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Momentus Grants Inducement Award to One New Employee
SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses,
About this update from Momentus Inc.
[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nMomentus 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 the granting of an inducement award to one new employee. In accordance with NASDAQ Listing Rule 5635(c)(4), the award was approved by Momentus’ Compensation Committee and made as a material inducement to such employee's entry into employment with the Company.\n\n\nIn connection with the commencement of the employee’s employment, such employee received 580 restricted stock units (RSUs) on November 20, 2023, with a total value of approximately $1,786.40 based on a price of $3.08 per share, the closing trading price on the Nasdaq Global Select Market on November 17, 2023.\n\n\nThe RSUs have a four-year annual vesting schedule, subject to such employee's continued service with Momentus on the applicable vesting date.\n\n\nAbout Momentus Inc.\n\n\nMomentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services.\n\n\nForward-Looking Statements\n\n\nThis press release contains certain statements which may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. The words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,” “could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “aim,” “strive,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.\n\n\nForward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of ...