$MNTS

2 stories mentioning MNTSUpdated 1d ago

Every FINWIRES story that references MNTS, newest first.

Momentus Obtains Commercial Space Contract From University of Colorado Laboratory

Momentus (MNTS) said Wednesday it won a commercial agreement with the Laboratory for Atmospheric and Space Physics at the University of Colorado Boulder to deliver services in orbit with a launch window of 2027.The company will hold and manage two devices for a space weather tracking mission aboard its Vigoride-9 orbital vehicle, the company said.The specialized equipment will analyze atmospheric thickness variations from solar observations to advance environmental tracking for satellites operating in low Earth orbit, Momentus said.Shares of the company were up over 19% in Wednesday premarket activity.Price: $11.15, Change: $+1.79, Percent Change: +19.23%

$MNTS

Wire22d ago

Momentus Prices $25 Million Private Placement; Shares Jump Pre-Bell

Momentus (MNTS) shares surged 38% in Wednesday's premarket trading after the company said it agreed to sell 2.9 million shares to existing institutional investors through a private placement, with gross proceeds expected to be about $25 million.The offering, priced at-the-market under Nasdaq rules, is expected to close on or about Thursday, the company said.Momentus said that it intends to use net proceeds from the offering for working capital and other general corporate purposes.The company added that existing capital and net proceeds from the offering are expected to leave it with about $76 million in cash, cash equivalents, and short-term investments.

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