Momentus Inc. Terminates $50M Equity Purchase Agreement

What Happened
Momentus Inc. (MNTS) filed an 8-K on August 25, 2026, reporting the termination of its Equity Purchase Agreement with Yield Point NY LLC. The agreement, originally entered on September 25, 2025 and amended on December 23, 2025, authorized the investor to buy up to $50,000,000 of the company’s Class A common stock. Momentus delivered written notice electing to terminate the agreement effective August 21, 2026 under Section 10.6 of the agreement. The company stated it never used the facility and does not intend to use it in the future.

Key Details

• Agreement: Equity Purchase Agreement (entered 9/25/2025; amended 12/23/2025) with Yield Point NY LLC
• Amount: Up to $50,000,000 in Class A common stock purchases permitted
• Effective termination date: August 21, 2026; 8-K filed August 25, 2026
• Usage & cost: The facility was never used and there were no early termination penalties

Why It Matters
For investors, this removes a potential source of up to $50 million of equity financing that Momentus had available. Because the company never drew on the facility and paid no termination fees, there is no immediate cash impact disclosed in the 8-K. However, the termination means Momentus has one fewer pre-arranged equity financing option on its balance-sheet, so investors may want to watch future filings for alternative financing arrangements or changes to liquidity plans.