability.
  • We may not be able to continue as a going concern.
  • We have delivered customer satellites and payloads into orbit using our service vehicles since 2022, however setbacks experienced during our future missions could have a material adverse effect on our business, financial condition, and results of operation and could harm our reputation.
  • We are dependent on the successful development of our satellite and related technology.
  • We may not be successful in developing new technology, and the technology we are successful in developing may not meet the needs of our customers or potential new customers.
  • We operate in highly competitive industries and in various jurisdictions across the world which may cause us to have to reduce our prices.
  • Momentus’ limited operating history makes it difficult to evaluate its future prospects and the risks and challenges it may encounter.
  • The market for spaceflight and in-space infrastructure services has not been established with precision, is still emerging and may not achieve the growth potential we expect.
  • We may not be able to convert our customer contracts into revenue.
The other 45 risks
  • Our future revenue and operating results are dependent on our ability to generate a sustainable order rate for our products and services and develop new technologies to meet the needs of our customers or potential new customers.
  • The cyclical nature of the space industry could negatively impact our ability to accurately forecast customer demand. We may not be able to achieve or maintain adequate gross margins or profits in these markets.
  • We may experience a total loss of our satellites and Orbital Service Vehicle and our customers’ payloads during the launch into space, and any insurance we have may not be adequate to cover our loss.
  • Our business involves significant risks and uncertainties that may not be covered by insurance.
  • If our spacecraft fail to operate as intended, it could have a material adverse effect on our business, financial condition, and results of operations.
  • Increased congestion from the proliferation of low-Earth orbit constellations could materially increase the risks of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots.
  • Our revenue, results of operations and reputation may be negatively impacted if our products contain defects or fail to operate in the expected manner.
  • Fluctuations in foreign exchange rates or future hedging activities could in the future have a negative impact on our business.
  • We rely on a limited number of suppliers for certain raw materials, specialized labor, and supplied components. We may not be able to obtain sufficient raw materials, specialized labor, or supplied components to meet our manufacturing and operating needs or obtain such materials on favorable terms or at all, which could impair our ability to fulfill our orders in a timely manner or increase our costs of production.
  • Our satellites, vehicles, and related equipment may have shorter useful lives than we anticipate.
  • We expect to face intense competition in satellite production, satellite transport, and related services and other services which we may develop in the space transportation industry.
  • If we fail to adequately protect our intellectual property rights or our intellectual property applications for registration fail to become issued or registered, our competitive position could be impaired.
  • Protecting and defending against intellectual property claims may have a material adverse effect on our business.
  • We may experience warranty claims for failures, schedule delays or other problems with existing or new products.
  • We are exposed to risks related to geopolitical and economic factors, laws and regulations and our international business subjects us to numerous political and economic factors, legal requirements, cross-cultural considerations and other risks associated with doing business globally.
  • Data breaches or incidents involving our technology could damage our business, reputation and brand and substantially harm our business and results of operations.
  • We are highly dependent on our senior management team and other highly skilled personnel.
  • Our operating results may fluctuate significantly, which makes our future operating results difficult to predict and could cause our operating results to fall below expectations or any guidance we may provide.
  • Momentus’ ability to use its net operating loss carryforwards and certain other tax attributes may be limited.
  • We may in the future be subject to substantial litigation, regulatory actions, government investigations, proceedings, and similar actions that could cause us to incur significant legal expenses and which could have a material adverse effect on our business, operating results, or financial condition.
  • Natural disasters, unusual weather conditions, epidemic outbreaks, terrorist acts, and political events could disrupt our business and vehicle launch schedules.
  • Our restructurings and associated organizational changes may not adequately reduce our expenses, may lead to additional workforce attrition, and may cause operational disruptions.
  • The pursuit of additional capital and other strategic alternatives will consume a substantial portion of the time and attention of our management and require additional capital resources which may be disruptive to our business and could have a material adverse effect on our business, financial condition and results of operations.
