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Momentus Inc. (NASDAQ: MNTS ) (“Momentus” or the “Company”), an American commercial space company that plans to offer transportation and other infrastructure services in space, today announced incentive awards for 10 new hires. Pursuant to NASDAQ Listing Rule 5635(c)(4), the awards were granted by Momentus&CloseCurliQuote; Compensation Commission and created as a material incentive for the admission of each employee to employment in the Company.
In connection with the commencement of their employment, on November 21, 2022, the employees received an aggregate of 433,447 restricted stock units (RSUs) with an aggregate value of approximately $0.51 million based on a price of $1.17 per share, the closing price on the Nasdaq- in Global Select Market on the date of award.
RSUs have either a three-year quarterly vesting schedule or a four-year annual vesting schedule, depending on the relevant employee’s continuous service with Momentus on the applicable vesting date.
About Momentus Inc.
Momentus is an American commercial space company that offers infrastructure services in space, including space transportation, hosted payloads and in-orbit services. Momentus believes it can enable new ways of working in space with its planned space transport and service vehicles that will be powered by an innovative water plasma-based propulsion system under development.
Forward-looking statements
This press release contains certain statements that may constitute “forward-looking statements&CloseCurliDoubleQuote; for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, intentions, intentions or strategies of Momentus or its management team&CloseCurliQuotes regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any basic assumptions, and are not a guarantee of future performance. The words “can,&CloseCurliDoubleQuote; “vill,&CloseCurliDoubleQuote; “predict,&CloseCurliDoubleQuote; “believe,&CloseCurliDoubleQuote; “expect,&CloseCurliDoubleQuote; “continue,&CloseCurliDoubleQuote; “you could,&CloseCurliDoubleQuote; “estimate,&CloseCurliDoubleQuote; “future,&CloseCurliDoubleQuote; “expect,&CloseCurliDoubleQuote; “intends,&CloseCurliDoubleQuote; “may,&CloseCurliDoubleQuote; “maybe,&CloseCurliDoubleQuote; “plan,&CloseCurliDoubleQuotes; “possible,&CloseCurliDoubleQuote; “potential,&CloseCurliDoubleQuote; “aim,&CloseCurliDoubleQuote; “streve,&CloseCurliDoubleQuote; “predict,&CloseCurliDoubleQuote; “project,&CloseCurliDoubleQuote; “need,&CloseCurliDoubleQuote; “would&CloseCurliDoubleQuote; and similar expressions may identify forward-looking statements, but the absence of these words does not mean that the statement is not forward-looking.
Forward-looking statements are neither historical facts nor guarantees of future performance. Rather, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, expected events and trends, the economy and other future conditions.
Because forward-looking statements are forward-looking, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond Momentus&CloseCurliQuote; control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: the Company’s ability to obtain licenses and government approvals for its missions, which are key to its business; the Company’s ability to effectively market and sell satellite transport services and planned in-orbit services; the Company’s ability to protect its intellectual property and trade secrets; market development for satellite transport and services in orbit; the Company’s ability to develop, test and validate its technology, including water plasma propulsion technology; delays or obstacles the Company may face in developing, manufacturing and deploying next-generation satellite transportation systems; the Company’s ability to convert backlog or incoming inquiries into revenue; changes in applicable laws or regulations and extensive and evolving government regulations affecting operations and business, including export control license requirements; the ability to attract or retain a qualified workforce with the required security clearances and required skills; product service level or product or launch failures or delays that could induce customers to use competitors&CloseCurliQuotes; services; investigations, lawsuits, disputes, enforcement actions, litigation and/or other regulatory or legal proceedings; the effects of the COVID-19 pandemic on the company’s operations&CloseCurliQuote; Company&CloseCurliQuote’s ability to comply with the terms of its National Security Agreement and any related compliance measures put in place by a director approved by the CFIUS monitoring agencies (“Security Director&CloseCurliDoubleQuote;);” the possibility that the Company may be negatively affected by other economic, business and/or competitive factors; and/or other risks and uncertainties included under “Risk Factors&CloseCurliDoubleQuote; in the Company’s annual report on Form 10-K filed on March 9, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (“SEC”), available at the SEC&CloseCurliQuote;s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. These filings identify and address other important risks and uncertainties that could cause actual events and results of the Company&CloseCurliQuote; differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and, except as required by law, the Company undertakes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or some other way.
See the original version on businesswire.com: https://www.businessvire.com/nevs/home/20221222005408/en/
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