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Momentus Grants Inducement Awards to Two New Employees
Businesswire· 2025-11-07 22:00
Core Points - Momentus Inc. has granted inducement awards to two new employees as part of its 2022 Inducement Equity Plan, approved by the Compensation Committee [1][2] - The inducement awards consist of 2,000 restricted stock units (RSUs) with a four-year annual vesting schedule, contingent on the employees' continued service [2] - Momentus is a U.S. commercial space company that provides satellite buses, transportation, and in-space infrastructure services [3] Additional Developments - Momentus has entered into a partnership with DPhi Space to launch the Clustergate-2 payload aboard its Vigoride 7 orbital service vehicle [6] - The company has announced a warrant inducement transaction with an existing institutional investor, aiming for $7.0 million in gross proceeds [7] - Momentus signed a $15 million global agreement with Solstar Space to enhance low Earth orbit capabilities for various commercial and governmental needs [8]