Momentus Shares Fall Premarket With Pricing of $25 Million Equity Raising

Dow Jones06-12

By Robb M. Stewart

Momentus's shares were under pressure Friday after the commercial space company priced a $25 million direct stock offering.

In premarket trading, the shares were 18% lower at $13.34, eating into the rally seen over the last three months.

The satellite solutions, in-space transportation and orbital infrastructure company said it entered agreements with new and existing long-term institutional investors for the sale of 1.85 million of its shares.

Momentus said it plans to use the net proceeds from the offering for working capital and general corporate purposes.

The offering is set to close on or about Monday.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

June 12, 2026 08:34 ET (12:34 GMT)

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Stewart \n\n\n \n\n\n  Momentus's shares were under pressure Friday after the commercial space company priced a $25 million direct stock offering. \n\n\n  In premarket trading, the shares were 18% lower at $13.34, eating into the rally seen over the last three months. \n\n\n  The satellite solutions, in-space transportation and orbital infrastructure company said it entered agreements with new and existing long-term institutional investors for the sale of 1.85 million of its shares. \n\n\n  Momentus said it plans to use the net proceeds from the offering for working capital and general corporate purposes. \n\n\n  The offering is set to close on or about Monday. \n\n\n \n\n\n  Write to Robb M. 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