Momentus Amends Convertible Note with SIV, Delays $1 Million Payment to May 2026

Reuters12-10
Momentus Amends Convertible Note with SIV, Delays $1 Million Payment to May 2026

Momentus Inc. has amended its existing secured convertible promissory note with Space Infrastructures Ventures, LLC (SIV), effective December 5, 2025. The amendment defers the first payment tranche of $1 million from December 1, 2025, to a new maturity date of May 1, 2026. As part of the agreement, Momentus issued SIV warrants to purchase up to 240,000 shares of common stock at an exercise price of $0.79 per share. The amendment also delays the date on which Momentus may incur up to $4 million of additional pari passu indebtedness with the convertible note. All other terms of the original note remain unchanged.

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