Claims Deadline is Approaching for the Momentus Stable Road Fair Fund

Core Points - Momentus, Inc. and Stable Road Acquisition Corp. (SRAC) are involved in a fair fund distribution due to misleading statements made during their merger process [4][15][17] - The Securities and Exchange Commission (SEC) has ordered the payment of $8,040,000 in civil penalties, which will be distributed to affected investors through the Momentus Stable Road Fair Fund [6][18] Group 1: Background and Misconduct - On October 7, 2020, Momentus and SRAC announced their merger, which included materially false statements about Momentus' technology success [4] - The SEC found that Momentus and its former CEO, Mikhail Kokorich, concealed national security concerns related to Kokorich's foreign ownership, impacting the company's launch schedule and revenue projections [5][15] - Following the SEC's findings, Momentus' enterprise valuation dropped from $1.1 billion to less than $600 million due to adverse licensing decisions stemming from national security risks [5] Group 2: Fair Fund and Claim Process - The Fair Fund is established to compensate investors who purchased SRAC common stock, warrants, or units during the recovery period from October 7, 2020, to July 13, 2021 [13][19] - Claimants must submit a completed Claim Form by July 4, 2024, to be eligible for a distribution payment, with a minimum recognized loss of $10.00 required [8][10] - The Fund Administrator, Epiq Class Action & Claims Solutions, Inc., will notify claimants of their claim status within 90 days of the claims bar date [11][23]