This share will rebound. Primarily because it is going to be out with Q4 earnings soon and secondly due to its NASA contract it has been given grant from Government. Please check google
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74043947 : does that mean price will go up?
Learntogain : cant really see why is the price keep declining though
Jai Shree RamOP : Yes it will go up. Please don’t support baseless rumours around share dumping. Some people are just spreading false rumours
Learntogain : couldn't really find anything about grant from government is it possible to post a link pls
Dragana : SAN JOSE, Calif., March 05, 2024--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced that it has entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 4,624,280 shares of common stock (or common stock equivalents in lieu thereof) at a purchase price of $0.865 per share and warrant pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in total gross proceeds of approximately $4.0 million, before deducting placement agent commissions and other estimated offering expenses. The Company further agreed to issue to the investors warrants to purchase up to an aggregate of 4,624,280 shares of common stock. The warrants will have an exercise price of $0.74, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about March 7, 2024, subject to the satisfaction of customary closing conditions. ?