Momentus Inc. 8-K

What Happened

• Momentus Inc. (MNTS) announced on April 17, 2026 that all amounts under a Junior Secured Convertible Note (originally $1,630,435 principal) issued to Yield Point NY, LLC were fully converted into Class A common stock, and the related AIR Warrants (to purchase up to $4,000,000 in additional convertible notes) were terminated as provided therein. The company also converted all amounts outstanding under an Amended and Restated Secured Convertible Promissory Note dated September 8, 2025 issued to Space Infrastructures Ventures into common stock. As a result, Momentus reports it no longer has any outstanding convertible indebtedness. The Form 8‑K incorporates by reference a prior Item 1.01 filing dated September 29, 2025.

Key Details

• Convertible Note principal: $1,630,435; maturity: 12 months after issue; original issue discount: 8%.
• Original conversion price: $19.9206 (split-adjusted); adjusted conversion price: $3.927 due to subsequent lower-price equity issuances.
• AIR Warrants (to buy up to $4,000,000 of additional convertible notes) were terminated on April 17, 2026 following full conversion.
• All amounts under the Sept. 8, 2025 note to Space Infrastructures Ventures were also converted as of April 17, 2026.

Why It Matters

• For investors, these actions remove Momentus’ outstanding convertible debt obligations and terminate a warrant that could have funded further convertible notes, simplifying the company’s capital structure.
• Conversion into common stock means the debt was satisfied by issuing equity, which reduces debt liabilities but increases the number of shares outstanding (potentially dilutive to existing shareholders).
• The adjustments to the conversion price and the termination of the AIR Warrants eliminate certain future conversion and warrant-related claims on the company’s equity; investors should monitor subsequent filings for the exact share issuance amounts and any updated capitalization table.