  • Regulatory Risks
  • We are subject to stringent U.S. export and import control laws and regulations. Unfavorable changes in these laws and regulations or U.S. government licensing policies, our failure to secure timely U.S. government authorizations under these laws and regulations, or our failure to comply with these laws and regulations could have a material adverse effect on our business, financial condition and results of operations.
  • Momentus and its customers and suppliers could be materially impacted by disruptions in U.S. government operations and funding.
  • Changes in U.S. government policy regarding use of commercial data or space infrastructure / mission providers, or material delay or cancellation of certain U.S. government programs, may have a material adverse effect on our customers, suppliers, revenues, operational delays, earnings and cash flow and our ability to achieve our growth objectives.
  • Contracts with the U.S. government subject us to risks including early termination, audits, investigations, sanctions, and penalties.
  • Failure to comply with federal, state and foreign laws and regulations relating to privacy, data protection and consumer protection, or the expansion of current or the enactment of new laws or regulations relating to privacy, data protection and consumer protection, could adversely affect our business and our financial condition.
  • Risks Related to Ownership of our Class A Common Stock
  • If we fail to comply with the continued listing requirements of Nasdaq we face possible delisting, which would result in a limited public market for our shares and make obtaining future debt or equity financing more difficult for us.
  • Our outstanding warrants could dilute stockholders, depress our stock price, reduce proceeds available to holders of our Class A common stock in a change of control, and impede a potential acquisition of the Company.
  • Our outstanding convertible notes, and a potential additional investment under an existing note facility, may result in significant dilution to our stockholders and could adversely affect the market price of our Class A common stock.
  • An active trading market for our Class A common stock may never develop or be sustained.
  • The market price of our Class A common stock and warrants may be volatile, which could cause the value of your investment to decline.
  • Future sales of shares by Company officers, directors and other insiders may adversely affect the market price of our Class A common stock.
  • Future sales of shares by existing stockholders may adversely affect the market price of our Class A common stock.
  • If securities and industry analysts do not publish research or reports, or publish inaccurate or unfavorable research or reports, about our business or our market, our stock price and trading volume could decline.
  • Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our Class A common stock.
  • Our Second Amended and Restated Certificate of Incorporation, as amended, provides that a state or federal court located within the state of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a chosen judicial forum for disputes with us or our directors, officers, employees, or stockholders.
  • Future sales and issuances of our Class A common stock could cause our stock price to fall.
  • Sales of Class A common stock under our “at-the-market” (“ATM”) program and our equity line of credit (“ELOC”) could result in substantial dilution to stockholders, depress the market price of our Class A common stock, and may not provide adequate funding when needed.
  • We need additional capital and any additional capital we seek may not be available in the amount or at the time we need it.
  • The market price of our Class A common stock has been, and may continue to be, volatile, which could reduce the market price of our Class A common stock.
  • General Risks
  • Our employees and independent contractors may engage in misconduct or other improper activities, which could have an adverse effect on our business, prospects, financial condition, and operating results.
  • Labor-related matters, including labor disputes, may adversely affect our operations.
  • Changes in our accounting estimates and assumptions could negatively affect our financial position and results of operations.

Legal proceedings

From time to time, we may be subject to various claims, lawsuits, and other legal and administrative proceedings that may arise in the ordinary course of business. Some of these claims, lawsuits, and other proceedings may range in complexity and result in substantial uncertainty; it is possible that they may result in damages, fines, penalties, non-monetary sanctions, or relief. However, we do not consider any such claims, lawsuits, or proceedings currently pending, individually or in the aggregate, likely to result in a material adverse effect on our future operating results, financial condition, or cash flows.

See Note 12, Commitments and Contingencies, in the Notes to Consolidated Financial Statements for disclosures related to legal proceedings, which disclosures are incorporated herein by reference.

The opening of Item 3, Legal Proceedings.15

Sources

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