Momentus eliminates all convertible debt through full conversion to common stock

Filed April 20, 2026 · Period ending April 17, 2026 · ~1 min read

Key Changes

• high

  All outstanding convertible debt converted to common stock as of April 17, 2026, eliminating future dilution uncertainty but increasing current share count. Company now has zero convertible indebtedness on balance sheet.

  Item 1.01 verify on EDGAR →
• high

  Convertible note conversion price fell 80% from $19.92 to $3.93 per share due to anti-dilution provisions triggered by prior lower-priced stock issuances, significantly increasing shares issued upon conversion.

  Item 1.01 verify on EDGAR →
• medium

  AIR Warrants allowing investor to purchase up to $4 million in additional convertible notes were terminated following the full conversion of the underlying $1.63 million Convertible Note.

  Item 1.01 verify on EDGAR →