Momentus has entered into an equity distribution agreement, providing for an at-the-market equity offering program.

Pursuant to the program, Momentus may, during the three-year term of the Distribution Agreement, offer and sell such number of Class A shares of its common stock as would result in aggregate gross proceeds to Momentus of up to $50 million. 

Momentus intends to use the net proceeds that it receives from the ATM Program for the continued development of the Vigoride orbital service vehicle, future enhancements to Vigoride, and general corporate purposes.