Momentus (MNTS) Registration Filing summary

Company overview and business model

• Provides satellites, satellite buses, and components, as well as transportation and infrastructure services for commercial and government customers.

• Focuses on last-mile satellite transportation, hosted payloads, in-orbit refueling, inspection, maintenance, and debris removal.

• Develops Orbital Service Vehicles (OSVs), with Vigoride as the initial model, aiming for eventual reusability and expanded in-space services.

• Offers high-volume production of satellite buses and integration of customer payloads for various missions, leveraging proprietary technology.

• Entered a five-year master services agreement with Velo3D for additive manufacturing, receiving services and issuing equity as compensation.

Financial performance and metrics

• Reported net losses of $34.9 million for the year ended December 31, 2024, and $23.7 million for the nine months ended September 30, 2025.

• Accumulated deficit reached $408.0 million as of December 31, 2024, and $431.7 million as of September 30, 2025.

• Stockholders' deficit was approximately $9.97 million as of June 30, 2025, and $694,000 as of September 30, 2025.

• Cash and cash equivalents totaled $1.6 million as of December 31, 2024.

• Used net cash of $16.6 million for operating activities in 2024.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling stockholders; proceeds from recent private placements and offerings are allocated to general corporate purposes, debt repayment, capital expenditures, and working capital.

• Raised approximately $4 million in a July 2025 public offering and $5 million in a January 2026 private placement.