Momentus Inc. is trading at $16.55 (+11.00%) in pre-market after the company announced significant corporate and operational updates this morning.
- Strengthened Balance Sheet: The company announced it has strengthened its financial position and now has approximately $76 million in cash on hand and remains debt-free. This was achieved through its at-the-market (ATM) program, a previously announced $25 million private placement, and recent warrant exercises.
- Vigoride 7 Mission Progress: Momentus also reported the successful transition of its Vigoride 7 Orbital Service Vehicle into the hosted payload mission operations phase for its customers.