Momentus Inc. 8-K

What Happened
Momentus Inc. (MNTS) filed an 8-K (Item 8.01) disclosing that on February 19, 2026 its Board approved reducing the conversion price on a Junior Secured Convertible Promissory Note dated September 25, 2025 (the “September 2025 Note”) issued to Yield Point NY LLC. As of February 20, 2026 the note had an outstanding principal balance of approximately $1.6 million. The conversion price was reduced from $19.9206 per share to $5.28 per share for issuance of up to 81,555 shares of the Company’s Class A common stock, effective February 20, 2026 through March 25, 2026 (unless extended or all shares are issued sooner).

Key Details

• Note holder: Yield Point NY LLC; original note dated September 25, 2025.
• Outstanding principal (as of Feb 20, 2026): ~ $1.6 million.
• Conversion price change: from $19.9206 to $5.28 per share.
• Conversion cap and period: up to 81,555 shares may be issued upon conversion between Feb 20, 2026 and Mar 25, 2026 (unless extended).

Why It Matters
A lowered conversion price means the holder of the September 2025 Note can convert debt into common stock at $5.28/share instead of about $19.92/share, and the Company may issue up to 81,555 shares if conversion occurs. That would reduce the Company’s outstanding debt by the converted amount but could increase the share count (dilution) if shares are issued. Retail investors should note this potential change to Momentus’s capital structure and monitor whether conversion occurs or the offer is extended.