This press release is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Proposed Transaction or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. But, since then, public and financial interest in space has died down, as human progress in conquering and commercializing the final frontier has been ultimately limited by technological shortcomings. Additional risks and uncertainties are identified and discussed in the Stable Road’s reports filed with the SEC and available at the SEC’s website at www.sec.gov. Evercore and Cantor Fitzgerald & Co. are the private placement agents. Momentus and Stable Road will host a joint investor conference call to discuss the business and the proposed transaction today, October 7, 2020, at 8:00 AM ET. All rights reserved. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. For some questions I tried to search for answer around the web, but haven't found many regarding this stock. Except as required by law, neither Stable Road nor Momentus undertakes any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this release. toll) and enter the conference ID number 13711584. To extend the capabilities of gigantic rockets like SpaceX’s Starship and Blue Origin’s New Glenn, the Company is building its largest vehicle to date – Fervoride, which the Company expects to be capable of delivering up to 20 tons of cargo anywhere from Low Earth Orbit to Geosynchronous Orbit and into deep space. Utilizing a multi-pronged approach, Momentus is developing capabilities to provide critical infrastructure services: in-space transportation, satellite as a service, and in-orbit services. ICR is serving as investor relations and communications advisor to Momentus. Pursuant to the transaction, Stable Road, which currently holds approximately $172.5 million of cash in trust, will combine with Momentus, which is estimated to result in a pro forma enterprise value of approximately $1.2 billion. Carnegie CYCle Pa r k , Livermore , Ca. InvestorPlace’s bold new initiative delivers one breakthrough stock recommendation every trading day, targeting gains of 5X… 10X… even 15X and beyond. The Space Economy will just be getting started by then. Last-mile satellite and cargo delivery will combine with rideshare launch to make any precise destination orbit affordable. An icon used to represent a menu that can be toggled by interacting with this icon. The merger will bring about … Bottom Line on Momentus and SRAC Stock. With an experienced team of aerospace, propulsion, and robotics engineers, Momentus has developed a cost-effective and energy efficient in-space transport system based on water plasma propulsion technology. Momentus has in-place service agreements with private satellite companies, government agencies, and research organizations, and its first Vigoride™ transport and service vehicle launch is scheduled for December 2020. But the company won’t be done growing by 2027. A transfer vehicle detaches from the general rocket, and helps guide each individual satellite into its specific orbit. BETA. The key to scoring huge gains in the stock market rests in identifying innovative hypergrowth companies in the top of the first inning of their growth narratives. 05:04:08 PM. At the SRAC stock price today, Momentus is worth just $3 billion. With in-space transportation as our core service, we’re laying the tracks for a robust, thriving economy just a few hundred kilometers overhead. This availability information regarding shortable stocks is indicative only and is subject to change. Evercore is serving as the exclusive financial advisor and capital markets advisor to Momentus. Shortable Stocks for United States . Momentus Inc. (“Momentus” or the “Company”), a commercial space company providing in-space infrastructure services . They can help send small satellites into their final orbit at just $15,000 per kilogram, versus over $50,000 per kilogram for other propulsion systems. It’s breakthrough water propulsion platform could very realistically be the technology platform that powers movement for all objects in space. All rights reserved. Las Vegas Motor Spdwy Las Vegas, ca. Momentus is creating the first hub and spoke model in space by offering last-mile delivery in partnership with key launch operators, including SpaceX. Momentus Inc. said Wednesday it is going public through a merger with "blank check" company Stable Road Acquisition Corp. SRAC, -5.77%, in a … Earlier in October, Stable Road Acquisition had agreed to merge with Momentus Inc. to … Alongside Virgin Galactic, SpaceX is at the epicenter of the Space Economy today, building big rockets which they plan to use to launch people and satellites into space over the next several years. * MOMENTUS INC - BOARD ACCEPTS RESIGNATION OF MIKHAIL KOKORICH AS CEO Source text for Eikon: Further company coverage: Momentus Names Dawn Harms Interim CEO Business Wire – 01/25/2021 Board Accepts Resignation of Mikhail Kokorich as CEO and Director Momentus Inc., a … Yet, very little of that potential is priced into SRAC stock today. SANTA CLARA, CA – October 7, 2020 – Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW) (“Stable Road”) that will result in the Company becoming publicly listed. Stable Road Acquisition Corp (SRAC): * MOMENTUS NAMES DAWN HARMS INTERIM CEO. Announce Three Independent Directors to Join Post-combination Company, Merger to create the first publicly traded space infrastructure company at the forefront of the new space economy, Momentus partners and customers include SpaceX, Lockheed Martin, and NASA, Momentus to become publicly listed through a business combination with Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW) (“Stable Road”), Combined company will have an estimated enterprise value of approximately $1.2 billion and will become listed on Nasdaq under the ticker symbol “MNTS” following expected transaction close in early 2021, Pro forma for the transaction, Momentus will have approximately $310 million in cash on the balance sheet, to be funded by Stable Road’s $172.5 million of cash held in trust (assuming no redemptions) and $175.0 million from a fully committed common stock PIPE at $10.00 per share, including investments from private equity growth investors, family offices and select top tier public institutional investors. Upon the Find the latest Stable Road Acquisition Corp. (SRACU) stock quote, history, news and other vital information to help you with your stock trading and investing. TT SCRAM B LES , BRRMe.