Momentus Inc. Issues $500,000 Convertible Note to A.G.P. at $10 Per Share
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Momentus Inc. has issued a $500,000 convertible note to A.G.P./Alliance Global Partners, replacing an existing unsecured convertible promissory note. The new note lowers the conversion price for Momentus’ Class A common stock from $29.8095 to $10.00 per share, following a reverse stock split. This transaction is exempt from registration under the Securities Act of 1933.
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