12:38 PM EDT, 10/14/2025 (MT Newswires) -- Momentus ( MNTS ) said Tuesday it has entered into a warrant inducement agreement for the immediate exercise of nearly 5 million warrants with an existing institutional investor to raise about $7 million for the commercial space firm.

In return, Momentus ( MNTS ) said it will issue the investor new October 2025 Class A warrants to buy about 7.5 million shares with an exercise price of $1.43. The five-year warrants will be initially exercisable following stockholder approval.

Net proceeds will be used for working capital and general corporate purposes, the company said, adding that the deal is set to close Oct. 15.

Shares of Momentus ( MNTS ) rose past 16% in recent trading.

Price: 1.66, Change: +0.23, Percent Change: +16.08